UK economy expected to rebound with Tories' victory

London

THE UK economy is likely to rebound, now that David Cameron's Conservatives have foiled the pollsters by winning a majority to become solely in control of government.

Sterling, the UK stock market and government bond prices - albeit off their peaks - jumped following the results. Foreign acquisitions of some UK companies that are in the pipeline are likely to go ahead, now that political uncertainty is out of the way. House builder share prices soared between 4 and 9 per cent on expectations that property activity will improve again.

Given…