The survey was carried out by the private investment house IW Capital to uncover what consumers think the Conservative-DUP partnership will mean for their personal wealth and the economy.

The survey found that:
• 59% of UK HNWs – 2.1m people – believe the new-look Government will make them richer over the next five years
• 54% of Londoners said the same thing – both above the national average of 51%
• Almost two thirds (64% or 2.3m people) of HNWs think the current Government will put the UK economy in a stronger position after Brexit than it was before
• Three quarters (73%) of HNWs say they have faith in the Government to protect the interests of private investors and help them grow their portfolios between now and 2022.

IW Capital commissioned a survey of 2,000 UK adults to uncover what they think the partnership between the Conservative Party and the Democratic Unionist Party (DUP) will mean for their personal wealth and the country’s economy.

It found that 59% of UK high net-worths (HNWs) – the equivalent of 2.1 million people across the nation – think the new-look Government will make them richer over the next five years. Londoners were similarly positive, with 54% of people in the capital agreeing with this sentiment – both ranking above the national average of 51%.

The survey found that there was significant faith in the newly-formed Government’s ability to drive the economy forwards during the Brexit negotiations that lie ahead.

Some 64% of HNWs (2.3m people) believe that the Conservative minority government will put the UK economy in a stronger position after the country leaves the EU than it was before. The figure among those in London stood at 60%, again above the nationwide average (58%).

HNWs proved bullish in their sentiment towards the new Government when it came to protecting the interests of private investors – almost three quarters (73%) of HNWs said they had faith in Theresa May and her team in helping them grow their investment portfolios between now and 2022.

IW Capital’s research was carried out a week after the Conservative-DUP partnership was officially agreed. It follows a study by UBS among UK millionaires, which found that 78% think Brexit would have a “positive effect” on their ‘financial plan’.

Luke Davis, chief executive of IW Capital, said: “The General Election result may have come as a shock, but today’s research demonstrates that much like Brexit uncertainty, wider investor sentiment remains buoyant.

“It is vital in the current period of political and economic transition, that those who hold significant investment capability are supported in their financial intentions. The nation’s high net-worths serve tremendous value in catalysing and sustaining economic momentum, so the positive sentiment revealed today is encouraging.”