Donald Trump has stunned the world this morning by defeating Hillary Clinton for the race to become the next president of the United States. The newly elected president has been part of one of the most divisive elections in modern US history.
As an outsider with no political experience, Trump delivered his victory speech in New York to chants of “USA, USA!”. Crucial victories in states Florida and North Carolina took him beyond the 270 Electoral College votes required to take The White House.
The businessman pledged to bind the wounds of division and call on Republicans and Democrats to come together after a “nasty” presidential race. Trump paid tribute to Hillary Clinton for a hard-fought campaign and promised to be “president to all Americans”.
Whilst respecting America’s decision, the FTSE 100 saw £37n wiped off the value of the top UK-listed companies. Canada’s main immigration website crashed and New Zealand reported an increase in traffic to its website for residency visas.
Mr Trump will be the oldest person ever inaugurated as US president at 70-year.
What will be the effects of this recent election and will it effect the economy and consequently the insurance market?
For any information on Todd & Cue’s insurance cover, please contact our friendly team on 0191 482 0050.