Fears over the potential impact of a Le Pen victory on Britain’s economy and global financial stability deepened today, after the Bank of England warned of possible market turmoil caused by a year of world elections.

“Policy uncertainty associated with upcoming elections globally has increased,” warned the Bank, in its half-yearly Financial Stability Report. And, in an exceptional year in which over 80 countries – covering more than half the world’s population – are heading to the polls, “This could make the global economic outlook less certain and lead to financial market volatility.”