It feels like 2024 is the year of the election with over 64 happening in various countries around the world covering around 50% of the world’s population[1]! These range from the farcical pretense of the re-election of Putin, to that in the UK. At this time, it looks like a probable victory for the Labour party over the…
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Despite the doom and gloom of rising interest rates, elevated inflation, the fear of a wide recession and the continued war in Ukraine, global equity markets[1] (developed and emerging markets combined) have actually risen in 2023. In GBP terms, they have delivered around 7.2% to the end of June, recovering most of 2022’s fall. Markets are forward-looking and…
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Three prime ministers and three chancellors in as many months. It certainly feels chaotic, possibly a bit embarrassing, as well as a little depressing. There is no doubt that the UK could do with some stability, fiscal rectitude and general leadership. Let’s hope that Rishi Sunak can deliver some. Let us think about the magnitude of what has just happened. The…
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