Resilience in the face of adversity The strong start to the year was tested in March with the failure of several regional banks in the US, followed closely by the bailout of Credit Suisse, the second largest Swiss bank. Unsurprisingly, these events led markets lower over the month as sentiment soured. However, it wasn’t long […]
2022 was a difficult year for most investments, but unusually, in a tough year for stock markets, it was Cautious investors who experienced the worst of the downturn. Rapidly rising inflation, caused by supply chain disruptions and low unemployment, left central bankers no choice but to react at similar pace with interest rate rises. This […]
On taking office, the Chancellor warned that ‘everyone will have to make sacrifices’ in order to help balance public finances and support the economy get back on track. In this Newsletter we look at the main measures announced in his Statement Please click on this link to access our summary.
What the Chancellor, Kwasi Kwarteng, presented to the House of Commons on Friday was definitively not a Budget, it was ‘The Growth Plan’. The sixth Chancellor since 2016 was careful to avoid the ‘B’ word, despite the huge sums of spending and borrowing that he announced – greater than in most, if not any, real Budgets, let […]
Behind the curve The world economy has recovered strongly since the pandemic hit in 2020, but 2022 has proved to be a challenging year for the majority of assets. The labour market has been tight, with the US unemployment rate at a near multi-decade low and wage growth a multi-decade high. These conditions have been […]
In the year to date, the most significant reference point for financial markets has been the Russian invasion of Ukraine. Russia has a strategically important role as a leading global commodity supplier. In 2021, it was the world’s third largest supplier of oil and also produced 40% of the natural gas consumed by the EU. This […]