|
September 26, 2022
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 […]
|
August 22, 2022
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 […]
|
May 4, 2022
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 […]
|
February 1, 2022
Those with a keen interest in financial markets will have noticed that 2022 has brought with it the brewing of a dramatic storm in the more ‘glamorous’ areas of the stock market. The US S&P 500 index is down 8.1% year-to-date (at 27th Jan), while the ‘go-faster’ Tech-biased Nasdaq is down even more at 13.7%. The […]
|
November 11, 2021
This week marks the anniversary of the Pfizer/BioNTech Covid-19 vaccine announcement, an important milestone. Other leading pharmaceutical firms launched vaccines of their own shortly after, allowing governments throughout the world to offer doses to their populations on a mass scale. One year later, the data suggests the vaccines have been very effective at dampening the risks […]
|
October 28, 2021
The Autumn Budget has now been published and sets out measures to be introduced to address the Chancellor’s post pandemic commitment to ‘build back better’. Please click on this link to access our summary.