Newsletters
Quarterly Newsletter - Winter 2009/10
Here we are, at the beginning of a new year and, as conventional wisdom would have it, at the beginning of a new decade, signifying the end of the “noughties”. “Noughties” is a rather peculiar term, to put it mildly. It does seems a bit odd, in truth, that we appear not to be too sure when a decade actually starts or finishes.Whether we are at the end of the decade or merely 9/10 through it does n...read more
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Quarterly Newsletter - Autumn 2009
It is now almost official: interest rates are going to stay low for years. The Centre for Economics and Business Research (CEBR), the highly regarded independent consultancy, this week predicted that the Bank rate will stay at 0.5% until 2011 and not rise to 2% until 2014! The CEBR’s forecast is assuming substantial fiscal tightening – £20 billion of tax increases and £80 billion of spending cuts ...read more
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Quarterly Newsletter - Summer 2009
Markets, the Recession and UK PoliticsWhen Bill Clinton was the Democrats’ presidential candidate against the incumbent George Bush senior in the 1992 US elections, his campaign manager coined the phrase “it’s the economy, stupid”.Looking at financial markets, the same slogan could be applied now. It all hinges on what view you take about the outlook and sustainability of the UK economic recovery ...read more
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Quarterly Newsletter - Spring 2009
The G20
Summit
The G20 Meeting in London has come and
gone. After all the fanfare during the build-up when we heard about
Gordon Brown’s “global new deal” which entailed a $2 trillion-plus fiscal
stimulus to end the recession, the Germans, Spaniards and the French made it
clear that they did not share our Prime Minister’s vision. This must have
been a bitter pill for Gordon Brown to swall...read more
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