There are some positive dots that we can join together when looking at the UK economy, which when viewed as a connected string, is beginning to show a slightly more creditable and credible pattern.
Although we remain cautious regarding exposure to European equities in general, selective opportunities may be emerging, as long as global central banks maintain the easy- money stance that is helping to fuel appetite for risk.
I am indebted to Chris Charlton from the foreign exchange specialists, Centa Asset Management in Frankfurt who regularly produces fascinating views and opinions on the varying strengths of the differing currencies.
No reasonable person contests the idea that we should all pay our proper dues. Nevertheless, in a week when it has emerged that HMRC wrote off £10.9 billion last year (with the Treasury expressing ‘some surprise’ according to the Public
Beyond talk at the time from a few consultants that difficulties at the banks would herald in a period of consolidation in Swiss banking, not much thought was given to the wider implications of what was going on at Sarasin and Vontobel.
Oh please stop wringing your hands, politicians, and apparently blaming everyone else except yourselves.