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St. James’s Place – “Consumption returns but investment does not”

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Luke Chappell of BlackRock comments on the falling savings ratio and building credit “these are worrying hallmarks if they mean a return to a credit-fuelled economy.” Lloyds may return to its “pre-financial crisis position of being a boring high-yield stock” says AXA’s Luckraft. Neil Woodford on big banks: “The question…

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