The spring time terrorist attacks in both London and Manchester along with the Grenfell Tower fire tragedy in London’s Borough of Kensington and Chelsea have left a painful and fearful legacy in the UK at present. While the new diminished government barely copes. Read more
Just 35 days before the UK General Election the Conservative had their best local government election’s result in years. They recorded 558 gains with labour losing 328 and UKIP being almost annihilated to 1 seat from 114. UKIP claimed to be a victim of their own success after last year’s Brexit Referendum. This was cited as one of the main reasons for holding a General Election to provide a stronger mandate to negotiate for the EU exit deal. Surely the domestic economy’s tax and spending plans should be a higher priority manifesto consideration as Brexit is now only for the negotiators as it’s over as a concern for voters (Irish Mirror, 2017). Read more
North Korea resembles something between news footage from the Cold War days and “hyper-normalised” life imitating art or comedy like that portrayed by the hilarious 2005 Team America World Police which is well worth a watch if you enjoy biting satire (You Tube, 2017). Read more
I have a holding in Interserve a UK based support services and building contractor. It was until recently one of my larger holdings. From the 2009 financial crisis share price lows of sub 200 pence per share it climbed to peak at over 700 pence per share in early 2014 and has since retreated again to circa. 240 pence per share at the time of writing. Read more
This is the message I give to Davos man or woman for the 2017 January meeting of the World Economic Forum in Switzerland, unless you want to go skiing of course. Picking a theme like inequality or climate change is all well and good. Read more
I’m looking forward to seeing the back of 2016.
However it’s not particularly as an investor that I’ll be glad to see the start of 2017 but as a voter. I have voted 5 times since 2014 in elections for EU, UK and Scottish parliaments, 1 Scottish referendum and in June 2016 the Brexit referendum. It has been the latter that has seemed to matter the most and it has caused all the political upset although markets have been benign about the result so far except with currency markets against Sterling. Unfortunately that does matter as prices are rising and inflation will creep back in to the UK RPI figures as 2017 progresses.
Brexit and the Philippines’ President Duterte “Harry” Show the US Has Problems With Key Allies Doing the Unexpected.
Before the UK’s referendum on leaving the EU in June 2016 plenty of world politicians advised the British to remain most prominently was the current US President Barack Obama warning the UK would be, “at the back of the queue,” in any future trade negotiations with the US if it choose to leave.
A Datastream chart of the month showing, “bumper UK retail sales in July as consumers shrugged off Brexit gloom,” was sent to me as a client of Cazenove Captial, a well known UK investment manager. Read more
Harvest thanksgiving services in many rural parish churches were for centuries well attended events in the church calendar which celebrated the harvest had been successfully gathered in for another year and the prospect of famine and poverty avoided.
The performance of the FTSE 100 share index appears to be fine so far after the UK’s Brexit vote, to paraphrase Mungo Jerry’s 1970 hit ,” In the summertime,” before the UK joined the EU, with global investors seeing US and other major indices rise too.