The story so far
The economy has performed reasonably well since the referendum. We were more sanguine about the economic prospects following a ‘leave’ win, but the economy has, if anything, performed slightly better than we were expecting.
The performance of the economy overall after Brexit will be determined by the Brexit settlement (whether there will be a deal) and also by what happens afterwards (the extent of policy activism). Vigorous policy activism is inevitable in the case of ‘no deal’. Thus, three macroeconomic scenarios are plausible: ‘No deal’ ‘Compromise deal’ ‘Deal with
A paper discussing the United Kingdom’s relationship with Europe and the impact of ‘Brexit’ on the British economy. Download PDF (3.9MB) Executive summary Capital Economics has been commissioned by Woodford Investment Management to examine the United Kingdom’s relationship with Europe and the impact of ‘Brexit’ on the British economy. A referendum is due to be held
Leaving the politics to one side, we have commissioned Capital Economics to look purely at the economic consequences of Brexit. We’ve found this exclusive report very valuable, interesting and ultimately, from the perspective of our investment strategy, very reassuring. It reinforces our confidence that the portfolios are positioned very appropriately for the long-term and that is why we want to share it with you…
The UK economy – Why we are more positive We are often drawn to areas of the stock market that have fallen out of favour. Investor antipathy towards certain stocks or sectors becomes embedded in valuations and it is that undervaluation which sparks our interest. Domestically-focused UK stocks have become too cheap Valuation premium of
The people of Britain have voted to leave the European Union. This clearly represents a very significant decision for the UK, for the European Union and indeed for the wider global economy. Markets are clearly shocked by the decision but it is not as negative a development as the market’s initial reaction appears to imply.
As part of our sponsorship of this year’s Kilkenomics, we have some exclusive video footage of David McWilliams in conversation with some of the festival’s key speakers for use on our website. We will be releasing these over the coming weeks and first up is David’s conversation with Greece’s ex-Finance Minister, Yanis Varoufakis.