Date Published: 13/12/2019 15:03
While some issues were decided last night, huge uncertainties remain.
This Election feels telling; that’s how politicians win votes – by insisting that this is the Election that really matters. In truth, Brexit-related economic indecision is set to continue, just in a different pretext.
Investors are faced with a dilemma. Instead of an anti-business Labour-led government with one pro-business policy, we have a business-friendly Conservative government with one big anti-business policy. The pound jumped against the US Dollar around 2% overnight suggesting markets view the election as positive for the UK economy, but with it at $1.34 they still think resolution is far away.
However, it is easy to overthink UK politics as your investment portfolios will be globally diversified multi-asset portfolios. It could be argued that diversified investments are not especially vulnerable to UK politics.
Global equities don’t care about the UK!
Other growth assets don’t care about the UK!
We have a Conservative government with some business-friendly policies and one big anti-business policy – Brexit. Most likely, the UK will enter into a transition period once Parliament passes the withdrawal agreement next week. This will last until the end of 2020.
Business now has clarity that the UK will leave the EU by the end of January and gives corporate leaders the ability to make decisions and deploy the cash retained because of political indecision, if and when appropriate. But this is just the start - which of the 50 shades of Brexit we will end up with?
The promissory notes given to the region to support the local economy need to be followed through and must lead to rapid distribution of investment for regional transport/infrastructure projects and support of the local economy. Hiding in fridges is not an option, it is time to deliver!
Future Life Wealth
54 Ravenshorn Way,
Renishaw, Sheffield S21 3WY
+44 (0) 1246 435 996
Monday - Friday 8.30am - 5.00pm
Future Life Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority
The Financial Conduct Authority does not regulate taxation & trust advice
We are entered on the The Financial Conduct Register No 509960 at www.fca.org.uk/register
The Financial Ombudsman service can be found at www.financial-ombudsman.org.uk
Registered in England No. 07036892 Reg. Address: Future House, 54 Ravenshorn Way, Renishaw, Sheffield S21 3WY
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The value of your investment can go down as well as up and you may not get back the full amount invested.
Your home is at risk if you do not keep up with your mortgage repayments.
Equity release is a lifetime mortgage or home reversion plan. To understand the features and risks please ask for a personalised illustration.
We do not offer advice in relation to home reversion plans.
The tax observations contained in this website are made in good faith and are based on our understanding of current Revenue and Customs regulations. We cannot accept any responsibility for any future regulation that may retrospectively happen.