Stock markets have also crept north, most now back to where they were before Feb’s ‘correction’. Our own FTSE is up 12%, having been down 12% although many fund managers are ‘seriously underweight UK equities and bonds’, which means they’re taking a long-term, unpatriotic view on the likely effects of Brexit. It would be interesting to know whether Messrs Gove/Johnson/Duncan Smith are putting their money where their mouths (far too often) are and have instructed their own stockbrokers to go ‘seriously overweight’.
“Rachel Reeves may be forced to raise taxes”
Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.
