I’ve always said the you can only plan, financially and otherwise, on the basis of what you know. Time and again it’s been proven that if you try to second guess both markets and budgets, your chances of being right are odds on at best and, yes, that means it’s an each way gamble; you can tell that I know nothing about horse racing and bookies. Should I and others, for instance, sell up double quick, in case entrepreneurs relief is cut – that’s the reduced rate of CGT you pay if it’s your own business? Should those with big share portfolios or buy to lets bite the bullet and pay tax now, in the hope (?) that things will get worse? Should I cancel my August week in Cornwall, in case this summer continues to be lousy and I get wet on the beach? Who knows? Not me. And there’s the rub. To mix Bowie and Shakespeare.
“Trade war: Stock markets rally as Trump rows back on Fed and China threats”
Yet another reminder, should one be needed, of how quickly things can and will change. A nod and a wink in the right direction from himself and/ or an underling can provide the solace the money men crave and turn a plummet into, if not a soar at this stage, then certainly a bounce.