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December Market Commentary

Introduction  November was a month when supplies of both oil and gas – or the lack of them – dominated the news. You will read several comments below about the threat of inflation. In many countries, it is reaching levels not seen for two or three decades, and the escalating price of oil and gas […]

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Why Doesn’t the UK Have a Trade Deal with the US?

“Get Brexit done,” Boris Johnson famously said in his party political spoof of Love Actually just before the last General Election. Well, Brexit got done and – with International Trade Secretary (now Foreign Secretary) Liz Truss leading the way – the UK embarked on a series of deals with other countries, most notably applying to join the […]

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Should we all start buying gold?

In September Germany went to the polls to elect a new government – and a successor to Angela Merkel, who had decided not to seek a fifth term as Chancellor. The result was inconclusive. The Social Democrats (SPD) topped the poll with 25.7% of the vote and a provisional 206 seats in the Reichstag, with […]

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November Market Commentary

Introduction October was the month which brought us Chancellor Rishi Sunak’s second Budget of the year. Normally that would make the headlines, but October was also a month when the world gave us plenty to worry about. With factors such as rising energy prices and supply chain issues impacting economies worldwide, the UK’s economic outlook […]

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October Market Commentary

Introduction You will no doubt be aware that September was a month when shortages dominated the headlines. As we will see below, it was by no means a problem confined to the UK: sadly it does not look like a problem that will quickly disappear. We have, for example, written previously about the shortage of […]

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A confused German election: What does it mean for the German Economy?

On Sunday September 26th Germany went to the polls in the first election of the post-Angela Merkel era. ‘Mutti,’ as she is widely known, has been German Chancellor – and, by definition, Europe’s premier politician – since 2005. But she stepped down as leader of the Christian Democrats (CDU) in 2018 and made it known […]

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What is ESG? Will it matter more than the bottom line?

There have been a thousand-and-one articles written since the pandemic on people’s changing attitude to work. Millennials and the generations that follow them – so we are told – want different things from work. Flexibility, the option of working from home and, above all, to work for a company that shares their values: that values […]

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September Market Commentary

Introduction The defining image of August 2021 had little to do with the stock market on the surface, it was, of course, the withdrawal of British and American troops from Afghanistan. As some readers will know, Afghanistan has significant mineral reserves, which some estimates put at $1tn (£730bn). These reserves include lithium, so it will […]

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Is Facebook really worth a Trillion Dollars?

You may have seen the film The Social Network. In the film, Jesse Eisenberg, playing Facebook founder Mark Zuckerberg, is musing on wealth. “A million dollars?” he says, and shrugs. “But a billion dollars… that would be cool.” The film was released in 2010. Eleven years on the scriptwriters may need to add three more […]

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Is there any reason to worry about Inflation?

If you’re the sort of person who likes their glass half-empty then there will be plenty of opportunities to find something to worry about at the moment. The recovery from the pandemic, global tensions and all the staff shortages in the news can turn anyone into a pessimist. On top of that, some are suggesting […]

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