31 May 2023 - Improvement in economy to be from “weak” to “fairly weak”
The UK economy is facing some major issues in the long term as the Government tries to put in place a strategy that will leverage Brexit while the Bank of England tries to extinguish the threat of inflation. While it is now generally agreed that the country will now face a recession this year, thoughts are turning to the long-term prospects which may include a leap into the unknown as the people decide it is time for a change of Government. The last time this happened was in the nineties when Conservative Party “shot itself in the foot” and ushered in the Blair/Brown years. It may be that the country needs a fresh approach, but the current Labour leadership is hard to understand. Yes, they ” make noises” about the need for change and how they will cut debt, while at the same time investing in the future of the country. Without being sceptical, whenever Shadow Ministers are asked the how of their policies, they do little more than make hopeful noises, critical of the current situation but fail to add any “meat to the bones”. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.