Holbrook Economics was delighted to speak, at the Institute of Economic Affairs Conference, to over 100 pupils at Loretto School, in Edinburgh, on the topic of 'austerity and the state of the UK economy.' The economic future looks bright judging by the quality of questions proffered. A copy of the presentation is available of request.
Trade deficits are seldom a major focus for investors however the UK's position continues to deteriorate. Indeed it is, as a proportion of GDP, the worst since records began in 1948 and the worst in the G7. This note looks at the UK's trading strengths and weaknesses and while it concludes that while, in the short term, the investment implications are fairly limited longer term in does risk both the level of sterling and UK prosperity. It is another example of domestic and global imbalances that seem to be growing and not abating.
This note examines where the earnings risk lies going into 2016 and 2017 and asks the question is confidence for earnings growth still too optimistic? Please contact us for a copy of the note
It is not often a 200-1 outsider wins. But that is exactly what has happened with the election of Jeremy Corbyn as the new leader of the Labour Party. This note looks at the impact he may have on the British political scene. Please contact us for a copy.
This not examines income sustainability, the risks to commodity sector income and areas where income growth is growing. We conclude that although consensus forecasts for aggregate income remain too high their are still pools of strongly growing income streams. Please advise us if you would like a copy of the note?