We are delighted to have been commissioned to write the above book with the kind support of the Federal Trust and Hampden Trust. This book looks at the historical context of Magna Carta, the importance of its principles and the common law and categorises how our society is performing today in relation to economic, judicial and constitutional affairs. To mark the 800th anniversary of the Magna Carta a copy of this book is being sent to every secondary school in England.
Our quarterly dividend monitor shows consensus dividend estimates holding however while we believe sustainable growing income streams to be a key investment criteria we are concerned that there is increasing risk to dividend maintenance amongst some of the highest yielding stocks, particularly in the mining and oil sectors. Consensus dividend growth for 2015 and 2016 of 7% and 6% respectively looks questionable albeit the income risk is concentrated to a small number of stocks. Please contact us for a copy of the report.
Walbrook Economics is delighted to have been commissioned to provide a comprehensive independent assessment of the Scottish government's proposals for fiscal autonomy. A copy of the report is available on request
This note looks at the likely direction of monetary policy in the light of today’s news of zero CPI. We briefly look at divergent recent inflationary trends, the different types of deflation and how it will impact Bank of England thinking.
The budget was a near irrelevance. Predictable and clever in its political expediency and designed to capture the undoubted ‘feel good.’ This note looks at two larger questions firstly are the UK’s public finances on track and indeed does it matter, given where bond yields are and related to that does the budget change the likely outcome of the election?