As the Bank of England raises interest rates for the first time in a decade, the baton of economic stimulus is being passed to the government. Fiscal policy will have to smooth the way for UK growth here on in, but Chief Investment Officer Julian Chillingworth wonders if the government can deliver.
Bank of England Governor Mark Carney sends sterling soaring by hinting of rate hikes, meanwhile US monetary and fiscal policy head towards a showdown. Rathbones chief investment officer Julian Chillingworth investigates.
Bank of England Governor Mark Carney has been toying with investors’ emotions for so long that markets really should be used to it by now, head of fixed income Bryn Jones argues.
If Mark Carney was a DJ, then last week he double-dropped a huge bass-line and the crowd on the dance floor – who thought the party was coming to an end – just went crazy.
Generally speaking, you know it’s serious when someone who is detested says something loud and proud to reduce them even further in your estimation. Think a train company that says customers need to be grateful that the service is now running on time after cancelling 30% or more of the services, and offers a reduced timetable! Or maybe a businessman that leaves pensioners in the lurch and demands people should not stare as it upsets him…
It’s been just over a fortnight since Rathbones and The Spectator hosted a frenetic Brexit debate at the London Palladium. Yet in that short space of time the decision around ‘should we stay or should we go’ has continued to gather pace. And, just when you thought the debate couldn’t get any more farcical, the prime minister has issued a warning that Brexit could lead to World War III and Boris Johnson has been spotted waving a pasty from a bus in Cornwall.