Europe has long been seen as the unloved problem child of developed markets, beset with fiscal problems, threatened by disintegration and unable to escape from chronic underperformance. Now it’s the new favourite. But can Europe justify its new-found popularity and higher valuations?
The birds sang and life went on during the summer of 1939; today’s post-referendum lull feels a bit like a phoney war too, albeit without the threat of bombs.
Imagine if freshly minted Prime Minister Theresa May appointed Jeremy Clarkson foreign secretary, creating a Top Gear takeover of post-Brexit Britain. Instead we have to make do with an equally left of field candidate: Boris Johnson.
Years from now, the result of the EU referendum will be another one of those historical moments in which everyone remembers exactly where they were when it happened. I certainly won’t forget nor the hours that followed as I was in a hotel built into the cliffs on a Greek island.
In the last couple of months, I’ve travelled the country presenting my investment views on Brexit to hundreds of IFAs at seminars and conferences. While the thoughts and opinions of the audiences have varied significantly, one factor has united them all: the acknowledgement that the outcome of this referendum is incredibly important.
On Tuesday, a surge of half a million applications caused the government’s voter registration website to crash: 525,000 submissions on deadline day. This shows that we’re either a nation of complete procrastinators or the sheer political force of this referendum has prompted typically indifferent voters to actually take an interest in politics. Either way, it’s clear the Brexit debate has stirred up significant political intrigue across the country, which can’t be a bad thing.
Is the latest ICM poll for the Guardian a watershed moment for the Brexit debate? For the first time, the telephone and online survey has put the leave campaign ahead with the overall result showing a 52% - 48% split in favour of the UK leaving the European Union.
As time ticks down towards next month’s Brexit vote the debate is getting loud enough to drown out almost everything else. Yet developments on the Continent are just as important for our future if Britons decide to remain in the EU.
With just over a month to go before we take to the polls, the Brexit debate continues with more attack ads and vagaries. This week, the unlikely trio of Lib Dem’s Vince Cable, Labour’s Ed Balls and chancellor George Osborne used a specially branded Ryanair plane as a bandstand for the ‘remain’ campaign.