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…
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.
2016 has already been a difficult year for investors and in particular would-be investors. Market volatility at the start of the year and investor apathy leading to a wait-and-see attitude in the run up to the Brexit vote, meant that new business numbers for H1 were nothing to write home about.
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.
Brent Crude rallied more than 8%, ending the month just shy of $50. It broke through that psychological barrier for a few hours earlier in the month as well. This rise in oil prices, driven by supply concerns in Nigeria and Canada, helped boost most equity markets. The cost of a barrel has almost doubled since January’s lows.
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.
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