In an age where opinion is so freely available, it’s a pleasure to listen to experts. Sir Christopher Meyer, British ambassador to the US from 1997 to 2003, gave our guests a fascinating insight to the government’s options following Brexit and to the US presidential elections.
One of the most overlooked risks for financial markets over the next decade is the potential for the US to impose tariffs on imports. This risk is greatest if Donald Trump wins on 8 November. Yet our analysis suggests conditions are ripe for protectionism to have broader popular appeal: less extreme politicians than Mr Trump could use it to secure votes.
The period since the UK voted to leave the European Union (EU) reminds us of the Phoney War. Although we have a new prime minister, little has changed, other than sterling’s precipitous decline.
Financial and political chaos were widely predicted if the UK voted for ‘Brexit’, yet all is calm. While we remain unconcerned about the risk of a meaningful economic contraction in the short term, there are several risks to the UK and global economies.
Globalisation is a highly contentious issue with many advocates and detractors. Nonetheless, throughout history, free trade has generally been good for prosperity, whereas periods of protectionism, such as those of the Corn Laws and Great Depression, have not.
We are delighted to be working with The Spectator as lead sponsor of its 2016 debate series. These debates will allow us to demonstrate our impartial, fact-based analysis as well hear from leading protagonists on important current issues.
Investment Perspectives: What is fact and what is fiction? That question has never been more pertinent as the UK weighs up the arguments ahead of the In/Out referendum on 23 June.
Our report specifically looks to address five myths around key areas of the Brexit debate: immigration, trade, financials, public finance, and foreign investment.
Myth 5: foreign investors will withdraw from the UK if it leaves the EU.