Boris Johnson has replaced Theresa May as the UK’s Prime Minister and it’s an opportune time to remind ourselves that in the long-term stock markets provide investment returns regardless of who lives at Number 10. Our election blog post (May 2017) illustrated why trying to make investment decisions based upon political speculation is unlikely to […]
A politically safe budget. Having been rebuffed by younger voters in the June general election, the Government is understandably concerned to be seen to be addressing their needs, and this was reflected in the Chancellor’s November Budget announcements. Of particular concern has been the difficulty young people are experiencing in getting onto the housing ladder, […]
An unexpectedly large change to the discount rate, which determines compensation payments for those suffering life-changing injuries, has thrown the insurance markets and their legal advisers into disarray. Campaigners have long been arguing for changes to the ‘Ogden rate’, the mechanism allowing courts to fairly price catastrophic injury compensation payments to support pursuers financially throughout […]
As dawn breaks, the morning light reveals yet another political gamble that has not paid off for the dice roller. The UK has a hung Parliament, with no party holding an absolute majority. Such is the unpredictability of a parliamentary democracy. If you ask the people of the UK what they think, be prepared for […]
Exhibit 1: Growth of a Pound Invested in the Dimensional UK Market Index January 1956–December 2016 Over the long run, the market has provided substantial returns regardless of who lives at Number 10.