Stories we should be thinking about
Here are a few finance and related stories to be thinking about ahead of the new working week...
Macro matters:
The Financial Times front
page on Monday notes what I have thought for a while…there is going to be a lot
of ‘save as’ under a different file name for the post-Brexit versus the pre-Brexit legislation!
‘Theresa May is
looking to keep Britain under the remit of some EU agencies after Brexit, in an
admission that the UK does not have the time or expertise to replace European
bodies with a new British regulatory regime within two years’
No surprises to me!
Meanwhile in the UK
economy some good observations here noting some not great recent data:
‘The three-month
trend, which includes incredibly weak growth in both December and January,
shows UK retail spending has not been this bad since late 2013. The three-month
fall is comparable to that seen at the beginning of the financial crisis’
A Brexit fear effect?
It certainly does not help but on the ground the UK economy does not
feel that bad and – as shown by the
bounce in Next shares after their
cautious comments last week – much is factored into impacted UK shares.
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