Our Views on the Markets and the Economy

On Wednesday the Chancellor presents his Budget and the Comprehensive Spending Review. His thinking should be guided by where are we in the economic cycle.



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Why invest when the future is unknowable?

We don’t need a crystal ball to tell us that the future is inscrutable. Whether we are talking about economic or market crises, social upheavals or so-called black-swan events, commentators seem to utter the words “We didn’t see that coming” with remarkable regularity. But if the future is so unknowable, should we embrace caution and not invest at all?



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In our latest investment update, our Chief Economic Strategist, Gerard Lyons, and our Head of Portfolio Management, Iain Barnes, look at the events that are impacting the global economy and financial markets, and what this means for your investments.



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What happens next?

There is considerable uncertainty surrounding the outlook for the UK and the global economy, and this is being reflected in both the current debate about what lies ahead and in recent market volatility. What should we make of this?



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Our recent report on inheritance, Generation Game: Financial Tribes in Family Finance*, looked at the challenges each generation faces when it comes to passing on and receiving wealth. The accompanying article highlighted the various ‘tribes’ that investors may associate with, but what exactly are these tribes and how can differing attitudes to money affect what parents leave to their loved ones?



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A stark lack of clarity on the topic of inheritance increases financial confusion for families, our new survey reveals. This can have a significant impact on family financial planning and create serious issues over the short and longer term – unless different generations learn to communicate more effectively with each other.



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Evergrande: a foundational threat?

The second biggest property developer in China – a company called Evergrande – is in severe financial difficulties. Given the size of China’s population, the scale of development there and the extent to which property prices have risen in recent decades, a firm occupying such an important position in this sector is naturally huge.



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We all like to stay in control of our finances and nobody likes to think about a time when they may be unable to manage their personal affairs. Yet unexpected events could affect our ability to do so, a real challenge that many people face in their lifetime – but you can be prepared so that your financial wishes are protected.



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Assessing the inflation challenge

This week we learned that the annual rate of consumer price inflation rose to 3.2% in August. A year ago, in August 2020, the annual rate of inflation was only 0.2%. The continued rise in inflation vindicates our commentary on this topic over the last year. What is accounting for this rise in inflation, what will happen next and what are the implications for policy?



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With the thrilling emergence of Emma Raducanu, and the enduring pre-eminence of Cristiano Ronaldo, it’s evident it takes a special kind of magic to succeed and remain at the highest level. But are there lessons investors can apply as we take inspiration from the achievements of leading sports stars?



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