Home to boost

Abderdeen's Ed Beal says many investors are focusing on overseas markets thanks to the uncertainty surrounding the UK economy. But are they missing out on opportunities closer to home?

The current extraordinarily low level of interest rates has benefited the borrowers in our society, most notably mortgage holders. However, there is a separate and larger constituency - namely savers - who have found the income stream produced by their savings reduced to almost nothing. The situation does not appear likely to improve in the near future. The Monetary Policy Committee is determined the UK avoids a Japanese-style bout of deflation and has made it clear it will use both conventional tools such as low interest rates and unconventional tools such as quantitative easing to do so. ...