Scratch beneath market surface to reveal less now means more later

Last week's Inflation Report has been widely reported as yet more doom and gloom. More inflation, le...

Last week's Inflation Report has been widely reported as yet more doom and gloom. More inflation, less growth, the end of the 'nice decade', lower standards of living, and an apparently impotent Bank of England, unable to do anything to help. Add to the mix a Government seemingly making fiscal policy up as it goes along and is it any wonder bond markets seem a little gloomy? And yet, dig beneath the surface and there is, of course, more to this than immediately meets the eye. And there is some good news to be found by looking through the more emotive headlines and examining the detail of ...