Mitchell dismisses double-dip concerns

Royal London's Bradley Mitchell says there is no foundation for the view the UK will enter a double-dip recession.

The manager of the £145m UK Equity Growth fund says his bullish viewpoint is backed by the available economic data. “I am bored with all this talk about a double dip, I do not know where all this paranoia is coming from,” he says. “We have never had a double dip in the UK, and the US has only had one since the Second World War. “China is still posting double-digit growth and recent GDP figures for Singapore, which is a good proxy for global growth, are at their highest level since 1975.” Mitchell also believes corporates are in a strong position due to healthy balance sheets and co...