Quilter's Levin: Political risk reminds investors of the harms of home bias

No quick rebound

clock • 4 min read

The recent Mini Budget and the subsequent market reaction temporarily plunged the UK into a political and economic quagmire.

The Conservative government has subsequently reversed course on its most controversial of policies - the scrapping of the 45p income tax rate - while the Bank of England has assured the market that it stands ready to return to quantitative easing to the tune of £65bn to support liquidity for pension funds and the liability driven investment (LDI) market. While we will never know quite how close we were to a complete breakdown of the UK financial market, it has posed many questions about the role the UK plays in the global economy and where we go from here. Quilter CEO Paul Feeney step...

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