EquitiesFirst's James Mungovan: Time to let private credit fund public growth

Escape from low-growth trap

Tariffs were promised on ‘Liberation Day’ but the scale and breadth of US President Donald Trump’s levies on allies and adversaries alike surprised everyone – as the market reaction made clear.

Thanks in part to Prime Minister Keir Starmer's diplomacy, the UK has got off relatively lightly.   But the fact remains there will be economic implications for Britain, which was already struggling to free itself from an era of lethargic growth and declining productivity since the global financial crisis. Escaping from the low-growth trap demands a broader set of solutions than the Labour government has so far fully embraced. It will not be enough in today's uncertain global climate to simply seek to make it easier to build houses or smooth the way for major infrastructure project...