The oil spill in the Gulf of Mexico is a huge problem for investors in the UK, as BP shares are held in virtually every UK portfolio, either knowingly or, in the case of pensioners and endowment holders, perhaps unknowingly.
It is not surprising with the national debt at around £156bn the new coalition Government has focused on deficit reduction ahead of encouraging further long-term savings in its first few weeks in office.
Asset allocation has been child's play since Labour came to power in 1997.