In the UK this month, an exam algorithm fiasco dominated headlines while the ongoing pandemic saw European countries grapple with a resurge in cases, testing, restrictions and vaccine development. Let’s not forget several other key developments factoring into the work we do…
David Frost, our chief negotiator, continues to meet with Michel Barnier, though he is taking on the National Security Adviser role from the end of this month and will, apparently, do both jobs until the EU negotiations are concluded.
News flow on Brexit has been quiet, so it’s clear that little media-worthy progress has been made. The 31 December deadline, when the current transition period ends, looms large.
The US Election
It will be an intense final few weeks as Trump bids for a second term against Joe Biden. Either way, a record will be set - the oldest person to be elected US president will be elected this November. Trump has the current record (70 years old at the time of his inauguration) and Biden is more than three years his senior. The Democratic convention is over. The Republican Convention starts next week. The debates start in late September. The election is 10 weeks away.
Finally (for the moment), it has not gone unnoticed that UK government debt tipped over £2 trillion in July, the first time it has been above 100% of GDP since 1960-61. Rishi Sunak’s spending schemes to support the UK economy are reflected in these borrowings. With interest rates so low, should we be borrowing more to kick-start our economy?
We’ll elaborate on these key issues in a video soon. If you have any questions you’d like us to consider please let us know.
Caroline Shaw CFA, MEng (Hons), Dip PFS, IMC, Chartered MCSI
Head of Fund & Asset Management
Issued by Courtiers Asset Management Limited, CAM0820438. Courtiers Asset Management Limited is Authorised and Regulated by the Financial Conduct Authority - Register No: 616322.
Warning – the views expressed by Courtiers in this summary and any video and video transcripts, are reached from our own research. Courtiers cannot accept responsibility for any decisions taken as a result of reading this document, watching the featured video or reading the video transcript and investors are recommended to take independent professional advice before effecting transactions. The price of stocks, shares and funds, and the income from them, may fall as well as rise. Past performance is not necessarily a guide to future returns.
We do not endorse nor accept responsibility for the content of any website not operated by Courtiers which you may visit by following a link from this article.