All our fears of tax rises and decades of austerity could, of course, be completely unfounded. Rishi could go for the go-go option, keep borrowing at low rates, give big companies tax-haven breaks to bring/keep them here, cut VAT and income tax to get us all spending, make Eat Out to Help Out a permanent feature. All of which, in the end, brings in more tax. That’s the theory, anyway. In theory, Brexit was a good idea. And Charles and Di were a perfect match. I could go on. Just don’t tell Rishi.
“Do not expect America’s interest rates to fall just yet”
As rehearsed many times on these pages, the next move onwards and upwards for your investments depends largely on the decisions of various bankers and economists in what would once have been ‘smoke-filled rooms’.