There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a businessman himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it? Until Covid, that is? Well, perhaps not. It’s uncertainty that worries both markets and business owners and the one thing you know about Trump is that you really don’t know what the heck he might do. There’s a similar, but opposite, misconception here about a Labour government. Several people have said to me, surely the markets will crash, they’ll bankrupt the economy, won’t they? Historically, not the case, remember the boom times of Swinging London (kids etc.) and Cool Britannia? After a while, if any government’s in for too long, events take over; and, my goodness, haven’t they just for the current lot.
“Reaction: UK economy returns to growth as GDP rises by 0.3%”
OK, this sounds like good news, doesn’t I? Last month’s figures showed a fall in GDP, and three of those in a row equals ‘technical recession’.
