Every single joke and witty aside that could be, has been made. So I thought that some idea of the economic, stock and housing market effects of the Rishi Regime, which we have to assume will be around for a year or so, might be a tad more useful. Well, the £ went up in value, but not by enough to give you more than an inch extra of tonic in your holiday gin. Our stock market did very little, but certainly didn’t plummet. It’s probably too late for mortgage rates, but they may not go up much more, as interest rates have ‘stabilised’. And, another headline. “Dramatic fall in house prices ‘far less likely’ with Rishi Sunak’. Not desperately convincing, I know. A proviso, however, to all of the above potential ‘stability’: it will depend on the confirmation on 17th November of some pretty killer (in many ways) spending cuts and tax rises. Happy Halloween.
“Donald Trump is winning. Business, beware”
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 business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
