The coronation of Rishi Sunak as the third British Prime Minister this year has brought to an end four months of unprecedented crisis at the heart of British government, culminating in the calamitous collapse of market confidence in the wake of the mini-Budget on 23 September.
News & Commentary
Rarely can the managers of the UK’s huge institutional funds have been confronted with such uncertainty. This is not just the volatility seen in the wake of the global financial crisis, the Covid-19 pandemic or Russia’s unprovoked invasion of Ukraine. UK economic policy is embarking on a journey into the unknown.