Monday, November 14, 2022

The gift that keeps giving..


I see that London has lost it's position as the #1 stock market (by value) in Europe, recent analysis has Paris overtaking it for the first time since records began. To cap this the UK is also expected to fall into recession this year as inflation rises and our currency weakens against other major currencies like the Dollar and the Euro. Last year we also saw London losing it's position as the top spot for trading to Amsterdam as the volume of shares traded daily in London dipped below that of our European neighbour and there has also been a migration of jobs from the City too, up to 7,000 jobs have been lost to rival centres, like Frankfurt, in recent years.

Of course there are many factors that affect the performance of this sector of our economy (about 7% of the total) but by far the biggest in recent times is unquestionably Brexit, that malodourous pile of excrement introduced to us by our Conservative overlords and, as predicted by many, a gift that simply won't stop giving.

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