Investors should prepare for a bumpy ride
Commenting on the UK Government’s fiscal event, RLAM Head of Multi Asset Trevor Greetham said:
“Action to help struggling households and businesses pay their heating bills this winter was essential, but the scale of the tax cuts and spending increases in this announcement is breath-taking. Arguably, a significant, unfunded fiscal stimulus package like this would have made economic sense after the deflationary Global Financial Crisis, when borrowing costs were low and private sector balance sheets were deleveraging. Now with spare capacity non-existent, inflation at a forty year high and the Bank of England trying to cool things down, we are likely to see a policy tug of war reminiscent of the stop-go 1970s. Investors should be prepared for a bumpy ride.”
For further information please contact
Lena Nunkoo, PR Manager
- Email: firstname.lastname@example.org
- Tel: 02032 725 816
- Mob: 07919 171 919
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £150 billion of assets as at 30 June 2022. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued August 2022 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
Visit rlam.com to learn more.
More press releases you might like
50bp hike... for today at least
Senior economist at Royal London Asset Management, Melanie Baker, comments on today's decision from the Bank of England to raise interest rates.
Liz Truss is the overwhelming favourite to win the Conservative Party leadership election
RLAM Head of Multi Asset Trevor Greetham comments on the challenges facing the new Prime Minister.
State pension challenge reveals a drastically different retirement for those relying solely on the state
Royal London’s State Pension Challenge reveals that customers’ future lifestyles would drastically change if the State Pension was their only source of income. Find out more here.
Millions face a winter of worry following energy price cap rise
Millions of people face a winter of worry following Ofgem’s announcement that the energy price cap is going to rise by 80% to £3,549 from the start of October.