What will Liz Truss mean for the stock market and investors? The INVESTING SHOW about Britain’s new Prime Minister
Britain has a new Prime Minister who has vowed to be pro-business and help consumers, but will that trickle down to the stock market?
Simon Lambert and Richard Hunter discuss Britain’s change in leadership in this episode of The Investing Show.
Liz Truss is taking on both Britain’s top job and an economic challenge that would leave most reeling.
Inflation is up into double digits at 10.1 percent and is expected to rise further. Meanwhile, the pound has fallen against the dollar, the cost of borrowing in the UK is rising, business and consumer confidence is falling and the Bank of England is warning of a recession.
On the other hand, UK business and household finances are in decent shape overall and the consumer economy has fared much better than many expected due to Covid.
Meanwhile, the UK stock market has held up better than most this year – with the FTSE 100’s major international companies supporting that index – and until the cost of living crisis linked to Boris Johnson’s ouster as Prime Minister, Britain was talked about as an investment opportunity .
So can our new Prime Minister regain confidence and buy investors, or does someone sitting at 10 Downing Street make little difference to the UK stock market and should investors be better off looking for guidance from across the Atlantic and across the state? US economy and markets?
All of this and more is up for discussion in our latest Investing Show episode above. The full archive of Investing Show videos can be found here.