Chairman’s Blog

  • September 2017 - It’s difficult not to worry about Europe and Brexit where, on the one side twenty-seven governments, particularly when they are led by recalcitrant Brussels bureaucracy, are unlikely to be able to unanimously...
  • August 2017 - I have outlined many confusing issues, the world economy in general is chugging along nicely in spite of everything. People and businesses are getting on with running their affairs and the steady, albeit slow, growth...
  • May 2017 - In the UK, the Prime Minister sprung a completely unexpected election. On analysis, it was called for understandable reasons, however, it was a brave move. The Prime Minister’s negotiating position...
  • March 2017 - Since my thoughts at the beginning of February, which followed a few intensive days in Washington DC, nothing has happened to change my view of Trump. He is, however, proving...
  • February 2017 - The economic dislocation following the financial crisis is receding and business in general seems to have adjusted to a world of growing uncertainty on the political as well as the legislative front.  Perhaps...
  • October 2016 - For the last twenty years, we have been living in a period during which a generation has forgotten that debt has to be paid down and debt destruction, often discussed and experienced in the last century, has been forgotten about.   This ...
  • September 2016 - Like a drug, increasing QE is less and less effective.  The actions of the Bank of England post-Brexit are for this reason extremely worrying and will cause many more problems down the road for banking...
  • July 2016 - We can now say that June 23rd is a seminal moment in Great Britain’s history. The outcome of the referendum was unexpected and extraordinary. The weight of th...
  • June 2016 - It is likely that Britain will vote to Remain on the 23rd June, as the weight of vested interests will be supported by the status quo and the natural desire not to rock the boat! The entrepreneurial and adventurous spirit of Britain which has been waning for many years, will take a further beating....
  • February 2016 - We are in confusing times as the world’s economy adjusts from high to low commodity prices. This adjustment, however, will by the end of 2016 largely have been made and the outcome will be primarily...