Breaking with recent tradition on a number of fronts, yesterday afternoon saw Spreadsheet Phil's third Budget as Chancellor. It was as politically motivated as ever, perhaps no surprise as we are now just 3,613 hours away from Brexit. We have been relatively cynical recently about the Treasury's ability to formulate substantial and impactful changes when the Government's resources are so heavily devoted...
Please find enclosed our hot-off-the-press summary of this afternoon's Budget. As with the Spring Budget before it, and the Autumn Statement before that, this (new) Autumn Budget was another damp squib, in our opinion. HM Treasury still clearly has its mind on more important matters, and there was therefore little in terms of substantive change. On the subject of changes to...
As the price of one Bitcoin soared past $7,000 yesterday evening, we thought we should dig out the following article from of the archives (originally posted in December 2013) to maintain some perspective. It is our slightly contrarian approach to asset bubbles: The Six Rules of Asset Bubbles Asset bubbles are highly topical at the moment with bubbles supposedly developing in London...