Well this seems to fail the common sense test. Story was included in @mattlevine.bsky.social newsletter, and will no doubt be picked up on as employment law gone crazy, just when the government is trying to get a workers rights bill through parliament. UK really not doing itself any favours here.

Slightly different post this week where I talk to a good friend in investor relations about what the death of the sell side analyst business means for companies, and whether social media can help fill the research void.
#equityresearch

BMW pauses £600mn investment plan to produce electric Minis in Oxford

https://www.ft.com/content/b04ab5f7-807b-47c5-a01c-455aa5d36a57

In Britain, a Fight Over a Film Studio Becomes a Test for the Economy www.nytimes.com/2025/02/23/b...

Starting writing this back when steel and aluminum tariffs were the main headline. Feels like a lifetime ago now.

Not a great headline for the UK in today’s WSJ. I think the piece is grossly unfair but it’s worrying how easily Labour are losing control of the narrative on all these issues. Love to hear @alastaircampbell2.bsky.social views on how the UK can combat this. @therestpolitics.bsky.social

If today ends with tariffs - purportedly needed because of drug smuggling and illegal immigration - placed on Canada but not Mexico then I will be very confused.

Siding with Boaz Weinstein and co on this one…

PIMCO arguing that UK rates have further to fall than markets expect. Terminal rate of 2-3% vs 4% ish priced in today. My only nagging concern is that the BOE will remain too caught up in inflation credibility for too long (because I’ve never had confidence in Andrew Bailey’s reading of markets).

I know, US equities have looked expensive for years, and keep roaring ahead anyway. You can tell a tale of earnings growth and AI productivity. But the US looks really really expensive today - not just stocks but credit spreads at lows. Plus there’s hubris in the air. All that makes me nervous.

Latest post on a reason for higher growth rates in the US vs Europe that I think sometimes gets overlooked

Recent post summarising the research on 200 years of stock market returns and how the UK compares to the US.

I'm going A to Z through the FTSE 250 to identify hidden gems in the UK's mid market index. No detailed financials or valuations yet. Just a no nonsense, unbiased, brief take on each company.
#ukfinance #ukinvesting #ukstocks #ukstocksandshares #ftse250 #stockideas

Hello Bluesky. I'm a former UK civil servant with 10+ years experience in finance and investment management. I'll be posting on UK economics, policy and investing. If you're interested in any of that, give me a follow!
#ukfinance #ukinvesting #ukpolicy #ukeconomics #uk