Is Britain Falling Behind?
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British stocks closed at an all-time high this week, but as exciting as a new all-time high might sound, the British stock market has been lagging US and European stocks since the Brexit referendum.
A recent report from Goldman Sachs says that the British economy is 5% smaller than it would have been had it remained in Europe.
The IMF last week listed the UK in its Fiscal Monitor publication as one of four large economies that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
In this week's video we ask what has gone wrong in the UK, and can it all be pinned on Brexit?
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Papers Mentioned In The Video:
Dimson Marsh & Staunton Global Investment Returns Yearbook: https://www.ubs.com/global/en/investm...
Broadberry & Irwin - Labor productivity In Britain & America During The 19th Century: https://www.nber.org/papers/w10364
Schroders - Six Charts on UK Equities: https://www.schroders.com/en-gb/uk/in...
Rathbones - The Non Patriotic Case For UK Equities: https://www.rathbones.com/knowledge-a...
Meghan Greene - Markets must stop comparing the UK and the US: https://www.ft.com/content/13579c61-5...
Robert Armstrong - UK stocks are not all that cheap: https://www.ft.com/content/80d7f1de-d...
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