Column: Bracing for UK economy's dark winter and beyond ✔️ Stratford Management Tokyo Japan

August 19, 2022
Posted by: Stratford Team
Category: Economy

Commuters walk over London Bridge during warm weather in London, Britain, June 17, 2022. REUTERS/Henry Nicholls

LONDON, Aug 19 (Reuters) – If Britain’s brewing economic storm looks like an outlier, UK markets have yet to reflect that fully – but investors may yet balk at the winter ahead.

Against the backdrop of a generally lousy year for most major markets and eye-popping inflation and recession forecasts, UK assets have held up better than you might think.

With the unenviable record of becoming the first G7 economy to see inflation top 10% amid the current global price spike, the Bank of England has already spooked everyone by forecasting a peak in the rate above 13% this autumn followed by the longest recession since the global financial crisis 14 years ago.

The country is still in a leadership hiatus and won’t have a new prime…

Column: Bracing for UK economy’s dark winter and beyond