It only seems like a couple of weeks ago, that I was putting fingers to keyboard, and commenting on the possible outcome of the General Election. Now we know, and what a surprise that was. Who would be a pollster?!

Now that we have a new Government we can get back to the business of living our lives, safe in the knowledge that the newly shuffled administration will take good care of us. Or possibly not. What we do know is that investment markets are happy to see a working majority Government, and are inclined to prefer one of the current colour. The FTSE100 shot up on the news, and has settled itself around the recent all-time high. I would expect it to consolidate, and then build upon these levels in the fullness of time. This said, there will be many opportunities for markets to take umbridge at the bits and pieces of bad news that will, almost certainly, be a feature of the first couple of years of this administration. It is often the way of new incumbents to get the nasty stuff dealt with early so there is plenty of time for the electorate to forget before the next election rolls up! Continue reading Who would have thought it? →