Home team: What's in store for UK investors

We have been advocating the case for UK equities for about a year now, suggesting a conspicuous shift in monetary policy would engender an improving domestic macro environment. We contended that early rhetoric from incoming governor Mark Carney signalled a more proactive stance from the Bank of England (BoE), shifting from a narrow focus on inflation to a broader growth agenda. This, we argued, would be achieved in part by the introduction of a new target measure of economic expansion, the aim being to persuade households and businesses, consumers and investors that interest rates wou...