Abbey - Analysts shouldn't look back

Kelly said there was undeniably a case of reliving in 2007 the economic conditions of 1990 but insisted there was a point where the analogy ran out of steam. “At first glance, there are many similarities between today and the turn of the 1990s," he said. "Similar stock market returns, sustained house price growth and strong City and Financial performance are common to both periods. Equally, the political environment, with the impending exit of a long serving prime minister is remarkably similar. "It is understandable if people are wary that, given the similarities, we could face a...