Three things your clients may call you about this week …

British shares have only been cheaper in the world wars Only during the two world wars in the first half of the 20th century have British shares been cheaper than they are now, according to this Telegraph article. This is on the basis of a metric known as the ‘yield gap', which is the difference between the dividend yield on the FTSE All-Share and the yield available from gilts. Research from bank Citigroup says the gap is currently at 2.2 percentage points and the metric has generally been on the up since 2013 with a small peak of 2.4 percentage points in 2017. "The UK has underperfor...