Peter Toogood: At times of crisis, there are no rules of engagement

The current economic model globally is broken

clock • 3 min read

A new bull market may be coming but, says Peter Toogood, it will be shaped very differently from the past and start from lower levels than this

As deeply uncomfortable as many of us collectively feel about the decision last Thursday, it should not come a shock to us. The assumption that globalisation, which involves the unfettered free movement of capital and labour, would not see a reaction from those left behind was naive, at best, and, at worst, downright careless. The UK population has just voted on the challenges created by globalisation. The neo-liberal model we have all been pursuing since the early 1980s is now under severe pressure. The basic model is one of unfettered capitalism, where capital moves freely to maximise ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read