Protecting clients against political uncertainty and back-tracking

'We live in an era of increasing fiscal instability'

clock • 4 min read

James Johnsen asks and answers: What can private investors do to combat fiscal instability?

We live in an era of increasing fiscal instability where governments and chancellors change tack or U-turn with alarming regularity. While chancellor Jeremy Hunt is busy unravelling Kwasi Kwarteng's reckless ‘fiscal event', and has delayed his own Medium Term Fiscal Plan by two weeks (originally due 31 October), he precedes several other No. 11 incumbents in recent history who have sown confusion. There was ‘Spreadsheet Phil' Hammond's U-turn on National Insurance rises on the self-employed in 2017, and George Osborne's ‘omnishambles' 2012 budget, which included the notorious ‘pasty t...

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