Beagles on reasons to be cheerful in 2011

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Clive Beagles, manager of the JOHCM UK Equity Income fund, paints an optimistic portrait of the forthcoming year.

For some sections of the media, reasons to be cheerful are rarer than an England Ashes victory in Australia. As the old adage goes, good news does not sell papers, but too many commentators overdid the economic doom-mongering last year, ignoring the evidence of a nascent private sector recovery and overplaying the importance of the public sector cuts. Scant attention was paid to the fastest private sector job creation in over 20 years, with more jobs created than are scheduled to be abolished in the public sector over the next three years. And from our own experience of talking to compan...

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