Risk premium raised in UK by 'delusional politicians': businesses
BOE, ECB likely to continue pumping money into system via quantitative easing to counter possible slide in markets
London
DISENCHANTED business people and asset managers fear that "delusional politicians" have raised the risk premium of the UK and European economies and markets.
Such are the concerns that several analysts believe that the Bank of England and European Central Bank will continue to pump money into the system via quantitative easing to counter a possible slide. The consequence has already been sterling and euro weakness.
So far, domestic UK equities have fallen slightly. The FTSE 100 index is only 2 per cent below its 2017 peak as multinational and exporter constituents benefit from a lower pound. The fear of asset managers is that declines could be deeper.
Prime Minister Theresa May's weak minority government will struggle to govern. It is now propped up by Northern Ireland's unpopular right wing, …
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