UK equity markets are struggling as the Labour government's negative economic portrayal has dampened investor interest, leading to significant fund withdrawals in September.
Chancellor Rachel Reeves highlighted the inherited economic challenges, stating they have the worst conditions since WWII, with a £22 billion "black hole" in finances from the previous government.
Edward Glyn of Calastone pointed out that the government's pessimistic perspectives have hindered the recovery seen in UK equities, indicating that investors are shying away.
Recent data shows a severe decline in consumer confidence and manufacturing optimism, further complicating the economic outlook and influencing investment trends.
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