This Budget is big, both in the way it defines the government’s plans and the money it raises and spends. The key point is that it loosens fiscal policy relative to previous plans and is therefore...

Equities have held up well in the face of the sell-off in Treasuries over the past month, although they have struggled to break to new highs over the past couple of weeks. But we doubt that pattern...

The possibility of looser fiscal policy than previous planned in the upcoming UK Budget on 30th October suggests the risks to our forecast that the 10-year gilt yield will fall to 3.50% by end-2025...

We think a pick-up in global growth and the further inflation of a US equity bubble mean prospects for euro-zone equities are generally promising, despite sluggish economic growth in the region.