
While not wanting to be as negative as other industry voices, it’s worth facing the music head-on when it comes to the problems facing the UK market.
The performance of the UK stock market, especially when compared to our counterparts across the Atlantic, reflects the current and future issues facing the UK financial system. Reading the numerous comments over the last 12 months, it seems that many didn’t see de-equitisation coming, which is a bit like not seeing the train lights coming down the tunnel.