The recent tax rises have only supplied enough revenue to meet current demands. There is nothing there to fund the myriad promises made by the government. Labour have dug themselves an enormous pre-election hole by promising not to raise so many personal taxes. New revenue has to be raised, and it can only come the corporate sector, or by straining the assets of the retired or wealthy. My guess is a hit to the likes of banks and insurers. In any case, we have an underlying uncertainty that could last this entire parliament. UK markets are probably not the place to be. (FWIW a couple of years ago I set "sell everything and go and live in a cave" limits on the US indices. The NASDAQ hit 18000 in late June, and the Dow hit 44,000 today, and the S&P 6,000. I am getting the helmet out of the shed!)
Not sure where I heard it but I think there’s a rumour that Moncler are sniffing round Burberry. The way I heard it was Moncler declined to comment rather than deny it so smoke is there, doesn’t mean fire follows but they make more sense as a buyer than LVMH, IMO
Thanks Richard. Very interesting read. The strength of the S&P has driven #VUAG which is where I parked cash before the budget. It has flown since the election result. As the FTSE 250 chart looks so vunerable I am tempted to lrave it there. Did peak at #CMCX for old time's sake but the recent update left the market cold and despite half-year results soon the share is dormant. Nice looking chart though. All the best.
I don't think that SIPPs are immune to the IHT raid already despite them being written in trust - although the change doesn't come into force until 2027.
yep, with the £ falling and the US markets strong, I think a lot of UK money is in the US. Will be interesting when some results here emerge.
Well she's had all the other balls I've got so why not? :-)
yep, many taking their 25% now before it's sprung on them.
https://www.dailymail.co.uk/news/article-14063573/British-fashion-house-Burberry-set-takeover-Milan-skiwear-giant.html
rumours re a bid approach for #BRBY in The Mail this weekend - we will see
Cheers, I hadn't seen that in all the budget stuff and US election going on.
Fingers crossed then!
BUR chart looks a bowl but it's a sector I don't really like being in - but thanks for highlighting it. Don't let me put you off
I am watching but the Rolex prices are still falling, which makes me cautious
Yes, I plucked LVMH out of the air, but of that ilk.
Where better to buy than when the shears are on the floor and interest rates are falling and thins perhaps stabilising?
LVMH was actually a good guess, they appear to have prompted Moncler into action:
https://www.theguardian.com/business/2024/nov/04/burberry-shares-moncler-bid-lvmh
Action with consequence or without, time will tell...
Agree - they will hit the wealthy with a wealth tax too down the line imo
The recent tax rises have only supplied enough revenue to meet current demands. There is nothing there to fund the myriad promises made by the government. Labour have dug themselves an enormous pre-election hole by promising not to raise so many personal taxes. New revenue has to be raised, and it can only come the corporate sector, or by straining the assets of the retired or wealthy. My guess is a hit to the likes of banks and insurers. In any case, we have an underlying uncertainty that could last this entire parliament. UK markets are probably not the place to be. (FWIW a couple of years ago I set "sell everything and go and live in a cave" limits on the US indices. The NASDAQ hit 18000 in late June, and the Dow hit 44,000 today, and the S&P 6,000. I am getting the helmet out of the shed!)
WOSG potential to bowl CR
BUR also showed up on my bowling screen Richard
Fantastic call on #IAG Richard. If your'e not careful Rachel Reeves will tax your crystal ball.
Not sure where I heard it but I think there’s a rumour that Moncler are sniffing round Burberry. The way I heard it was Moncler declined to comment rather than deny it so smoke is there, doesn’t mean fire follows but they make more sense as a buyer than LVMH, IMO
Thanks Richard. Very interesting read. The strength of the S&P has driven #VUAG which is where I parked cash before the budget. It has flown since the election result. As the FTSE 250 chart looks so vunerable I am tempted to lrave it there. Did peak at #CMCX for old time's sake but the recent update left the market cold and despite half-year results soon the share is dormant. Nice looking chart though. All the best.
I don't think that SIPPs are immune to the IHT raid already despite them being written in trust - although the change doesn't come into force until 2027.