Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry. For a taster of this week’s article please continue to read..
RISING ECONOMY, RATES & STERLING – Read the full article here!
So when should rates rise? Some would say that they already have if you look at some of the charges and fees you have to pay on certain facilities. However, the question remains when the Monetary Policy Committee should raise the Base Rate from this record low level.
Last week’s encouraging growth figures would imply that action should likely be taken sooner rather than later. In fact such a move could be regarded as a badge of success and not necessarily the precursor of the next downturn.
Given the proximity of a general election (2015 is not too far ahead) it is obviously going to be a very sensitive subject. Now of course that decision is made by the independent MPC at the Bank of England, but you do have to wonder sometimes just how really independent they are. After all who selected the external members, approved the internal ones and, come to that, recruited the Governor? The paw prints of HM Treasury will be clearly seen by even the most amateur of Poirots.
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