Wild horses – Weekly update by St. James’s Place Wealth Management

St. James’s Place Wealth Management (SJP) is a FTSE 250 company with £30.9bn of client funds under management. Through a dedicated network of advisers, the partnership, they offer face-to-face wealth management advice, which is tailored to meet individual circumstances.

Investors in Excellence is a customer of SJP and we are delighted to share the weekly market update which we find most valuable.

Wild horses – Read the full weekly update here

Bank of England governor Mark Carney at the weekend addressed the UK economy’s ‘wild horse’ – the housing market boom. Carney dispensed some of his Canadian West straight talk when he identified the “deep, deep structural problems” of the UK property market as the “biggest risk” to the economic recovery. His comments come as the Bank’s Financial Policy Committee prepares to unveil next month how it will rein in the housing boom, following its Inflation Report last week that deemed the recovery on track but in need of more support from loose monetary policy. Carney’s clear message is that he intends to keep interest rates as a “last line of defence”, and on hold, as he uses other measures to tame the housing market and the UK economic recovery sets in.

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