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Rishi Sunak’s Spending Review this week was a bit like watching a nice friendly generous Hobbit realising that he was destined to play with Orcs for a very long time to come.
I have had the most MARVELLOUS week. The first power cut (from Monday night to 3pm Tuesday) made working from home…..fun! And the second one from 5pm to 10pm Wednesday was even better! This is all part of some huge conspiracy plan to turn us all into some grotesque post-modern Smeagols, dribbling with pleasure when Master gives us a working light bulb, a computer and the children still in school. Tired I am, dark it is, utterly pissed off I am, but Master gave me light and schools, lucky Smeagol! Precious!
Ahem….right. Now that’s out of my system let’s get on with the show!
Rishi Sunak’s Spending Review this week was a bit like watching a nice friendly generous Hobbit realising that he was destined to play with Orcs for a very long time to come. “Our health emergency is not yet over. And our economic emergency has only just begun.” Oh terrific. Ease us in gently, why don’t you.
Here are some headlines:
Like all of us, Rishi couldn’t actually bring himself to talk about Brexit because he too would have to lie down, foaming at the mouth and reaching for the gin.
The next step on our journey takes us from Westminster to the City. It’s a mixed bag, but there are jollier messages to be found.
Don’t take those as recommendations – I’m just making the point that these are markets in which some sectors, regions and themes are having their day in the sun. Whilst others feel the broader chill of Winter……! But of course investing is seasonal too so there’s little point in all racing to buy gloves in March.
Have a good weekend everyone. Hang on in there. Winter is coming but so is Spring. Time to channel our inner Hobbits. “Even the smallest person can change the course of the future”.
Holly
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