In my editorial last week I mentioned Labour’s plans for a programme of renationalisation should they get to power. One reader shares my concerns at the investment consequences of this policy, and has asked me whether he should dump any shares that may be exposed to this possibility. A 73-year-old retiree, he’s built up a portfolio of utilities and infrastructure investments to generate income and protect against inflation, a strategy we frequently see in the portfolio clinic. With Mr Corbyn now the bookies’ favourite to be the next prime minister after Theresa May, at four to one, it’s worth addressing this question. So much for not discussing politics!
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The Editor
Dry January
The Baltic Dry Index has slumped, which tells us that global economic activity is faltering. China is at the root of the slowdown
John Hughman