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!
To continue reading, subscribe today
and enjoy unlimited access to the following:
- Tips of the Week
- Funds coverage
- Weekly features on big investment themes
- Trading ideas
- Comprehensive companies coverage
- Economic analysis
The Editor
The growth gamble
Growth investing still requires a leap of faith, but it is no longer a gamble to believe that we are seeing the beginning of a technological revolution that will shake many industries to their core
John Hughman