This month’s UK general election result was an unmitigated disaster for the Conservative party. Indeed, it is hard to envisage a messier outcome. Weak and wobbly is the new strong and stable. Having failed miserably to deliver her campaign soundbite, Theresa May would typically have been expected to resign, as her predecessor, David Cameron, did after his unsuccessful attempt to secure a Remain victory in last year’s EU referendum. However, May has displayed the tenacity of a pitbull[1] in holding on to the keys of number 10 Downing Street, and her backbenchers, well-known for their ruthlessness in getting rid of

In this podcast, Keith Wade summarises a “remarkable” year from a macro-economic perspective and outlines how we might make sense of these events. He also reviews the potential market impacts of the US election results and outlines what investors should consider heading into 2017. Following his panel appearance at the recent Lipper Alpha Expert Forum in London, Keith Wade, Chief Economist at Schroders, sits down with Jake Moeller, Head of Lipper UK & Ireland Research Refinitiv on November 16, 2016. About Keith Wade Keith Wade is Schroders’ Chief Economist based in London. He leads the economics team at Schroders and

With the U.S. presidential election well under way, tax reform is an increasingly prominent topic in the news. The trend of companies using tax inversions to re-domicile outside of the U.S. has caused increased scrutiny of the practice and the factors underlying the popularity of the move. The United States has the highest corporate tax rate in the developed world at 35 percent. Candidates from both parties have proposed different measures for preventing inversions, from exit taxes to changing the tax rate domestically. Several leading presidential candidates have proposed lowering taxes for businesses to prevent future inversions and incentivize companies