Worrying signs?

It is fair to say that we at Altor are worried about the effects of Brexit on the UK economy. This article suggests that there might be problems bubbling under anyway.

There are some very worrying signs of a potential debt bubble but this time in the car rather than housing sector. If the CCJ numbers are a sign of anything then they indicate that consumers in the U.K. might already be struggling to manage their debt. This will be exacerbated by any interest rate rises, cost of living rises and the current Sterling currency weakness.

Now is perhaps a good time to diversify away from investments linked to the U.K. economy. Not an easy task given most U.K. fund managers’ obsession with all assets U.K. based.

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