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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.