Autumn Statement: “Compared to seismic shock of Brexit, Autumn Statement will have little impact on markets”

by | Nov 23, 2016

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James Klempster, Head of Investment Management Momentum UK: 

“Given that the seismic shock of Brexit and its destabilising effect was felt just a few months ago, today’s Autumn Statement is likely to be a relatively minor affair in comparison, with a modest impact on the markets. The Chancellor’s new initiatives may cause a little noise here and there, but their ultimate influence on investments in UK assets is generally pretty limited.

“In fact, we may actually see a calming effect, thanks to an increased level of certainty following the speech. But if there is a more substantial impact, this will be welcomed by long term investors, with heightened volatility presenting opportunities to add positions in asset classes at discounted prices.”

 

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