Even though our prediction that Brexit would neither happen on 29 March nor 12 April has turned into reality, there seems little point in celebrating. Yes, the immediate threat of a cycle-ending shock event to the pan-European economy has been averted. However, the economic drag brought to the economy by this extension of uncertainty – continued deferment of business investment and potentially unnecessary worst-case preparations – has also simply been extended for six months. For the time being we are grateful that level-headedness has prevailed. This should help the UK economy to participate fully in the anticipated recovery of global trade volumes over the coming months – following the 2018 slump. On the other hand, the only way – or so it currently seems – to prevent the proponents of a ‘dirty break’ from the EU seizing power, may well lead to political instability as well. A confirmatory second referendum or a general election appears inevitable in order to break the deadlock in a parliament which of late is far less reflective of party politics and far more representative of a highly divided UK public.
Tatton Asset Management plc (LON:TAM), the investment management and IFA support services group, confirmed in August 2022 that, further to the announcement of the 20 April 2022, the Group completed the acquisition of 50% of the share capital