David Coombs: Our 'abrupt turn' on UK equities

Deciding how best to ease the UK's coronavirus lockdown is proving as divisive as Brexit.

The arguments about how fast or slow to loosen restrictions are ostensibly 'guided by the science', as the government's mantra goes, although the debate is becoming highly politicised. Unfortunately, the handling of the lockdown has started to dent our optimism in the UK from an investment standpoint. This is not a political call, because deciding an asset allocation strategy on the whims of MPs would be highly inadvisable at best and disastrous at worst. Instead, we are being driven by the economic evidence, which is painting an increasingly bleak picture for the UK. The data s...