UK economy hamstrung by govt debt and deficit

UK GROWTH

Oil leaks, proposed Australian mining taxes and the Prudential losing out over AIA remind us there are few near certainties in life.

Yet, one appears to be the world’s population will continue to grow in the coming decades, with this growth concentrated in emerging economies. An increasing population will require increasing amounts of energy and commodities, along with basic healthcare. It will also reach for higher standards of living, with an appetite for consumer goods, leisure and better healthcare. Hence we believe UK companies with well-established overseas operations and revenue streams, such as pharmaceuticals, telecommunications and energy (oil, gas and power) are very well placed to grow faster than the U...