Labouring for growth: The divergent US and UK

Cazenove's Richard Jeffrey examines the key differences between the US and UK markets.

In one of those quirks of the business cycle, what was previously thought to be one of the weaknesses of the US economy may now prove to be one of its strengths. Conversely, an area that has been surprisingly resilient in the UK may now begin to undermine the recovery. While there may be a general perception the US and UK economies have followed similar paths during the past three years, in some respects they have displayed trends that, if not actually divergent, have been meaningfully different. The particular area in which this has been apparent and which may have ongoing relevance to ...