This week's referendum on Scottish independence will herald a period of ‘extraordinary political and economic uncertainty' for the UK whatever the outcome, Neil Woodford has said.
With the vote increasingly looking too close to call, Woodford (pictured) said a fracturing of the UK's entire political landscape "is now probable" as the repercussions of either a ‘yes' or ‘no' vote on Thursday hit home. From an economic point of view, the manager of the Woodford Equity Income fund said the political changes will only accelerate and prolong a UK economic slowdown he believes has already begun. Woodford said a ‘yes' vote will also increase the likelihood of the remainder of the UK exiting the European Union. "I am of the view that the UK has already crossed a cons...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes