We Brits are a strange lot - constantly moaning about the weather, unreliable trains, the price of filling up our cars, and the ineffectiveness of politicians to undertake real economic reform.
Yet we have a major success story right under our noses that is often overlooked: the UK equity market. For example, how many of you have noticed the recent achievement of the UK becoming the second largest equity market in the world, still significantly behind the US but now ahead of Japan and worth more than that of Germany and France combined? What is even more remarkable is that this ascendancy to global second spot has been achieved despite the UK equity market trading on relatively low valuations. For example, analysis from Collins Stewart calculates the UK equity market is t...
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