MJ Mad Dog

Tag: Brexit

  • Week 44 – December 28th 2020 – Week 2 of Tier 4 restrictions

    Finally Brexit is all done!! The time it took, was just crazy.

    MPs have overwhelmingly approved the UK’s post-Brexit trade deal with the EU in a parliamentary vote.

    A bill bringing the deal into UK law was backed by the Commons by 521 to 73 votes after Parliament was recalled.

    The majority of Labour MPs voted for the agreement after leader Sir Keir Starmer said a “thin deal was better than no deal”.

    The UK will sever its ties with the EU at 23.00 GMT on Thursday, four and a half years after the Brexit referendum.

    The House of Lords also passed the bill, which will now receive Royal Assent.

    Prime Minister Boris Johnson thanked MPs and peers for passing the bill, adding: “The destiny of this great country now resides firmly in our hands.”

    The agreement hammered out with Brussels over nine months sets out a new business and security relationship between the UK and its biggest trading partner.

  • Week 43 – December 21st 2020 – Week 1 of Tier 4 restrictions

    Finally!! An early Christmas present, well for me as I voted to leave. They obviously don’t want any other country to leave after this ridiculous long wait!!

    1,645 days after the UK voted to leave the EU, 328 days after we actually departed, the shape of our relationship with our nearest neighbours has been drawn and agreed – only days before the status quo will disappear.

    The deal that will determine how we do business with our biggest trading partner.

    The deal that both sides desperately wanted to achieve.

    But the deal that was not, even though political logic suggested it, inevitable.

  • Week 35 – October 26th 2020 – Week 32 of lockdown

    I was checking on my pension portfolio and was concern with the UK equities, was this down to Brexit.

    This was the response I received from my market financial advisor

    Global equities have been suffering over the last few weeks, as Covid cases rise across Europe and North America. The hopes for a further US stimulus package are dwindling ahead of the upcoming US elections. But all is not doom and gloom as we do not see a significant pull back in markets as existing stimulus measures remain in place.

    UK equities continue to underperform other markets as international investors shy away, given the uncertainty of the outcome of Brexit discussions. Also the UK FTSE100 has a high concentration of value stocks, in areas such as energy and financials, which are currently out of favour but history tells us that at some point there will be a mean reversion to value investing away from growth (IT companies) but when this happens remains unclear. We are currently 9.5% underweight to the UK market compared to the benchmark, with overweight positions to North America and Europe.

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