Planning for a Corbyn Government
Discussion
Ok as things seem to be a bit rocky at the moment, what are people’s plans for their finances if JC gets into power?
I bought some Britannias in June, have bought a few more but unsure what else to do? Fill the safe with dollars?
I know at least one London bank is planning to move to Paris if he gets in.
I bought some Britannias in June, have bought a few more but unsure what else to do? Fill the safe with dollars?
I know at least one London bank is planning to move to Paris if he gets in.
My dog - Jarvis - will be renamed Chavez. This part I see going well.
Not sure investment-wise. With its high % of overseas earnings, UKX might exhibit natural hedge characteristics if GBP plummets faster than domestic equities...
De-risking the cuurency component may be important if you are using funds; I think it’s a good time to be working toward a balance of hedged and unhedged exposures.
It’s a good question. I will give it some more thought.
Not sure investment-wise. With its high % of overseas earnings, UKX might exhibit natural hedge characteristics if GBP plummets faster than domestic equities...
De-risking the cuurency component may be important if you are using funds; I think it’s a good time to be working toward a balance of hedged and unhedged exposures.
It’s a good question. I will give it some more thought.
As a landlord I'm really not looking forward to that dangerous fker getting into power.
Osborne's attack on the btl sector was bad enough but a corbyn led labour government is going to make a complete bks of everything, what appears to be a personal hatred of business will not attract the much needed post brexit business into the country.
I could sell up and move to Ireland as I have an Irish passport, but that's worst case scenario.
Students will rejoice, no more student debt. But no job prospects either, the very reason they went to uni and racked up the debt in the first place. Mind boggling stuff
Osborne's attack on the btl sector was bad enough but a corbyn led labour government is going to make a complete bks of everything, what appears to be a personal hatred of business will not attract the much needed post brexit business into the country.
I could sell up and move to Ireland as I have an Irish passport, but that's worst case scenario.
Students will rejoice, no more student debt. But no job prospects either, the very reason they went to uni and racked up the debt in the first place. Mind boggling stuff
I wouldn't worry too much, there's still a large part of the Labour party which is central leftist, so JC won't actually be able to pass anything too radical through parliament without huge swathes of his party rebelling and not backing key votes.
In terms of investment strategy, first and foremost use as much as your ISA allowance as you can each year, which you shoukd be doing anyway. Secondly, stick with internationally diversifed businesses, they aren't going to be particulalry effected by what happens in the UK.
In terms of investment strategy, first and foremost use as much as your ISA allowance as you can each year, which you shoukd be doing anyway. Secondly, stick with internationally diversifed businesses, they aren't going to be particulalry effected by what happens in the UK.
roadie said:
Brexit is the bigger issue.
How would that compare, to what has happened in quite a short time, after the political colour changed in Venezuela?
One example to look up, is the story of what happend at the General Motors car plant. It just stands abandoned now.
Edited by Jon39 on Wednesday 15th November 13:41
CaptainSensib1e said:
...so JC won't actually be able to pass anything too radical through parliament without huge swathes of his party rebelling and not backing key votes.
(ref ISAs) ........ they aren't going to be particulalry effected by what happens in the UK.
(ref ISAs) ........ they aren't going to be particulalry effected by what happens in the UK.
Do you think JC is just keeping the 'seat warm' for JM ?
What if there were ISAs in the 1970s. Tax on investment income then (someone please check) was not too far short of 100%.
The incentive then was not to work harder, many people decided to leave the UK.
Edited by Jon39 on Wednesday 15th November 13:44
Jon39 said:
CaptainSensib1e said:
...so JC won't actually be able to pass anything too radical through parliament without huge swathes of his party rebelling and not backing key votes.
(ref ISAs) ........ they aren't going to be particulalry effected by what happens in the UK.
(ref ISAs) ........ they aren't going to be particulalry effected by what happens in the UK.
Do you think JC is just keeping the 'seat warm' for JM ?
What if there were ISAs in the 1970s. Tax on investment income then (someone please check) was not too far short of 100%.
The incentive then was not to work harder, many people decided to leave the UK.
That won't be the case in post-Brexit Britain.
roadie said:
Brexit is the bigger issue.
Sorry but I don’t see it that way.When we have an opposition openly discussing capital controls in the event of a run on sterling or confiscating private companies.
Our non exec chairman was a director of a London based bank, he was one of those that the BBC talked about looking for office space in Paris, in Feb he was looking to take 20 or so jobs plus some support in case of a “bad brexit,” in June he was preparing to relocate the bank, leaving 20 or so symbolic staff here.
I am already quite diversified, I use an Old Mutual managed fund investing quite heavily in emerging markets.
What?
You mean there will be a:
- big fall in sterling
- major financial institutions will make plans to relocate to Europe
- external investment in our country will start to struggle
- our GDP will start to look shaky
- our credit rating would get downgraded
- inflation would rock up?
Jesus, is Corbyn already in power or has something else happened I missed???
You mean there will be a:
- big fall in sterling
- major financial institutions will make plans to relocate to Europe
- external investment in our country will start to struggle
- our GDP will start to look shaky
- our credit rating would get downgraded
- inflation would rock up?
Jesus, is Corbyn already in power or has something else happened I missed???
kurt535 said:
What?
You mean there will be a:
- big fall in sterling
- major financial institutions will make plans to relocate to Europe
- external investment in our country will start to struggle
- our GDP will start to look shaky
- our credit rating would get downgraded
- inflation would rock up?
Jesus, is Corbyn already in power or has something else happened I missed???
Yeah, at the minute we have a bit of a cold, post Corbyn it’s Ebola.You mean there will be a:
- big fall in sterling
- major financial institutions will make plans to relocate to Europe
- external investment in our country will start to struggle
- our GDP will start to look shaky
- our credit rating would get downgraded
- inflation would rock up?
Jesus, is Corbyn already in power or has something else happened I missed???
nikaiyo2 said:
roadie said:
Brexit is the bigger issue.
Sorry but I don’t see it that way.When we have an opposition openly discussing capital controls in the event of a run on sterling or confiscating private companies.
Our non exec chairman was a director of a London based bank, he was one of those that the BBC talked about looking for office space in Paris, in Feb he was looking to take 20 or so jobs plus some support in case of a “bad brexit,” in June he was preparing to relocate the bank, leaving 20 or so symbolic staff here.
I am already quite diversified, I use an Old Mutual managed fund investing quite heavily in emerging markets.
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