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Searching for consistency in a climate of uncertainty

Unpredictable politics make it hard for businesses to plan their financial strategies, writes Richard Le Tocq

6 December 2016

Recent years have been defined by uncertainty and instability across the western world. In the UK, Brexit has greatly contributed to this current state of unease, with both the EU and Theresa May’s government struggling to assuage the situation.

More broadly, European economies have been sluggish in recent years, with public finances impacted by high levels of public debt and unsustainable deficits. The political situation is also cause for concern, with populist anti-establishment figures close to power in many national and regional governments.

Whereas the major jurisdictions of the western hemisphere used to be regarded as stable markets, untenable public finances and unpredictable politics have made it increasingly difficult for businesses to plan their financial strategies. Nowhere has this been more the case than post-Brexit Britain. While the prospect of heavy t...

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