Richard Buxton

Britain: you’ve been placed on hold

<strong><em>Richard Buxton</em></strong><em>, head of UK equities at Merian Global Investors and manager of the Merian UK Alpha Fund, weighs up the implications of Budget 2018 for UK companies and the broader economy.</em>

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After the Office for Budget Responsibility’s assessment of the Budget was published on Wednesday, the cost of government borrowing started to rise. Yesterday, those costs hit their highest levels this year, with the 10-year gilt yield peaking just over 4.5 per cent and the five-year gilt yield exceeding 4.4 per cent, before settling slightly by

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