I make no apology in returning to the subject of the rush of investment out of the London stock market for the second day running.
It is one of the biggest, yet most under-reported, challenges facing UK policy makers as they attempt to get the British economy moving again.
Today we report on our news pages that Coutts, a blue blooded bank with royal connections going back more than 300 years, is to drastically reduce its fund’s exposure to UK equities and bonds from around 20% to a typical 3% or 4%.
Coutts chief investment officer Fahad Kamal is refreshingly frank in his assessment, pointing out that the British market has not really moved on in 100 years, while the US exchanges are full of companies “not…
