Insights
Economist Abroad: London is keeping calm and carrying on
This time around, our Chief Economist made a short stop in London, the home of the European private assets industry.
Economist Abroad: London is keeping calm and carrying on
November 8, 2024

Moonfare’s Chief Economist, Mike O’Sullivan, is travelling the world to bring you insights into each country’s unique economic landscape. His analysis covers macroeconomic trends, local market dynamics and implications for private investors.

Follow Mike right here on the Moonfare blog or through our LinkedIn account as he explores financial hubs around the world. Read also his previous note from Zurich.

London, 25.10.2024

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Macro Environment

I arrived in London as the financial community was gearing up for the first Labour budget in nearly fourteen years. Rachel Reeves, chancellor of the exchequer, has inherited a moribund, debt laden economy and the challenge is to produce a budget that doesn't upset bond markets but that supports investment in new technologies and infrastructure. 

Economist’s Observations

The architecture and skyline of the City in particular are changing, in a very stylish way. Tourism looks very strong and I enjoyed taking the Elizabeth Line across town. 

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Private Markets in the UK

London is the home of the European private assets industry, but there is arguably a long way to go, in terms of individual ownership of private equity and venture. This might change as the government is known to be studying the Canadian pension and investment model. 

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Important notice: This content is for informational purposes only. Moonfare does not provide investment advice. You should not construe any information or other material provided as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor. Past performance is not a reliable guide to future returns. Don’t invest unless you’re prepared to lose all the money you invest. Private equity is a high-risk investment and you are unlikely to be protected if something goes wrong. Subject to eligibility. Please see https://www.moonfare.com/disclaimers.
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