Simon Hubbard, Senior Consultant at Quantum Advisory, comments on the impact that the financial industry has already seen since the Brexit result.
Simon said: Since June, there has already been a spike in UK inflation as the pound lost value against other global currencies, and an increase in expected longer-term inflation. This, Quantum Advisory senior consultant Simon Hubbard explains, “has caused greater uncertainty in financial markets, which has driven some investors to move into safer assets. The resulting fall in the yield available on UK gilts has added well over £100 billion to pension scheme liabilities.”
Read the full article here (pg 32)