Wyn Thomas - Axys Investment Management

Weekly Market Update 11th September 2015

LABOUR PARTY TO DECIDE ON NEW LEADER

The week has been dominated by the Labour leadership election. Although we won’t know the result until Saturday, there is a strong chance the rank outsider turned front runner Jeremy Corbyn will emerge victorious. It probably doesn’t matter yet – the election is a long way off, the government will carry on as normal and someone with the same chance of being prime minister as Ed Miliband will be on the opposition bench. Still, the sudden popularity of a position that’s been out of vogue for thirty years is puzzling. Does it hint at a fundamental shift in the electorate or is it a reflection of how uninspiring the other candidates are? In any event it will at least be refreshing to see the focus on policy rather than the ability to eat a bacon sandwich. Read More….