Hobson: UK Economy Catches Up With Europe

THE WEEK: Morningstar columnist Rodney Hobson says the London stock market offers global opportunities despite tepid UK and EU growth

Rodney Hobson 10 August, 2018 | 1:53PM
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UK commuters

Since the bad weather in March was blamed for poor first quarter growth figures in the UK, and the warm June weather helped to boost second quarter growth to 0.4%, it looks best to consider the first half as a whole and average out at 0.3% a quarter. No doubt some work that got snowed under in March was tipped over into April and May.

The Office for National Statistics points out that growth has been on a slowing trend since the end of 2014. Half of that period was before the referendum and half after, so I don’t buy into the notion that Brexit uncertainty is the one and only driver.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
PageGroup PLC620.00 GBX0.00
Prudential PLC1,336.50 GBX-2.20Rating

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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