Following the election of a majority Conservative Government in May 2015, which surprised many commentators (and perhaps even some politicians), the Chancellor has announced an “emergency” Budget for 8 July 2015.
Despite the increasing concerns of a Greek default and the additional volatility this has brought to most world markets, we believe that there is more global bloom than gloom; this note explains why current portfolio allocations should be maintained with company shares and commercial property predominating over cash and bonds.
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