Theresa May’s plan is the right one – The UK must seize the day

Theresa May's plan is the right one – The UK must seize the day By Filipe R Costa The IMF has just accepted it was wrong about the post-Brexit Armageddon predictions. After all, since the Brexit-vote the FTSE 100 is up 11%, the services sector has expanded at a faster rate, and the ONS ended up revising its estimates for GDP growth higher in the second quarter, to 0.7% from 0.6% previously. In the end, it was not an Armageddon, not even a small downturn. On the contrary, the economy seems to be in better shape than before and the IMF was even forced to revise its growth estimates for the UK to 1.8% this year, a figure that places the country at the top of the G7 leading industrial countries. However, the upgrade comes wrapped with a warning, as the IMF predicts postponed difficulties, which will likely materialise into lower growth in 2017. But, keeping that in mind, apart from the U.S., the IMF is predicting a decline in growth for all other G7 members – i.e. the UK is not alone. Contrary to the first predictions, there may be life outside the EU, in particular away from its austere view and eccentric monetary policy. The new UK Prime Minister, Theresa May, is determined to advance with the Brexit process, promising to trigger the Union's Article 50 by March 2017. But she is also determined to put an end to the massive over-reliance on monetary policy as an adjustment tool and revert to fiscal spending instead. Infrastructure spending is likely to rise, as Osborne's plan to balance the budget by 2020 has been completely scrapped… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 7,053.31, an increase of 53.35 points. The FTSE 250 fell 106.87 points to finish at 18,009.02. The FTSE All Share climbed 20.53 points to finish at 3,829.12. The FTSE AIM All Share ended the day at 827.09, up by 0.85 points. Shares in Vodafone (VOD) rose by 1.05p to 223.55p after the company announced that its subsidiary had acquired the rights to a number of spectrum ranges that will allow it to provide enhanced 4G coverage in Indian markets. The rights to the spectrum were bought at auction for INR 202.8 billion (£2.45 billion) and Vodafone will hold them for a 20 year period. The company had 69 million customers in the country at the end of June.  Don't miss our September issue! Click HERE to read. Pharmaceutical giant AstraZeneca (AZN) will divest its rights to market Rhinocort Aqua outside of the United States for $330 million (£265.1 million). The company said that the deal would let it focus its respiratory arm on Asthma and COPD treatments. The shares climbed 60p to 5,086p. AIM-listed technology project management firm Progility (PGY) saw its shares crash to 1.60p, a 39% drop, after the company lost £2.7 million after tax over the year ended 30th June. Management said that they would be focused on efficiency in the coming year and that changes to encourage this have already begun to take place. Monday's news today YouGov (YOU) will publish final results. Quote of the day "The unjustified swelling of the budgetary deficit and the accumulation of public debts are just as destructive as adventurous stock-jobbing." - Vladimir Putin Latest Stories Why Imperial Brands is the best bet for income investors By Robert Stephens Since the credit crunch, income investing has become more popular. This has been caused by falling interest rates, low bond yields and an opportunity cost from holding cash. Now that interest rates have fallen yet further, I believe that income investing will become even more important to many more investors…     Click Here To Read The Full Story Sterling's flash crash is just the beginning By Zak Mir On 4 October I asked the question whether the Pound is heading towards parity with the US dollar, something which even on Tuesday appeared to be scaremongering… Click Here To Read The Full Story Forbidden Technologies nears 'golden cross' buy signal By Zak Mir As the cliché goes, timing is everything when it comes to the stock market. This is underlined by the present technical set up at Forbidden Technologies… Click Here To Read The Full Story The UK's Brexit negotiating hand is stronger than you think By Victor Hill Don't tell ze Britisch but ve really need zem… In a recent reflection on what central bankers get up to when they meet together for some rest and recreation, I attempted to explain what TARGET2 is... Click Here To Read The Full Story Boohoo technicals target 140p by the end of next month By Zak Mir The great divide between online and High Street retailers continues, and is something which the revamped BHS is clearly trying to muscle in on. Meanwhile Boohoo.com goes from strength to strength.… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. 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