Many regions of the globe continue to experience some degree of economic growth, although this is now 'complicated' by a growing trend in protectionism - the practice of shielding a country's domestic industries from foreign competition by taxing imports, with US tariffs on steel being a prime example.
President Trump continues on his programme of 'making America great again' whilst China and Russia appear to be granting that their own leaders should now enjoy jobs for life... with Vladimir Putin and Xi Jinping displaying not dis-similar ambitions, via their attempts to restore the primacy of the State.
The reality is that there are social and political problems throughout Europe which make much of the political posturing over Brexit seem insignificant. It is therefore to be hoped that progress made thus far in stimulating growth does not fall victim to the cut and thrust of Brexit events.
In conclusion, we seem to have a template for yet further volatility this year and whilst still seeking out growth opportunities, we are also looking long and hard at various ways in which we might further reduce exposure to risk within your portfolio.
New ISA season approaches
As we head towards a new ISA season we should remind you that, although upon first death, an ISA can be passed between spouses or civil partners, upon on a second death it cannot be passed (tax free) to children or other beneficiaries.
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