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Digital Subscriptions > Portfolio Adviser > Portfolio Adviser April 2017 > Economic summary

Economic summary

United Kingdom

• Theresa May began the Brexit process on the 29 March, while the SNP’s Nicola Sturgeon demanded a second Scottish independence vote.

• The Bank of England voted to hold rates at 0.25% but the decision was split, reflecting the mixed outlook on the UK’s growth prospects.

• Chancellor Philip Hammond’s debut Budget did not make much of a splash and his proposal for a national insurance rate hike for the selfemployed was dropped altogether after a week.

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About Portfolio Adviser

In light of the Standard Life/Aberdeen deal, we ask who is the next asset manager in line for M&A, and what this means for investors. We also consider why critics continue to take aim at absolute return, and discuss the best way to invest in property, trusts or open-ended funds.
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