Could the clear vote against independence in Scotland help deliver a UK growth dividend? Bill O’Neill is head of the UK investment office at UBS Wealth Management, says Yes. Although we have a clear result in Scotland, market uncertainty has not been eliminated. As Scotland embarks on its devo-max journey, one risk has been removed, but we are still in a nebulous situation. Nevertheless, returning to business as usual [...]
Are investors underestimating the risks of the Scottish independence referendum? Bill O’Neill, head of the UK investment office at UBS Wealth Management, says Yes. So far, the independence debate has been black or white: union or separation. Yes, the market is anticipating a rejection, which would see a modestly positive reaction in sterling, gilts and equities. But investors need to consider the wider picture presented [...]
