Out but not down

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13 July 2016

Saunderson House200Suddenly the world, or at least the United Kingdom, feels like a different place. The ‘out’ verdict in the referendum has cost David Cameron his job and, while yesterday’s developments mean that Theresa May should be appointed prime minister imminently, uncertainty with regard to the timing of the UK’s exit from the EU and the shape of any trade deal with Europe that is put in its place, could well persist for many months.

Along with change at the top of the Conservative party, the referendum result looks likely to precipitate a change at the head of the Labour party with Jeremy Corbyn facing a leadership challenge.

Like the political backdrop, the economic outlook is now also much less certain. Despite this, stock markets have been fairly resilient.

We have taken the opportunity to reduce allocations to equities to ensure portfolios reflect the changed outlook.

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The LSB’s proposals for legislative reform: let’s be clear

Caroline Wallace LSB

The publication of the Legal Services Board’s vision for legislative reform of legal services regulation on 12 September has generated a healthy level of interest and debate. This can, on the surface, seem a somewhat dry subject. However, it has an impact not just on existing regulated practitioners, but also on providers of legal services more generally, as well as everyone who uses or benefits from an effective legal sector. And, let’s face it, that’s all of us.

October 25th, 2016