Saunderson House investment bulletin – China: Fragile

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25 August 2015


Saunderson House200In this note, Saunderson House discuss what has caused the recent sell-off, how this impacts their current outlook and what it means for equity allocations.

See the full investment bulletin here.



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Court modernisation: Court Service spins response to NAO report

Roger Smith

After months of debate on the court modernisation programme led by Her Majesty’s Courts and Tribunals Service, we now have an authoritative analysis from the National Audit Office. HMCTS chief executive Susan Acland-Hood professed herself happy. The report was “helpful and constructive”. She was pleased that “the NAO acknowledges our ‘early progress’”. Her comments were more reflective of spin than the span of the NAO report. The NAO acknowledges the ambitious nature of the reform. But comments like “HMCTS’s change portfolio presents a very significant challenge” need minimal decoding to reveal a bit of concern.

May 17th, 2018