Diversification remains best antidote to market uncertainty
GDP contracts by 1.4% in 2023 but inflation drops sharply over the year
The industry is facing challenges but they have been overplayed
Inflation up 11.1% in the 12 months to October and up 1% on September
UK CPI returned to double digits in September
Inflation ‘stomping all over portfolios’ but can be managed
CPI fell to 9.9% in August from 10.1% in July
Above expectations of 9.8%
Central bank raises rates to 1.75%