It’s been a dismally wet July here in London. About 50% more rainfall than normal (which, before ye scoff, isn’t that much – London is a fairly dry city – drier than Rome and much drier than Sydney). It has been long trousers weather, for the first time in several years. But at least the evenings have been long.
I’ve managed to spend a bit of time on the south coast. Over in Dorset and even getting over to the Isle of Wight.
The political weather has changed considerably too. We had three Tory by-elections, with each won by a different party – i.e. the Tories lost two out of the three. But the big news has been the one, Uxbridge (the former PM Johnson’s former constituency), on the north west of London that the Tories hung on to by a whisker. Their “success” was attributed to their exploitation of Uxbridge disaffection with the impending expansion of the low emission zone (a scheme introduced by, erm, Johnson when is was Mayor of London) to include Uxbridge. This supposedly signals the high water mark for Net Zero political consensus in the UK.
Continue reading “July ’23: Markets up, Coutts down”
FIRE v London 