THATCHER’S MISTAKE.

This article discusses the poor performance of the London Stock Exchange compared to other major stock markets and its reflection of Britain's current challenges. Since the Brexit referendum in 2016, the FTSE 100 has only increased by 25%, while other markets have seen higher growth. This decline ha...

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Detalles Bibliográficos
Publicado en:Prospect no. 330; pp. 58 - 62
Autor principal: Nixon, Simon
Formato: Artículo
Publicado: Prospect Publishing Limited Aug/Sep2024
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:This article discusses the poor performance of the London Stock Exchange compared to other major stock markets and its reflection of Britain's current challenges. Since the Brexit referendum in 2016, the FTSE 100 has only increased by 25%, while other markets have seen higher growth. This decline has led to companies moving their listings to other countries and a decrease in new listings. The article attributes the poor performance to factors such as political instability, regulatory burdens, and the historical development of shareholder capitalism in Britain. It also explores the impact of Margaret Thatcher's economic reforms and suggests that the government needs to address weak productivity and low investment rates.