A quick Google search of the phrase "waste of time" brings up the following result from vocabulary.com: the devotion of time to a useless activity. Few could argue that the political events of the past week have been an exercise in productive use of time. Indeed, some would argue that the inherent contradictions in the promises of the Leave Campaign (pro-Brexit) were always bound to lead to this point but we digress. Indicative Parliamentary votes earlier this week did not re

[Please note: The Heritage Pay website is undergoing maintenance. So some historical pages in the Market Commentary section may not display properly.] So the Brexit "cliff-edge" date of 29th March has now been delayed. The EU has given the UK a bit more breathing space (to allow its internal domestic politics to play out) and reach an agreement on Brexit. The deadline has been pushed back to at least 12th April, as the result of a new timeline proposed at the EU leaders’ summ

[Please note: The Heritage Pay website is undergoing maintenance. So some historical pages in the Market Commentary section may not display properly.] Although markets now perceive a fall in the risk of a ‘no deal’ scenario, following last week’s Parliamentary votes, the ‘fog of Brexit’ has not completely disappeared. Combined with growing headwinds to the global economic outlook, it points to the Bank of England Monetary Policy Committee (Thu) keeping policy interest rates f