I had booked my flights for a pre-Christmas visit to London before it was announced that there would be a General Election in the UK on December 12th. As such I find myself here on a highly significant day for the UK economy.

Look at Linked In or any corporate website and everything is about Climate Change, sustainability and ESG. There is no longer even any debate about the science, it has, according to the politicians at least, been ‘settled’ even though of course in real life, it has not.

November saw a lot of book squaring which created some aggressive sideways trading before both bonds and equities resumed their bull trends.