UK investors have withdrawn a whopping £7.36 billion from equity funds between June and October, according to data company Calastone’s Fund Flow Index. The largest outflow since records began…
In October alone £3.63 billion was pulled from equities – the fifth consecutive month of withdrawals and the longest selling streak since 2016. Calastone’s Head of Global Markets Edward Glyn said:
“There’s growing concern about Rachel Reeves’s Budget and the potential tax implications. For some, it’s simply about crystallising capital gains before rates rise. We saw a sharp increase in selling this time last year and it looks like round two heading into 2026.”
Meanwhile Reeves has admitted that she will break Labour’s manifesto tax promises, with the “wealthy” being “part of the story”. ‘Going for growth’…
Speaking on Times Radio, former Home Secretary David Blunkett spoke about overdiagnosis of mental problems:
“Let’s distinguish those who are really severely mentally ill, diagnosed with things that require prolonged medical and diagnostic treatment. My wife and I talk about this a lot, because she’s a retired GP, about the fact that you can be sad without being ill. You can be momentarily depressed because your boyfriend or girlfriend’s just thrown you and you’re not mentally ill. You can even have mild issues, which can be dealt with with the right kind of support, but it doesn’t make you mentally ill. So we’ve got a real task, I think, to get the psychology, if you like, of this over. But there are things where you definitely need medical intervention, and there are other things where you need good friends, you need good connectivity, and you need a job.”