Are investors right to buy British for better times after lockdown and Brexit?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 8 January 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy new year, happy new lockdown.

2021 has seen off 2020, but schools and large chunks of the economy have shut down again and people have been ordered to stay at home, as across the UK the nations adopt their own version of lockdown.

It’s probably been the gloomiest start to a year for as long as many can remember and a tough winter for people, businesses and the economy lies ahead.

So what happened? The UK stock market jumped, of course.

Contrary as this may seem, there is some logic to investors buying into the hope that better times lie ahead.

We have Covid-19 vaccines being rolled out that will hopefully make this national lockdown the last people have to endure – and we also have a Brexit deal.

On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what the fresh lockdown means for the economy and why investors are choosing to look straight through it and develop a new appetite for buying British.

Are UK shares undervalued and a great opportunity for 2021 and beyond – and will a strong consumer rebound once the economy is reopened prove the catalyst the FTSE needs?

The team also discuss the potential implications of the Brexit deal for people’s finances and businesses.

Meanwhile, the FTSE 100’s gains may have been substantial for a week on the stock market, but they are nothing compared to bitcoin’s continuing rise. The cryptocurrency cracked $40,000 this week: what’s going on, are people making real money out of this, and is there any idea what could happen next?

Also, on this week’s podcast, the team talk moving home and getting your property looking attractive for a sale and with everyone stuck at home again, how to improve your wifi.

Transcript

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0:00.0	Welcome to This Is Money podcast. I'm Georgie Frost and alongside me and editor Simon Lambert.
0:04.4	Today is assistant editor Lee Boyce. And coming up, lockdown three, the worst sequel ever.
0:11.4	The situation in hospitals, homes and for businesses is grim. So why are UK shares rising?
0:17.0	Meanwhile, Bitcoin's gone bananas. We've also brexited since we were all last together, but how's it impacting on our finances?
0:25.6	Now, despite lockdown, the housing market is staying open again with some tips if you are planning to sell.
0:30.8	Plus, as we are all stuck at home, we've solved some of the most common internet problems for you.
0:36.9	Well, we didn't, but experts that
0:39.5	This Is Money spoke to have and we'll tell you what they said. And don't forget,
0:44.0	and to up to date with all the latest breaking money news, just go to this ismoney.com.uk
0:47.7	or download the app. But first, here we go again. Amid rising cases in hospitals,
0:59.0	the Prime Minister imposed a third lockdown in England with similar restrictions in place across the UK. While the vaccine rollout continues a pace, we can expect to be confined to our homes until at least mid-February.
1:06.0	Businesses got more grants, but so far that's it for financial support measures, although we have been reading
1:11.7	that perhaps some of those who missed out before may get some money, may, may, may.
1:18.0	We don't need to go into the whys and wherefores of all of this, but what I do want to focus on,
1:22.9	because I'm sure we will come back to that at some stage, many stages in the future,
1:26.6	and what I do want to focus on is what you've focused on in your column, Simon, this week, is what's going on
1:32.0	with the UK shares? And the bounce, Simon, what is going on? Well, what's going on is your
1:38.9	classic counterintuitive stock market movement in a week that I think is the most depressing since,
1:46.4	ooh, maybe the one, two weeks ago. We have started 2021 with another kick in the teeth.
1:54.1	The nation has backed itself into a corner where the cases are rising, the hospitalisations
2:00.4	are going up by so much,
2:02.4	that we need another lockdown and the government has done what it promised it wouldn't do
	...

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