Strange New Conditions Demand We Consider the Best Way Forward Economic Strategy

Sunday HeraldApril 25, 2006

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Summary


FRIDAY evening saw the passing of a stock market milestone: the FTSE 100 index of leading shares hit 6132.7 its highest closing level since February 2001.

The peak performance underlines the fact that we are actually in a bull market, despite the oil price hovering around the dollars-73 a barrel level. It is useful to pause and take note, since a few years ago it would simply not have been imaginable that we could see lofty oil prices and high market levels at the same point in time.

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Strange New Conditions Demand We Consider the Best Way Forward Economic Strategy

It is all a timeous reminder of the very different market and economic conditions Britain faces today.

We report ...

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