In years to come economists may well reflect on the past decade of British political history as the period where the UK lost a hold on the relative stability that enabled it to make progress from the early 1980s through to the EU Referendum in 2016. The decade that has followed has offered us up seven different leaders. The only other G7 nation that previously hit a record like that was the Japanese, and they have mended their ways.

Our parent company, Atlantic House, has successfully reached an agreement to be acquired by WisdomTree. The transaction, which is subject to regulatory approval, is expected to be completed by Q2 2026.

There can be no doubt that this is a profoundly dangerous moment for the world. The risk that the current conflict in the Middle East becomes an entrenched war that could undermine global economic growth is very real.