AJ Bell Money & Markets Tax hikes, M&S fights back, and why the robots are coming
Nov 7, 2025
Simon Edelsten, the Fund Manager of the Goshawk Global fund, sheds light on the fascinating world of robotics and factory automation. He discusses the evolution of robotics, from heavy industrial arms to more delicate tasks, highlighting the integration of AI as the 'brains' behind smarter robots. Edelsten also shares insights on picking winning investments in this sector and addresses the competitive landscape, including the influence of leading Japanese companies and the catch-up efforts of China. A must-listen for tech and investment enthusiasts!
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Pre-Budget Signal For Higher Taxes
- Rachel Reeves' pre-Budget speech was aimed at the public more than markets and signalled possible tax rises.
- Markets barely moved because she hinted at change without giving concrete measures.
Bond Market Reaction Was Mixed
- Gilt yields fell when the Chancellor began speaking, implying bond markets expected tax rises would help finances.
- Yields later rose as the speech lacked specifics, leaving borrowing costs only slightly lower by day's end.
How The Government Might Raise Revenue
- Possible tax moves include extended freezes of thresholds and small rises to income tax while avoiding VAT increases.
- One option is raising income tax but cutting national insurance to shift the tax burden across groups.
