Merryn Talks Money The Lights Are Flashing Red for America --And Amber for the UK
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Nov 27, 2024 A lively discussion uncovers the high valuations of US companies and the skepticism around their future profits. The UK's unappealing investment climate is also examined, despite the market being relatively inexpensive. Insights into the car finance scandal suggest potential, unnoticed repercussions for consumers and the financial sector. The impact of regulatory changes on UK consumer credit and the challenges that could arise from recent legal cases are explored. Meanwhile, the unpredictability of government policies continues to shape both markets.
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Car Finance Scandal
- The car finance scandal, discussed in a previous podcast, resembles the PPI mis-selling scandal.
- It started small but could expand, impacting credit providers and potentially leading to overzealous regulation.
Potential Payouts
- Many people might receive payouts from the car finance scandal.
- This could boost consumer spending, potentially offsetting negative impacts of recent economic policies.
UK Market Uncertainty
- The UK market's cheapness was attributed to political and economic uncertainty.
- However, the new government hasn't inspired confidence, leaving the market's future uncertain.