I have been negative on Britain for a decade - and with good reason. The British economy was over-dependent on financial services, and government spending - at greater than 50% of gross domestic product (GDP) - was out of control.
However, the new government that took office in May has prompted me to reconsider my investment viewpoint. The new coalition has made progress on both of these once-worrisome issues.
And that means the British market is now one that investors should very carefully consider.
Let me explain...
British General Election
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Four Ways to Profit From Britain's Surprising Post-Election Rebound
Could the British General Election's 'Hung Parliament' Lead to a Resurgent U.K. Economy?
In the depths of the Depression-ridden 1930s, two years after a British General Election that yielded a "hung parliament" - came the formation of a coalition government that resulted in one of the strongest decades the British economy has ever enjoyed.
Seventy-nine years later, in the throes of another global downturn - with another "hung parliament" and yesterday's (Tuesday's) resignation of Britain's prime minister paving the way - could history be repeating itself?
Seventy-nine years later, in the throes of another global downturn - with another "hung parliament" and yesterday's (Tuesday's) resignation of Britain's prime minister paving the way - could history be repeating itself?
To find out how Britain's election results could nurture an economic rebound, please read on...
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