Why have UK markets shown resilience?

The cost-of-living crisis has added £400 to an average family’s spending according to Loughborough University research.

In addition, the Office for Budget Responsibility states that the long-term impact of Brexit will be worse for the UK economy than Covid-19 (reduction of potential GDP by 4% vs. 2%).

As such many investors would be forgiven for wondering why the FTSE 100 is the strongest performing developed market in the world YTD.

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