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When should investors “buy British”?

As economies recover from the pandemic, investors may look to established UK companies with a track record in delivering current earnings

By Paul Wallace   June 2021

Photo: Ben Pipe / Alamy Stock Photo

For most of the past five years, both the British economy and stock market have been on the back foot. An outperforming economy became an underperforming one owing to the uncertainties generated by Brexit. Things got even worse: after the pandemic struck, GDP collapsed last year by almost 10 per cent—the worst outcome among the G7. Shares in British companies have correspondingly underperformed, trailing European and especially American equity markets. But could this year break the bad run? 

The outlook has brightened markedly since the start of January, when the second and bigger wave of Covid-19 was breaking…

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