Breaking all the rules

Both Labour and the Conservatives have made major announcements on their respective economic policies in the early days of the 2019 general election campaign. Much of this has centred on the fiscal rules that a Government led by either party would follow – essentially, how each party would account for its public spending and taxation plans. Both parties are proposing significant changes to the UK’s current framework for public spending over the next few years, but what are they and what do...

3 misconceptions about the 2019 general election

Although the contest to enter Number 10 is in its infancy, there are already a number of dominant narratives beginning to take shape – and perhaps mistakenly so. 'Boris Johnson is heading for a majority' Despite Jeremy Corbyn stating that Labour have been ready for an election ever since the last, the party has long given the impression it is running scared of an...

Weak pound and economic uncertainty: an opportunity for US investors?

With uncertainty over Brexit continuing to hit investor confidence and the “Pound on a rollercoaster” in the currency markets, there has been a noticeable slowdown in deal volume in the domestic M&A market whilst people wait for a resolution...

Capitalism Overthrown? : Understanding Labour’s economic policy

GK Strategy are delighted to announce the launch of our second Labour report, Capitalism Overthrown?: understanding Labour's economic policy. Click here to read Capitalism Overthrown?: understanding Labour's economic policy. Following on from our successful Labour report, What Would Jeremy Do?, in which we broadly looked at what...

Brexit makes understanding devolution in England more important than ever

Most discourse on Brexit and the future of the UK looks at how it could impact Scotland, Wales, and Northern Ireland. England is often overlooked in such analyses. Yet the UK's departure from the EU will have significant fiscal, policy, and political impacts for the largest, most populous UK nation. Devolution in England has been sporadic, to say the least. A total of 12 deals were agreed between government and regional authorities between 2014 and 2017 – but no further agreements have...

When government policy provides value creation opportunities

Across the spectrum of due diligence there is, understandably, a focus on risk identification and assessment. This is also true for political, policy and regulatory due diligence, with PE deal-teams interested in whether and how Brexit or a Corbyn government could pose risks to an asset’s business model or key markets. But private equity and their companies are increasingly interested in how political and regulatory changes can drive market opportunities. Our due diligence is moving away...

Europe and the supply of innovative medicines: why it matters

One of the standout features of the ‘no-deal’ Brexit debate has been the focus on the impact on supplies of medicines and medicinal products. This includes everything from chemical compounds and investigational medicinal products (IMPs) for clinical research through to short shelf-life medicines made on the continent. The debate has been a continuous battle between those outlining the possible impact on patients’ lives while struggling to quantify the extent of the impact. Some areas...

What we’ve learned from Labour conference

It’s safe to say this was a Labour party conference unlike any other, with more disruption and changes of schedule than a Southern rail service. Amidst the confusion and grumblings over the party’s Brexit position though, there was debate, innovative policies and a positivity that Labour will have a transformative manifesto capable of winning the next election. GK were on the ground at conference and our key takeaways from the South Coast are: The mood in the party is as...