Experts advising Pension Funds have become like SAGE advising the UK government. Using historic computer based models based around some simple prior relationships, they make predictions on which they base their policy advice.

As the second in our series on Build Britain back Better (the first was on Reform of the House of Lords and improving Regional Government, see here) we look at Reforming the BBC. Specifically the opportunity to use the BBC as a public good for the Good of the Public.

Following the powerful bounce from the March 2020 lows and the strength of the Santa Claus rallies at the end of the year, it was perhaps not too surprising to see some backing-off from the major equity indices towards the end of January, not least as many investors and asset allocators will be reviewing the likely very strong fiscal year returns due for the year to end March, given the timing of the market lows.

So Punxsutawney Phil saw his own shadow but then went back into lockdown, which means (to no-one’s surprise) another six weeks of lockdown and mask wearing. Frankly he is as informed as any of the other government ‘experts’ on this.