Biotech And UK Shine - France Wobbles – Tax Help
30Oct2026
John Healey's first Budget was reassuringly dull, but it did little to answer the bigger questions about government over-spending or long-term growth. France offers a rather uncomfortable glimpse of what can happen when those questions are avoided for too long. Meanwhile, the headline US stock market still looks remarkably resilient, but beneath it the average share has already taken a considerable beating, while the financial strain underlying the AI spending boom is becoming much easier to see. We still cannot predict the turn. We can, however, have a decent idea where we are. READ ON...
By Brian Dennehy
Access Level | public
Market commentary