Advisers hope Sunak will stabilise markets and have positive effect on health and protection sectors, check out the full article here
Miles Robinson, owner of Home Group Financial, told Health & Protection that Sunak’s appointment has given him confidence that someone with his background and experience has moved into Number 10 during the volatile times
“What we have seen over the last few weeks with Liz Truss and former chancellor Kwasi Kwarteng, they put us in this hole so quickly,” Robinson said.
“I don’t think anything is going to prevent a recession from Covid and everything else that has happened in the markets, but the way it happened, there were ways of mitigating the impact on the mortgage world and the knock-on effect on protection. It put the fear of God in everybody.
“So, I think he should be able to provide a little bit more confidence whereas Truss and Kwarteng just didn’t.
“They were like rabbits in the headlights, Sunak certainly doesn’t operate like a rabbit in the headlights,” he added.
