Fund manager Guy Anderson is excited about the prospects for the UK economy and the stock market – more so than at any time in the past three years.
Anderson, joint manager of the £2billion Mercantile Investment Trust, believes most consumers are in a healthy financial position as restrictions begin to be lifted – and this will help drive a strong UK recovery.
He says: There is an opportunity for the UK to experience a purple patch of economic growth as consumers start spending again against a backdrop of resilient house prices.
With the UK stock market looking cheap compared to other global equity markets – especially the United States – Anderson says the UK could be the most exciting market in the year ahead although he warns that any advance in share prices will be marked by volatility .
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