Gordon Brown's gift to Tesco shareholders

***Gordon Brown's gift to Tesco shareholders ***Why the French have shops and the UK has supermarkets***RECOMMENDED ARTICLES: Can China and Japan save the US dollar?... Why US stocks face a bear market until 2016...

It was a volatile week for the FTSE 100, but it managed to drag itself back over the 6,000 mark by Friday's close. And surprisingly enough, investors have the Chancellor to thank for that.

Budget 2006 saw Gordon Brown remain silent on the more embarrassing aspects of the economy, such as the NHS. The health service is currently lying in intensive care, being pumped full of cash at one end and haemorrhaging staff at the other. No doubt the education system, Brown's next target, will end up in the bed next door.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.