Where Labour and the Tories agree

The policy differences between political parties are wider than ever, says Max King. But on one issue they are resolutely united.

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The policy differences between the UK's political parties are wider than they have been for decades, but on one issue they are resolutely united: their support for the Bank of England's "funny money" policy of ultra-low interest rates and the buying-in of government debt with newly printed money. Given the increasingly evident long-term damage that this policy is inflicting on the UK economy, this consensus should be highly controversial.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.