The Turkish lira slipped by more than 5% against the US dollar in October alone, and is now close to revisiting January's all-time lows. Iraq's Kurdish region is seeking independence, which some fear could foment unrest among Turkish Kurds. A spat with the US over visas illustrates the government's authoritarian and irascible tendencies. In these circumstances, global investors require a decent real yield on government bonds to stick around, but with inflation at 11%, high compared with other emerging markets, and the average yield on debt at 11.4%, they're not getting one.
Viewpoint
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
