Britain is in a political mess, but not an economic one

Given the political mess the country is in, you might assume that Britain was in economic meltdown. But in truth, we are enjoying something of a purple patch.

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Harold Macmillan: who will dare repeat his famous line?
(Image credit: 2014 Getty Images)

Britain's politics are a mess right now. You may believe, as I do, that this is a perfectly healthy development as Rachel Cunliffe puts it in City AM: "this is British parliamentary democracy in all its messy, technical, infuriating glory. It's boisterous and complicated and unpredictable but it's working".

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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.