Market update April 2016 – Nigel Peters

The beginning of the financial year has seen varying levels of demand in the marketplace as the Public Sector, many companies and business leaders kick off the start to FY 2016/17. I think it has been a bit of a false start in many markets with the political backdrop of the EU referendum next month clouding any concrete data on what will happen if we choose Brexit. We seem to have become a political punch bag as the traditional party lines and divisions are totally blurred - Cameron on stage with a trade union leader, the new Mayor of London siding with the Government and Boris being more extreme than ever. All of this set alongside uncertainty in the US as Obama starts to close his tenure, terrorism seems only minutes away and a falling £. While I have yet to see any direct impact upon hiring intentions and decision making amongst clients, it is not setting the country on a clear course for the future. It feels like we are entering a recessionary period with falling confidence. We need some certainty and leadership at the moment not more rhetoric.

The one area of strength and fortitude as I write stems not from businesses or our politicians, but from Her Majesty The Queen whom celebrates her 90th birthday this year. Whatever your views are on this institution, it is absolutely right to express our thanks and best wishes for her remarkable achievements. Happy Birthday Ma'am!

So herewith a few market articles this month from the Alium community:

I wish you a successful year ahead.

Kind regards,

Nigel

Nigel Peters, Managing Partner

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