One of the world’s biggest investment banks is urging clients to buy shares in British companies as it predicts an upturn for the economy next year.
Economists at Goldman Sachs have upgraded their UK growth forecasts, citing fading Brexit risks and promises from the leading political parties of huge public spending programmes.
“Our economists now see two compelling reasons to expect a pick-up in gross domestic product growth following the December 12 general election,” Goldman said.
Despite a surge in global equities quoted in London, domestic-focused stocks have been less popular since the Brexit referendum three-and-a-half years ago. The persistent uncertainty over the outcome of Brexit has deterred investors and the stock market’s performance has suffered.
According to Goldman, shares of companies that rely on