UK Weekly Kickstart

This report examines the challenges of UK social mobility, noting that generational income inequality is particularly sticky in the UK compared to peer economies. It further highlights how disparities in risk-asset access exacerbate wealth inequality between household groups.

Key Takeaways

• 1.UK social mobility remains sticky, with relative income positions across generations remaining more pronounced in the UK than other advanced economies.
• 2.Lower-income households are structurally underexposed to strong risk-asset returns, leaving them reliant on wages and cash which have lagged inflation.
• 3.Corporate language regarding ESG has shifted from explicit usage of 'Social mobility' and 'Diversity' towards terms like 'resilience', 'affordability', and 'wellbeing'.

Table of Contents

• Equity Performance (in GBP)
• FTSE 350 Sector Performance
• Earnings Expectations and Revisions
• FTSE 350 Valuation
• UK Sector Valuation
• Style Performance
• UK Style Valuation
• Volatility, Skew, Dispersion and Correlations
• Flows and Positioning
• Comparison of European Indices
• Global Strategy Views: Indices and Asset Classes
• UK Exposure