He encourages investment managers to break free of the credit boom mindset and return assets from developing economies to the UK, and proposes policy incentives for them to do so.
The credit boom, Williams argues, encouraged investors to shift their capital out of UK listed companies and into the developing economies, private equity and hedge funds that offered greater liquidity and (seemingly) higher returns. Instead, with smaller listed companies shown to perform better over the long-term, and smaller companies more likely to grow, create jobs and reinvest their turnover in the local economy, UK investors can do good business, in every sense, by targeting their investment capital at this neglected end of the British market.
State of the North 2024: Charting the course for a decade of renewalThe North’s communities are ambitious for a better future, but face systemic and pronounced inequalities. Gaps in power, wealth, opportunity, and health result in shorter, sicker, less fulfilling lives.
No home left behind: Funding a just transition to clean heat in ScotlandHow can we ensure that investment in clean heating in Scottish homes drives a just transition, sharing costs and benefits fairly?
The asylum backlog: Job done?This blog post sets out how the department must now grapple with a new set of backlog challenges.