If you want to see what kind of tax system is coming for you under the impending Andy Burnham-led Labour party, look no further than your Commonwealth brethren over, down under, in Australia.

There are some uncanny parallels between the two countries, from the kind of “leadership” they both fall under to the depressing tax systems that are inbound for citizens of both nations.

Today, Nick paints the picture of what life might be like with Prime Minister Burnham at the helm.

And then we try our best to lift the mood and consider that maybe the AI bears had it all wrong. Because when you actually look at the obscene numbers (and profits) getting pumped out by the biggest, most dominating AI tech companies, you can’t help but come to the realisation that they’re massive, growing fast, and unbelievably financially stable and sound.

Bubble?

What bubble?

We cover a bit of ground today, and give you a little insight into some of the things we’re going to be covering in our YouTube LIVE event on 9 July at 3 pm GMT… just a couple of weeks away now.

Make sure to register your interest here, and get your questions lined up, so we can answer them LIVE on the night.

Until next week,

Sam Volkering
Investment Director, Southbank Investment Research


Nick Hubble
Editor, The Fleet Street Letter

 

PS One of the biggest investing mistakes you can make is preparing for yesterday’s risks instead of tomorrow’s. Today’s essay looked at how politics could change the way your wealth is taxed. Jim Rickards believes the next major threat could be hiding inside many investors’ portfolios already. His is a different perspective to the one we talk about today, but that makes it even more important to understand. If you own AI stocks—or simply hold a pension or index fund—I’d encourage you to see what he’s uncovered.