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“A week is a long time in politics,” Harold Wilson once said. Never have these words rang more true. This was surely a contender for the most eventful week in the UK’s peacetime history.

I’m pleased we have a new Prime Minister. Last weekend, the Tory leadership contest looked like extending to September – a delay avoided after Andrea Leadsom conceded. August can be a wicked month on financial markets and, given systemic strains across the Eurozone, and jitters on UK markets too, next month could be turbulent.
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