Head of fixed income at RLAM Jonathan Platt is of the opinion that we are coming to the end of economic expansion in the UK but given interest rates are so low this is going to be a very long cycle so there is no reason for undue concern.
The exception, he suggests, is in the energy sector where he is seeing some defaults following the oil price falls at the end of last year.
What he does point out in this interview is that 2009 and the start of the growth period was a ‘once in a lifetime’ opportunity given how cheap valuations were.
