We are very happy to announce the launch of our new Macro & Policy Research Branch of Elphinstone Research Group!

To mark the launch and in accordance with the recent election of Andy Burnham as Prime Minister of the United Kingdom, we are pleased to release the inaugural report of the branch: A deep dive into Keir Starmer’s resignation and the effects of a Burnham administration on the UK water industry.

The new Macro & Policy Research branch of Elphinstone Research Group looks to uncover how political developments, government policy, and geopolitical events shape financial markets and the global economy.

In our inaugural report, the team examined

Why Severn Trent faces the largest threat under a Burnham administration.

Why FTSE-listed companies like United Utilities and Pennon Group deserve to be underweighted until the Autumn Spending Review.

The broader macroeconomic implications for UK gilts, the British pound, investor sentiment, and fiscal policy.

The Importance of John Healey’s appointment as Chancellor, and the importance of broader UK political turbulence in understanding Burnham’s chances at rebuilding the UK economy.

A huge thank you to everyone on the inaugural team:

Head of Branch: Kevin Ju

Analysts: James Francoeur, Noam Keinan, and Gregory Rayburn

Elphinstone Research Group | Scottish Registered Charity No. SC054318