Corporate Britain is cutting its dividend payments. Despite this, the FTSE 100 index of the largest quoted companies is 20 per cent higher than it was on March 23, the day Boris Johnson announced lockdown.
75% of FTSE 100 revenue comes from outside the UK. The FTSE100 is companies listed in London, not companies working in Britain. Some of them have no connection nor business in the UK other than their listing.
But then Ollie Kamm, everything that’s wrong with the establishment view, always.