Despite winning last year’s election with a significant majority, his time in government has been a constant battle. UK inflation remains elevated and the risk of stagflation could worry the Bank of England, which might ultimately have to choose between growth and inflation. The value of securities and the income from them can fall as well as rise. Past performance should not be seen as an indicator of future returns. All views expressed are those of the author and should not be considered a recommendation or solicitation to buy or sell any products or securities.