UK value stocks rocketing value .
Peter McGahan
UK value stocks have been as loved as a sneezing fit in a lift, or any confined space for that matter.
So what is a value stock and why does that matter?
Value stocks are stocks that are low because the market has simply priced them lower than they are currently worth for varying reasons.
Simple measures like a price to earnings ratio can give you a speedy flavour of whether a stock is good value or not.
Investors are keen to buy such unloved stocks before everyone else in order to buy on the upswing.
Are you itching to spend or planning to save? Lockdown savers are forecast by the Office of Budget Responsibility to have stashed away £180billion by the middle of this year.
That collective cash pile has been built up by those who have been fortunate enough not to see their finances hit by the pandemic, but have seen their outgoings drop substantially.
We’ve already seen some big spending themes come out of this, as people splash out on everything from home improvements, to luxury garden furniture, expensive pizza ovens and hot tubs.
The expectation is that as lockdown eases and people are released into the hoped for freedom that vaccines bring, they will go on a spending spree.
Select Committee told road pricing is one of the best fiscal changes to make
Report by Greener Transport Solution says pay-per-mile scheme should be mandatory in 2030, though voluntary for EV owners from 2023
It said the scheme should be based on vehicle weight, charging 2p per km for cars and higher charges for vans and lorries
A raft of grants and other incentives should be used to entice drivers to switch to EVs and use the scheme as soon as possible
It also urged the Chancellor to outline a 10-year trajectory to increase fuel duty