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including access to free prescriptions and legal aid, cut off. mr hunt said businesses are set to benefit from his announcement that he is to making "full expensing" for businesses permanent. it means that for every £1 that a business invests in it, machinery and equipment, they can claim back 25p in corporation tax. hunt says this will cost £11 billion a year and represents the "largest business tax cut in modern british history". the national living wage will rise by £1.02 to £11.44 from april, with the policy extended to cover workers aged 21 and over for the first time, rathe...

oh… that’s right, almost forgot! BONUS CHART >> got to include a goody for the goodies who subscribed. Global Flash PMI vs Bond Yields: with the April round of preliminary PMI data we can calculate a “global“ flash PMI. The April reading was up +1.2pts to a 15-year high of 60.3, with all 4 countries/regions up vs March. It’s fairly interesting by itself just by how stark the move is and how far things have come from this time last year. But the other very interesting thing is the apparent linkage with bond yields… I’ve recently noted the sentiment/positioning/technicals set up i...