Tag Archives: ian cowie

Mark Pack

Dear Ian Cowie…

By Mark Pack | Sat 24th April 2010 - 1:42 pm

Dear Ian,

I’m a bit confused by your article about hung Parliaments in the Telegraph, where you wrote:

The last time a British election failed to produce a decisive result, in February, 1974, the FTSE All Share Index – a broad measure of the stock market – fell nearly 15pc in a month and ended the year more than 50pc below where it began.

The piece even has a graph starting in January 1974 and going through to late 1974.

Why does this leave me confused? Well, I’m sure on most financial matters you know far more than me. But even I know …

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