Autumn Statement: Winners and losers

Following the Autumn Statement, Tom Stevenson, investment director for personal investing at Fidelity International, looks at the winners and losers for investors.

Autumn Statement: Winners and losers

We’re probably not looking at a 1930s-style building boom, but there were significant sums committed in the Autumn Statement to support the construction of new homes and improve infrastructure. Housebuilders could gain, although the reaction from shares in the sector has been mixed, if not slightly negative.

Things look better for companies supporting and exploiting construction in various ways  – tool-makers, engineers, repair providers. Infrastructure investment companies could win if they can access the projects receiving a state boost while commitments to expanding internet coverage should help companies providing internet connections and network maintenance.

Losers include estate agencies, who were told the admin fees they charge tenants are about to be regulated, while insurers suffered an increase in Insurance Premium Tax that makes their products more expensive.

Employers of large, low-paid workforces will have to pay staff more than planned following the rise in the National Living Wage.

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