Daily Reckoning UK https://dailyreckoning.co.uk/ Contrarian money briefing. No consensus required. en Sun, 08 Nov 2026 07:03:47 GMT The City Is Pricing UK Small Caps for a Funeral That Isn’t Happening https://dailyreckoning.co.uk/city-pricing-uk-small-caps-funeral-not-happening/ https://dailyreckoning.co.uk/city-pricing-uk-small-caps-funeral-not-happening/ While the FTSE 100 hogs the headlines, UK small caps are being valued as if a domestic downturn is already certain. The contrarian case is not to buy the index — it is to hunt for cash-generative companies the City has stopped covering. Daily Reckoning UK Investing Sun, 08 Nov 2026 05:52:32 GMT The Prize Draw Wearing a Savings Account’s Suit https://dailyreckoning.co.uk/prize-draw-wearing-savings-account-suit/ https://dailyreckoning.co.uk/prize-draw-wearing-savings-account-suit/ Premium Bonds are sold as a patriotic place to park cash, but the prize-fund maths is less cosy than the adverts. For the typical holder, the median return is far below the headline rate — and inflation does the rest. Daily Reckoning UK Macro Sun, 08 Nov 2026 05:52:32 GMT Your Pension’s Safety Blanket Has a Duration Problem https://dailyreckoning.co.uk/pension-safety-blanket-gilt-duration-problem/ https://dailyreckoning.co.uk/pension-safety-blanket-gilt-duration-problem/ Gilts are still sold to UK savers as the ultimate pension safe haven, but in 2026 that label is hiding duration risk, inflation risk and a very human tendency to confuse ‘government-backed’ with ‘capital-safe’. The contrarian move is not to dump bonds blindly — it’s to ask what job each gilt is actually doing in your portfolio. Daily Reckoning UK Macro Sun, 08 Nov 2026 01:53:46 GMT The Defensive Illusion: Five UK ‘Safe’ Stocks Losing Their Shield — and Three Dull Cash Machines Worth a Look https://dailyreckoning.co.uk/uk-defensive-stocks-illusion-2026/ https://dailyreckoning.co.uk/uk-defensive-stocks-illusion-2026/ UK investors keep hiding in utilities, staples and other so-called defensives, but 2026’s macro backdrop is exposing the cracks in that trade. Here are five popular ‘safe’ names with exposed flanks — and three boring sectors quietly generating cash while the crowd looks elsewhere. Daily Reckoning UK Investing Sun, 08 Nov 2026 01:53:46 GMT The Remortgage Wave Is Still Coming — Why the City’s Calm Looks Wrong https://dailyreckoning.co.uk/remortgage-wave-still-coming-city-calm-looks-wrong/ https://dailyreckoning.co.uk/remortgage-wave-still-coming-city-calm-looks-wrong/ Markets reckon the UK mortgage reset is already priced in. That is the consensus, and it is worth interrogating. The first-round payment shock is visible. The second-round hit to consumer spending, bank earnings and domestically exposed FTSE names is a slower, messier story that late 2026 markets may still be underestimating. Daily Reckoning UK Macro Sat, 07 Nov 2026 21:57:43 GMT Stop Treating Your Cash ISA Like a Financial Religion https://dailyreckoning.co.uk/stop-treating-cash-isa-financial-religion/ https://dailyreckoning.co.uk/stop-treating-cash-isa-financial-religion/ Cash ISAs are reassuring, tax-free and deeply British. They are also increasingly a place where real returns go to do very little. With 2026 savings rates no longer flattering and inflation still chipping away, it is time to separate genuine safety from expensive inertia. Daily Reckoning UK Investing Sat, 07 Nov 2026 21:57:43 GMT