Independent Investor

David Laws has been lost as the UK’s Chief Secretary of the Treasury.  And verily there was much gnashing and wailing of teeth.  According to George Osborne, the Chancellor of the Exchequer, this was the job that David Laws was “put on earth to do”.
So what does this mean for the markets, particularly for CFD traders and hedge betters?  In the short and long term not a lot, but it could be quite significant in the medium term.
In the long term the government is either …