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Brexit survival food and five-star Smith: The Wells Street Journal

A weekly account of the curious goings-on in the world of financial services

The temptations of freeze-dried Brexit survival food
WSJ is fast losing energy in the lead-up to 29 March and is very pleased to be able to report a Brexit survival kit is now on the market.

The £295 “Brexit box” is the brainchild of Leeds businessman James Blake and contains enough rations to last 30 days.

More than 700 boxes have already been sold, with owners able to enjoy much-loved British foods that have the possibility of being under threat in a no-deal situation.

The box contains 60 freeze-dried portions of chicken tikka, chilli con carne, macaroni cheese and chicken fajitas. Firelighter liquid and an emergency water filter are also included. WSJ might put in an order and slip away early…

Too Smithy, Too Furious
Earlier this month, Fundsmith boss Terry Smith hit back at Hargreaves Lansdown after he failed to make the platform’s new slimmed-down list of top managers.

Not among the now 50-strong list that was previously the Wealth 150, Smith said managers were chosen if their charging structure lent itself to Hargreaves’ profitability.

In a newspaper last week, however, Smith hit back again, toasting the performance of his flagship Fundsmith Equity Fund, which has returned 270 per cent over the past nine years.

A mocked-up movie poster featuring a suit-clad Smith has worked its way on Twitter with the apt title Fundsmith Equity Fund.

The movie claims five stars for “impressive returns” and for “top sales charts”.

WSJ is impressed but also feels too much time was spent on this.

Out of context

‘This has all been arse about face’
Cicero Group’s Iain Anderson has his say on Brexit

‘My client meeting will be a bit stinky’
Wingate Financial Planning’s Alistair Cunningham heads to a meeting after eating an onion bagel

‘Keep your powder dry’
Former IFA Harry Katz shares his pre-Brexit plan

‘Would Jeremy Corbyn seek to nationalise SJP?’
Tatton head of communications Roddi Vaughan-Thomas asks the question we were all wondering

Separated at birth

MP Dominic Grieve

AdviserAsset director Colin Turton
Send your suggestions to @mm_wsj.



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