In the 2018 budget, the government announced it would stop using private finance initiative (PFI) structures to fund future UK infrastructure projects. News articles on the death of the unloved financing scheme promptly ensued. But the devil, as always, is in the detail.
While the recent market rally will be remembered as one of the smoothest in history, we will undoubtedly come across some bumps in the road. Seeing as we can't predict when that will be, a better question is "when should we be buying equity protection?" ;