How to Ed-proof your portfolio
It was 2 May 1997. Not only was most of the country celebrating the election of a bright young Kennedy-esque Prime Minister called Tony Blair, so too, perhaps more surprisingly, were the champagne-swilling Thatcherites of the City of London. As the government took office, the FTSE 100 index climbed up to 4,455, and it was to carry on rising over the next few months, reaching 5,193 by the year’s end. Indeed, for much of its first term, Britain’s last Labour government was accompanied by a raging bull market, as the dotcom bubble reached its peak.