From Friday, the B-word is to be banned in the UK. Prime Minister Boris Johnson’s edict is a wheeze to stop this year being dominated by Brexit. Many Brits wish the taboo could be enforced far beyond government circles. Businesses and their investors are itching to break out of a tedious holding pattern.

They should be more confident, say some hedge fund managers. Investors worry too much about a possible no-deal Brexit, they argue. There are indeed some opportunities. But for the most part, Brexit uncertainty cannot be shrugged off so easily...

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