Following today's UK budget speech by new Chancellor of the Exchequer Rishi Sunak, Jeremy Leach, Chief Executive Officer of Managing Partners Group, the international asset management group, reacts.

"This was a really tough budget for Rishi Sunak. He has been in office for less than a month and has had to get to grips with what may end up being an illness that could create some of the biggest economic challenges of all time.

"The virus has already permeated so many parts of the global that its spread is inevitable and with it, the economic impact will persist. The bear run we are currently expecting is likely to continue until the media is able to report that the illness is abating and governments in the most affected countries are able to ease rules on self-isolation and public gatherings.

"Most viruses abate as the weather warms up, which is likely to be towards the end of April, so it seems logical to assume that we have another four to six week of market turbulence to come."

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Following today's UK budget speech by new Chancellor of the Exchequer Rishi Sunak, Jeremy Leach, Chief Executive Officer of Managing Partners Group, the international asset management group, reacts.

"This was a really tough budget for Rishi Sunak. He has been in office for less than a month and has had to get to grips with what may end up being an illness that could create some of the biggest economic challenges of all time.

"The virus has already permeated so many parts of the global that its spread is inevitable and with it, the economic impact will persist. The bear run we are currently expecting is likely to continue until the media is able to report that the illness is abating and governments in the most affected countries are able to ease rules on self-isolation and public gatherings.

"Most viruses abate as the weather warms up, which is likely to be towards the end of April, so it seems logical to assume that we have another four to six week of market turbulence to come."