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Autumn Budget 2025

Investec experts explore the impact of the Autumn Budget on the economy, business landscape, property market and financial planning.

Looking up at Houses of Parliment and Big Ben with sun breaking through the building

For more information contact our economists

Philip Shaw

Philip Shaw

Chief Economist

Philip Shaw

Chief Economist

I head up the Economics team for Investec in London after joining in 1997. I am a regular commentator on the economy and financial markets in the press and on TV. I graduated with an Economics degree from Bath University and a master’s in Econometrics from the University of Manchester. I started my career in the Government Economic Service at the Department of Energy before joining Barclays as an economist/econometrician.

Ryan Djajasaputra

Ryan Djajasaputra

Economist

Ryan Djajasaputra

Economist

In 2007, I joined Investec as part of the Kensington acquisition, before joining the Economics team in 2010. I provide macroeconomic, interest rate and foreign exchange analysis to Investec Group and its corporate clients. After graduating with a Bachelor’s degree in Economics from UWE Bristol.

Lottie Gosling

Lottie Gosling

Economist

Lottie Gosling

Economist

I joined the London Economics team at Investec as a graduate in September 2023. I graduated with a Bachelor’s degree in Economics from the University of Bath with a year-long placement working as an Economic Research Analyst at HSBC.

Ellie Henderson

Ellie Henderson

Economist

Ellie Henderson

Economist

I joined Investec in February 2021 as part of the London Economics team, providing economic advice and analysis for the company and its clients. Before joining Investec I worked as an economist for Fathom Consulting, where I predominantly focused on China research. I hold a Bachelor’s degree in Economics from the University of Surrey, as well as a Master’s degree in Economics from Birkbeck, University of London.

Sandra Horsfield

Sandra Horsfield

Economist

Sandra Horsfield

Economist

I am part of the London Economics team, having joined in 2020, providing macroeconomic analysis and advice to the Investec Group and its clients. I hold a Bachelor’s and a Master’s degree in Economics, both from the London School of Economics. I have over 20 years’ experience as a financial markets economist on the buy and sell side as well as in consulting.

Philip Shaw

Philip Shaw

Chief Economist

Philip Shaw

Chief Economist

I head up the Economics team for Investec in London after joining in 1997. I am a regular commentator on the economy and financial markets in the press and on TV. I graduated with an Economics degree from Bath University and a master’s in Econometrics from the University of Manchester. I started my career in the Government Economic Service at the Department of Energy before joining Barclays as an economist/econometrician.

Ryan Djajasaputra

Ryan Djajasaputra

Economist

Ryan Djajasaputra

Economist

In 2007, I joined Investec as part of the Kensington acquisition, before joining the Economics team in 2010. I provide macroeconomic, interest rate and foreign exchange analysis to Investec Group and its corporate clients. After graduating with a Bachelor’s degree in Economics from UWE Bristol.

Lottie Gosling

Lottie Gosling

Economist

Lottie Gosling

Economist

I joined the London Economics team at Investec as a graduate in September 2023. I graduated with a Bachelor’s degree in Economics from the University of Bath with a year-long placement working as an Economic Research Analyst at HSBC.

Ellie Henderson

Ellie Henderson

Economist

Ellie Henderson

Economist

I joined Investec in February 2021 as part of the London Economics team, providing economic advice and analysis for the company and its clients. Before joining Investec I worked as an economist for Fathom Consulting, where I predominantly focused on China research. I hold a Bachelor’s degree in Economics from the University of Surrey, as well as a Master’s degree in Economics from Birkbeck, University of London.

Sandra Horsfield

Sandra Horsfield

Economist

Sandra Horsfield

Economist

I am part of the London Economics team, having joined in 2020, providing macroeconomic analysis and advice to the Investec Group and its clients. I hold a Bachelor’s and a Master’s degree in Economics, both from the London School of Economics. I have over 20 years’ experience as a financial markets economist on the buy and sell side as well as in consulting.