Live: Donald Trump wades into General Election debate in Nigel Farage interview October 31, 2019 US President Donald Trump has waded into the UK General Election in typical style, saying Jeremy Corbyn would be “so bad” for Britain. Read more: General Election: Jeremy Corbyn pledges to go after ‘greedy bankers’ In an interview with Brexit party leader Nigel Farage on London’s LBC radio, the President said: “Your country has tremendous [...]
US and China set to announce new location for trade deal signing October 31, 2019 President Donald Trump has said the US and China will soon announce a new site at which they will sign “phase one” of a trade deal, after Chile cancelled a summit where the two sides were set to put pen to paper. Read more: Donald Trump reveals ‘phase one’ trade agreement with China Trump tweeted: [...]
Eurozone reports unexpectedly steady GDP growth October 31, 2019 Eurozone gross domestic product (GDP) grew steadily in the third quarter defying market expectations of a slowdown while headline inflation slowed due to a sharp drop in energy prices. GDP in the EU’s 19 member states grew 0.2 per cent on the previous quarter between July and September, according to preliminary figures from the EU’s [...]
Tax cuts could do for our economy today what the Reformation did 502 years ago October 31, 2019 On this day in 1517, German monk Martin Luther nailed his 95 Theses to the door of All Saints’ church in Wittenberg. In so doing, Luther set in motion a series of events which would have a dramatic impact on the political landscape of Europe, transform the economy, and alter the lives of ordinary people [...]
UK consumer confidence at six-year low ahead of election October 31, 2019 Brits’ confidence in the economy fell back to its joint-lowest in six years this month, a survey showed today, as yet more Brexit uncertainty increased consumers’ gloom. Read more: Fourth time lucky as MPs back Boris Johnson for December election The consumer confidence index from market research institute GfK fell to minus 14 in October. [...]
US Federal Reserve lowers rates again but signals it is done cutting October 30, 2019 The US Federal Reserve took the axe to interest rates for the third time in a row today, just hours after data showed the US economy slowed in the third quarter. Read more: US economic growth beats expectations with Fed poised to cut rates Fed president Jay Powell struck a more cautious tone than at [...]
US economic growth beats expectations but Fed still set to cut rates October 30, 2019 US economic growth slowed in the third quarter but beat expectations as consumer spending and higher exports offset a fall in business investment. Read more: S&P 500 hits all-time high on trade and Fed optimism The US economy grew at an annual rate of 1.9 per cent between July and September, the US Commerce Department [...]
The economic impact of Brexit tariffs only tells us half the story October 30, 2019 Brexit is about much more than the economic costs and benefits, but the idea that the former dramatically outweigh the latter has become the received wisdom in much of the media. Report after report emerges which purports to show that, under any of the various trade arrangements envisaged, the UK will be worse off as [...]
Number in low-paid jobs hits record low but wages suffer October 29, 2019 The proportion of people in low-paid jobs fell to its lowest level on record last year, official figures showed today, thanks in large part to a rising minimum wage. Read more: UK women earn £263,000 less than men over working lives Nonetheless, when adjusted for inflation median pay was almost three per cent lower than [...]
Spending watchdog to publish forecasts despite scrapping of Budget October 29, 2019 The UK’s tax and spending watchdog has said it will publish an updated version of its March fiscal forecasts next month, despite chancellor Sajid Javid cancelling his Budget due to the Brexit extension. Read more: Chancellor Sajid Javid admits 31 October Brexit deadline ‘can’t be met’ The Office for Budget Responsibility (OBR) also said that [...]