The Eurozone is at risk of renewed crisis in 2019 – and this time it’s all about Italy January 29, 2019 After a dismal 2018, December brought further bad news for the Eurozone in the form of the European Commission’s economic sentiment indicator. Despite hopes that last year would see an escape from the ongoing repercussions of the 2011-2013 euro crisis, confidence across sectors has taken a hit, with only retail trade remaining a bright spot. [...]
If Britain looks outward, it will find Nigeria open for business January 29, 2019 As the vote on Theresa May’s withdrawal agreement looms, parliament is at an impasse. The likelihood of a no-deal Brexit is increasing – in Germany, it is now seen as the most probable outcome, while in France, a “hard Brexit” contingency plan has been triggered. Deal or no deal, however, Brexit gives the UK the [...]
DEBATE: With the top taxpayers revealed, is there a case for lowering the highest rate of income tax? January 29, 2019 With the top taxpayers revealed, is there a case for lowering the highest rate of income tax? Kate Andrews, associate director at the Institute of Economic Affairs, says YES. With the tax burden at a 50-year high, there is almost always a case to be made for lowering whichever tax is up for discussion. This [...]
Government shutdown wipes billions off US economy January 28, 2019 The five-week shutdown of the US Government knocked $8bn (£6.08bn) off America’s gross domestic product (GDP) in the first quarter of this year. The Congressional Budget Office (CBO) – the US spending watchdog – said $3bn was also wiped off GDP in the fourth quarter of last year due to reduced economic activity during to the shutdown, which [...]
German export confidence slides as last month’s ‘ray of hope’ for car manufacturing vanishes January 28, 2019 German export expectations have fallen sharply with last month’s “ray of hope” in car manufacturing vanishing in the new year, according to the Ifo Institute. Business confidence among German exporters fell to 5.9 in January, the lowest since the beginning of 2016, dropping from 8.7 in December. The outlook for the automotive industry, as well [...]
DEBATE: Will the new Franco-German pact help heal the EU’s divisions? January 28, 2019 Will the new Franco-German pact help heal the EU’s divisions? Dr Andrew W M Smith, historian of modern France at the University of Chichester, says YES. From its inception, European integration revolved around the axis of Franco-German unity. In 1963, Charles de Gaulle and Konrad Adenauer tied the knot at the Elysee palace, and Emmanuel [...]
Wages on the rise as 2019 set to be a ‘buyers’ market’ for UK’s top professionals January 28, 2019 Wage growth could be set to rise as employees express optimism over securing higher salaries and the UK's statistics body revealed that worker's pay growth hit a ten-year high at the end of 2018. UK wages have grown on average by just 1.9 per cent a year, according to the Centre for Economics and Business. However, [...]
Brexit shows it’s time for an economic shake-up from the Tories January 28, 2019 The Brexit weather forecast remains distinctly foggy in all areas as we enter yet another crucial week in Westminster. Will we ever see daylight and opportunity out of this sickening political morass? As I said to the BBC Question Time audience last week, I think this parliament ranks as the most dismal in living memory. [...]
Credit card spending shoots up as customers turn to extra protections January 25, 2019 UK credit card users spent almost nine percent more last month than the year before, as more customers start using credit as their go-to way of paying at the tills. Britain’s £11bn of credit card spending last month rose 8.8 per cent year-on-year, while the outstanding level of credit card borrowing grew 4.7 per cent [...]
ECB Headwinds, IMF downgrade for Europe – What Can We Expect from 2019? January 25, 2019 | City Talk This week bankers and leaders around the globe have come together for the World Economic Forum in Davos. A key topic has been what we can expect from 2019 and beyond, in the face of a global slowdown, climate change, the US shutdown, trade wars and Brexit. On top of that, the ECB revealed that [...]