By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Drug makers pop after Pfizer deal sinks, taking FTSE 100 up for the day

April 6, 2016

A last-hour surge saved the FTSE 100 from another unspectacular day, as the afternoon rally helped the blue chip index climb up 1.2 per cent to close the day on 6,161, and a surprise fall in US oil stocks put some energy into oil prices which also gained handsomely. It wasn’t quite a green sweep [...]
Startups founded during the recession could be the reason why Britain lags on productivity

April 6, 2016

Britain’s startups could be the missing piece of the “productivity puzzle” which has had economists and policymakers scratching their heads in recent years, according to new research by the innovation body Nesta. Working with number crunchers at the National Institute of Economic and Social Research (NIESR), Nesta found that new firms – those founded since the recession [...]
IMF says lower taxes, more training and welfare cuts can kick-start global economic growth

April 6, 2016

Countries around the world should slash taxes on employment and reform welfare to boost their economies, according to the International Monetary Fund (IMF). Ahead of its half-yearly and closely-watched world economic outlook, the IMF raised concerns about “the current environment of persistent weak economic activity in many advanced economies”, outlining its suggestions for increasing economic output and employment. Key [...]
EU referendum: Latest Brexit doomsday forecast suggests GDP growth will halve, an investment drought and sterling crash

April 6, 2016

Brexit could compromise the City of London’s position as Europe’s top financial services centre, cause massive swings in the value of sterling, a sharp jump in inflation and at least three years of economic turmoil according to a top analytics firm, in the latest attempt to paint a picture of Brexocalypse. With opinion polls all over [...]
Renters in London are having the hardest time of all, suffering the smallest pay rises in UK and soaring housing costs

April 6, 2016

If you rent a house in London and work full-time, chances are the economic recovery has been something you read about in the newspapers but haven’t felt in your pocket. That’s because over the last three years, London has experienced the slowest growth in average wages of any part in the UK, but the fastest increases [...]
ISA investors rushing to beat 2015/16 tax deadline might be searching for safer portfolios

April 5, 2016

One in four savers are feeling more nervy than this time last year, as they prepare to shift their portfolios into less risky assets, according to new research out today. Swings on the stock markets, along with uncertainties surrounding the EU referendum, the Chinese economy and oil prices were all cited as reasons by retail [...]
EU Referendum: Government stockpiling foreign currency reserves to fight sterling volatility

April 5, 2016

Britain’s foreign currency reserves reached a new record high last month, passing $100bn (£70.5bn) for the first time, as the UK looks to be building a buffer to defend the pound against the prospect of a currency crisis ahead of the EU referendum. Another $4.5bn in reserves was acquired in March, taking the total amount [...]
Europe goes shopping as prices keep dropping, but confidence may be short-lived

April 5, 2016

The Eurozone was treated to a rare piece of good economic news this morning, as official figures showed households are buying 2.4 per cent more retail products than this time last year, though economists were pessimistic about how the long the feel-good factor would stick around. According to Eurostat, the EU’s official number crunchers, bumper [...]
Services sector struggles for momentum, as purchasing managers’ index points to GDP slowdown

April 5, 2016

The fragility of Britain’s reliance on its mammoth services industry was laid bare this morning by the latest Markit/CIPS purchasing managers’ index (PMI), which showed growth in the sector will not be enough to translate into confidence about the wider economy. Services scored 53.7 on the bellwether index, where scores above 50 indicate expansion, rebounding from a [...]
Surprise, surprise: New survey reveals people in Europe want to work in Britain

April 5, 2016

Britain is the top destination for European job hunters hoping to launch a career abroad, an analysis of searches by recruitment firm, Indeed, has revealed, while those already here are the least likely in Europe to want to work in another EU country. The research – out today – which looked at millions of jobs [...]

Why sports districts like Birmingham City’s are the future of stadiums

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Who made the naughty list in the wine world in 2025?

By: Jake Cordell

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