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.

All 1029 Articles

Japan’s imaginative monetary policy is putting banks in danger

October 3, 2016

Fitch has sounded alarm bells over the health of Japanese banks in the face of the latest tinkering with monetary policy from the Bank of Japan (BoJ). The ratings agency said it was worried the BoJ's increasingly unconventional approach to managing the country's cash supply could lead to "unintended consequences" for the financial sector as the [...]
The number of people living in extreme poverty has hit a record low

October 3, 2016

Fewer people than ever before are living in extreme poverty, a new report from the World Bank has found. The institution found more than 100 million people climbed above the poverty line between 2012 and 2013 as strong growth in China and Asia boosted incomes in some of the world's poorest people. An estimated 767m [...]
Bank of England confirms plans for additional stress tests for UK banks

October 3, 2016

The Bank of England will push ahead with plans for an extra set of stress tests next year in order to assess the ability of the UK’s top lenders to weather a financial storm. The Bank’s Financial Policy Committee (FPC) confirmed today it will put the UK’s seven biggest banks and building societies through an [...]
Sterling falls to seven-week low as May commits to triggering Article 50 by end of March

October 3, 2016

Sterling approached a new post-referendum low today after Prime Minister Theresa May said negotiations to leave the EU will start by the end of March next year and signalled she will not prioritise Single Market access. The pound drifted lower throughout the day, falling 1.1 per cent through Monday's session to stand at $1.2827 crashed to $1.2827 in the minutes [...]
Landlords threaten to hike rents after tax changes kick in

October 1, 2016

Landlords have claimed they will be forced to raise rents as a result of the government's string of tax changes and crackdowns on the buy to let sector. A new survey also revealed private sector landlords will not be able to invest as much in improving their properties as a result of the extra charges [...]
US Presidential Election 2016: The German government is a little bit worried about Donald Trump

October 1, 2016

Donald Trump's controversial bid for the White House has raised eyebrows across the world. But on the European side of the Atlantic, it's been largely a spectator sport as we struggle to understand the American psyche at the best of times (see #Tube_chat), let alone the Republican candidate, whose outrageous campaign techniques seem only to boost his support. However, [...]
Holiday chaos avoided as Monarch handed two-week lifeline

October 1, 2016

Beleaguered airline Monarch has been thrown a lifeline with a two-week extension to its permit to sell holidays and flights in the UK. The Civil Aviation Authority (CAA) said last night it would grant the budget airline a temporary license under the Air Travel Organisers' Licensing (Atol) scheme until mid-October after the company said it was on the [...]
Theresa May under Brexit pressure ahead of Conservative Party conference

October 1, 2016

Westminster watchers are again decamping for a few days of agenda-setting speeches, hard-hitting policy debates, backroom lobbying and late night parties as the Conservative Party conference kicks off in Birmingham tomorrow. Despite the raft of pre-conference announcements, including a new review into employment law and the ditching of some mandatory medical tests for people deemed [...]
Conservatives scrap “pointless” medical tests for welfare claimants

October 1, 2016

People who are unable to work due to serious illness or medical conditions will no longer have to undergo "pointless" reassessments in order to receive benefits, the government has announced today. The new changes will mean tens of thousands of people with lifelong conditions will not have to face repeated medical tests, which can take place as often [...]
Theresa May appoints Blair policy expert to review employment law

October 1, 2016

Theresa May has appointed one of Tony Blair's top advisers to lead a new review into employment rights across the new economy. Matthew Taylor, who was head of the influential Number 10 Policy Unit between 2003 and 2006, will be tasked with creating a new framework of employment rights and protections for the millions of [...]

Third of London homes cheaper to buy than to rent as prices fall

Pro Climbing League leans into urban boom ahead of sold-out London launch

Drinks disasters: Three top tips to avoid being a wine wally

By: Jake Cordell

All 1029 Articles

Subscribe