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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Plastic fantastic: The new fiver has gone into circulation today

September 13, 2016

A mini revolution in British banking becomes reality today, with the most eagerly-anticipated launch of a bit of paper in living memory. That's because this isn't just any old bit of paper. This is a Bank of England bit of paper. And, truth be told, it isn't even paper. Read more: Who's going to be [...]
Last ever British EU commissioner pledges allegiance to Brussels

September 12, 2016

The man set to become the UK's last ever European commissioner has pledged to work solely for Europe's best interests in a "marathon" hearing before members of the European Parliament. Julian King, currently the UK's ambassador to France, was announced as successor to Lord Jonathan Hill, who resigned straight after the EU referendum, having been in [...]
Top EU referendum campaigners launch new lobbying firm

September 12, 2016

David Cameron’s former director of strategy has teamed up with Vote Leave rivals to launch a new public affairs agency. Ameet Gill, a long-time Cameron advisor, and Paul Stephenson, head of PR for Vote Leave have today unveiled Hanbury Strategy, claiming to offer clients the best of both worlds, with voices from both sides of the referendum [...]
Conservative peer Baroness Stroud to become chief executive of Legatum Institute

September 12, 2016

Baroness Philippa Stroud has been appointed the new chief executive of economic think tank the Legatum Institute. The Conservative life peer, who helped to found the Centre for Social Justice with Iain Duncan Smith and worked with him at the Department for Work and Pensions, will join the group to "lead its mission to promote the ideas and [...]
Doves back on top as key Fed member eases on US rate hike

September 12, 2016

The chances of the Fed raising rates for the second time since the financial crisis next week has been dealt another blow as a key rate-setter said the case for a hike had fallen away. Lael Brainard, seen as one of the most cautious voices on the rate-setting federal open markets committee (FOMC), said the arguments in [...]
Bank of England corporate bond buying details unveiled

September 12, 2016

Electricity companies are set to be big winners from the Bank of England's upcoming corporate bond buying programme, according to official documents published this afternoon. Threadneedle Street has unveiled the details of its £10bn money-printing programme which will see it buy high-quality company bonds, with one-quarter set to be channelled to electricity companies such as [...]
David Davis thinks the Brexit talks will be the “most complicated negotiation of modern times”

September 12, 2016

Brexit secretary David Davis has said the upcoming negotiations over the UK's exit from the European Union could be the most difficult diplomatic endeavour ever undertaken. Speaking in front of a House of Lords committee, Davis said: "This is likely to be the most complicated negotiation in modern times, maybe the most complicated negotiation of [...]
City firms carry on hiring through Brexit uncertainty

September 12, 2016

London’s firms are still taking on staff despite the uncertainty caused by June’s referendum, two new surveys of the capital’s businesses have found. Recruitment outfit Manpower said the number of employers planning to hire more staff in the final three months of the year has increased, taking London to second place on the nationwide league [...]
Business as usual after Brexit blip, declares accounting firm BDO as confidence edges back

September 12, 2016

The economy suffered a “short, sharp fall” in the days after the EU referendum, before confidence rushed back and things returned to “business as usual”, a new survey has found. Like most other economic indicators, BDO’s confidence tracker has jumped back in August after hitting a three-year low in July. Firms told the accountants they [...]
First time buyers still waiting for Brexit boost as banks demand higher deposits

September 12, 2016

The Brexit vote has not been the boon for first-time buyers many forecasters expected it might be, new analysis of prices and mortgage data has revealed. In the aftermath of the referendum, many expected house prices across the country to dip, making it easier for hard-pressed savers to get a foot on the ladder. However, [...]

Block slashes 4,000 jobs in latest AI warning

Automatic promotion and relegation from Prem Rugby scrapped

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Jake Cordell

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