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

Public finances falter following EU referendum

August 19, 2016

Government income shrunk in July with tax receipts missing expectations in the first sign of a post-referendum hit to the public finances. The government ran a surplus of £977m in July, according to figures published this morning by the Office for National Statistics (ONS), though this was down on predictions for a £1.9bn windfall and [...]
Oil bulls spooked as Brent Crude touches $51 a barrel

August 19, 2016

The black stuff bull run has edged back in early morning trading, after oil prices hit a two-month high at the end of an impressive winning streak for the commodity. Brent Crude, the international benchmark, tipped past $51 a barrel overnight, before easing back to stand at $50.56 as the London markets opened and profit-taking kicked in. The [...]
Standard and Poor’s attacks negative interest rates as desperate and damaging

August 18, 2016

Central banks’ experiment with negative interest rates risks backfiring in spectacular fashion, top ratings agency Standard and Poor’s (S&P) has warned. In a new report assessing the impact of sub-zero borrowing costs on economies and industries around the world, the ratings agency concluded: “Moving to a negative rate environment, in every circumstance that we’ve looked at, [...]
Brexit-and-see: ECB dangles possibility of further action

August 18, 2016

The European Central Bank (ECB) has paved the way to unleash further economic stimulus following the UK's shock vote to leave the European Union. The central bank said it was too early to assess the full extent of how the Brexit vote will hit the Eurozone, though it hinted it was considering adopting an even [...]
Argentina to scoop $3bn windfall from hidden foreign cash

August 18, 2016

Argentina's public finances could receive a $3bn (£2.3bn) boost from a landmark scheme to uncover hundreds of billions in hidden cash. The Bank of America Merrill Lynch (BAML) said today it expects around $35bn of money stored overseas by Argentinean nationals to be declared, under the amnesty offered by President Mauricio Macri as part of his attempts to haul [...]
Inflation hits eight-month high in Eurozone

August 18, 2016

Prices are rising at their fastest rate in eight months across the Eurozone. Inflation came in at 0.2 per cent for the month of July, up from 0.1 per cent in June and in line with previous estimates. Although only modest, the figures crystallise the single currency bloc's exit from deflation after four consecutive months earlier [...]
Retail sales surge as Brits hit the shops in Brexit spending spree

August 18, 2016

UK shoppers ignored prophecies of doom-and-gloom in July to hit the stores in their droves, sending retail sales surging in the month after the EU referendum. The pound rallied on the news hitting a two-week high against the dollar as economists said signs of strong consumer confidence were a "major boost" to the post-referendum economy. [...]
Revealed: The world’s most liveable cities

August 18, 2016

The must-read report for anybody thinking of quitting the capital and starting a new life overseas has arrived. And, for those set on leaving London for good, you could do worse than checking out our Commonwealth friends Australia and Canada for a new place to call home. The Economist Intelligence Unit's annual "liveability report" has [...]
Top think tank says big bucks for graduates may be about to end

August 18, 2016

The graduate pay premium could come tumbling down over the next few decades, according to the Institute for Fiscal Studies (IFS), with companies unable to carry on offering bumper pay packets for swathes of degree-holders. Recent graduates earn more than £12 an hour on average, while the typical employee in the same age group with [...]
Political threats could hit fragile global growth

August 18, 2016

The global economy is in danger of being blown off course by any number of political risks stalking both advanced and emerging markets, Moody’s warned today. In its quarterly economic outlook, analysts said they expected growth to be stable, if unspectacular, over the next two years, but highlighted a cocktail of threats or "downside risks" – from the [...]

First real estate float on challenger stock market Aquis

English cricket facing tragedy if ECB doesn’t change, warns county boss

Psst… This is how to ski Les 3 Vallées without the crowds

By: Jake Cordell

All 1029 Articles

Subscribe