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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Economists expect another month of stable inflation before sterling’s Brexit devaluation hits prices

August 13, 2016

Inflation figures out this week are expected to reveal sterling's dramatic post-referendum collapse is yet to hit prices for UK consumers. Statistics out on Tuesday, which will show how quickly prices rose in July, the first full month after the referendum, will also be watched closely by commuters as they determine how much train tickets will [...]
Holiday taxes add £131 to typical family getaway

August 13, 2016

A plethora of holiday taxes can add more than £130 to the typical family summer getaway, research by the TaxPayers' Alliance (TPA) has found. A combination of Air Passenger Duty (APD), the Insurance Premium Tax and the cost of VAT on holiday essentials such a sun cream and swimming costumes, sets vacationers back an extra £61.12 per adult [...]
US 2016 Presidential Election: The Clintons’ tax return shows the pair made more than $10m last year

August 13, 2016

Hillary and Bill Clinton raked in a total of $10.6m (£8.2m) in 2015, tax records released by the official Hillary for President campaign yesterday showed. The former president earned $6m from speaking fees and engagements, while Hillary Clinton, who is running to succeed Barack Obama in the White House took in more than $4m in fees and [...]
US 2016 Presidental Election: Donald Trump thinks he’ll only lose Pennsylvania if the election is rigged

August 13, 2016

Donald Trump has said the only way he will lose the state of Pennsylvania in the US Presidential Election is if the vote is rigged. Ramping up his rhetoric ahead of the 8 November poll, Trump said last night at a rally in the state: "The only way we can lose, in my opinion – [...]
Royal Bank of Scotland to ditch “RBS” in brand shake-up

August 13, 2016

The Royal Bank of Scotland (RBS) will become a name of the past for the majority of people across the UK, its chief executive said yesterday. The bank is set to kill off the RBS retail brand for everywhere outside Scotland, using less-toxic local brand names instead. That will mean in England and Wales, all RBS [...]
Hammond guarantees £4.5bn EU funding for farmers and scientists until 2020

August 13, 2016

Chancellor Philip Hammond has today pledged to match EU funding for British firms in the first guarantee of its kind since the UK voted to leave the bloc in June's historic referendum. Hammond has agreed that all UK projects that win funds under the various EU development programmes will be "fully funded, even when these projects continue beyond the departure from [...]
At the close: Sterling loses shine and FTSE 100 goes nowhere

August 12, 2016

Markets begun the weekend with a whimper today despite some notable summer data dumps as the FTSE 100 stayed stuck and the pound dropped down. Traders roundly dismissed some worse than expected official construction data which showed the industry entered recession in the second quarter of the year as a little out of date for their [...]
IMF: China faces bumpy road to sustainable growth

August 12, 2016

The Chinese authorities face "many challenges" in rebalancing its economy, the International Monetary Fund (IMF) has warned today. Conducting its annual health-check of the world's second largest economy, the IMF said China needed to step up its reforms of the unproductive state owned enterprise (SoE) sector, reform governance rules to promote financial stability and drop [...]
US dollar fades as retail sales stagnate and send sterling back above $1.30

August 12, 2016

The US dollar has sunk after fresh economic data showed the recovery stumbled in July. Retail sales flat-lined in the world's largest economy in July and factory prices defied expectations to fall into negative territory. The pound climbed back above $1.30, up 0.5 per cent on the day, reversing some of the losses from earlier this [...]
Helena Morrissey moves from chief executive to chair of Newton Investment Management

August 12, 2016

Helena Morrissey, one of the city's most influential figures, will move from chief executive to chair of Newton Investment Management as part of a leadership shake-up at the asset managers. Morrissey has been chief executive of the firm for 15 years, and will stay on as a non-executive chair of Newton's board. She will be replaced [...]

Fifa’s credibility is shot because it can’t decide what it wants to be

Fifa’s credibility is shot because it can’t decide what it wants to be

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: Jake Cordell

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