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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Institute of Directors names Stephen Martin as new director general

July 28, 2016

Top lobby group The Institute of Directors (IoD) will today announce who will be taking over as its new director general – a role dubbed “the bosses’ boss”. Stephen Martin, a long-standing IoD member with a background in industry, has secured the high-profile position as chief of the 113-year old organisation after an eight-month long [...]
Watchdog in blistering attack on IMF’s role in Eurozone bailouts

July 28, 2016

The International Monetary Fund (IMF) has been slammed by its own watchdog for a string of failures in its handling of the Eurozone crisis. The IMF's Independent Evaluation Offices (IEO), which watches over the global rescue fund, said the body found itself in an unprecedented situation, but failed to act with the "agility", "accountability and [...]
Advanced economies stuck in trap of low growth and rising populism

July 28, 2016

The cycle of weak growth and political instability affecting the developed world was laid bare in a new report into the state of the world's largest economies, published this morning. Economies are trapped in a spiral of weak growth and growing debt while politicians fail to grasp the problems, leading to a political backlash and a clamour [...]
Should Philip Hammond cut VAT to support post-referendum economy?

July 28, 2016

Theresa May and Philip Hammond have promised to "reset" the government's spending plans in the wake of the EU referendum. George Osborne's goal to run a budget surplus has been abandoned while rumours about a massive injection of government spending are gathering pace. In 2008, as the Labour government scrambled to deal with the start of the slowdown, [...]
Rapid growth in household incomes powering Eurozone recovery

July 28, 2016

Household incomes grew by one of their fastest rates since the financial crisis in the Eurozone earlier this year, as the recovery in the single currency area picked up steam. Disposable income per person, which takes into account all kinds of incomes and expenditures, climbed by 0.9 per cent in the first quarter, up from a [...]
Turkey’s tourist numbers drop 40 per cent on terrorist attacks

July 28, 2016

The number of foreign visitors heading to Turkey plummeted in June as sun-seekers shunned the troubled country amid terrorist attacks and political instability. In total, 2.4m tourists visited Turkey in June, down 41 per cent on the same month last year in the biggest fall in more than two decades. Last month an attack at Istanbul's [...]
Brex-what? Confidence up as Eurozone still doesn’t care about UK’s exit

July 28, 2016

The Eurozone recovery remains resilient in the face of the UK's decision to break away from the EU, yet more economic data out this morning has shown. The leading barometer of consumer and business confidence, the official economic sentiment indicator (ESI), increased across the Eurozone in July, with nerves about the fallout from Brexit staying rooted on this [...]
Emerging markets are winning the dash for cash after Brexit vote

July 27, 2016

Emerging markets are one of the big winners from the UK’s vote to leave the EU as economies have benefitted from an influx of foreign capital. With bond yields crashing in the advanced world following the shock vote for Brexit on 23 June, Standard and Poor’s (S&P) said “yield-hungry investors” had flocked to more exotic [...]
Should the City be worried about the EU’s new Brexit negotiator?

July 27, 2016

The politician once dubbed “the most dangerous man in Europe” is set to lead the European Commission’s negotiations with the UK over the terms of Brexit. Frenchman Michel Barnier, a “friend” of Jean-Claude Juncker, scooped the newly-created chief negotiator role yesterday and is expected to be one the the EU’s top representatives in discussions with [...]
US Federal Reserve paves the way for pre-election rate rise

July 27, 2016

The Federal Reserve signalled the way to an interest rate rise before the US Presidential Election this evening as it heralded the strong pace of the economic recovery. Rate-setters left policy unchanged on this occasion, as expected, but a hike for only the second time since the financial crisis is now a distinct possibility for [...]

The UK’s risk aversion culture is holding back investment

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The Whisky Exchange’s top Cognac picks ahead of the annual Cognac Show

By: Jake Cordell

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