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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Inflation surges to two-year high as economists warn of huge price hikes

October 18, 2016

Prices are rising at their fastest pace in nearly two years as sterling's dramatic post-referendum demise looks set to bite consumers over the coming months. Inflation came in at one per cent in September on the consumer prices index (CPI), the Office for National Statistics (ONS) declared this morning – a big leap from the 0.6 per [...]
Nick Clegg attacked for claiming Brexit will cause food prices to rise

October 18, 2016

Nick Clegg faced a furious backlash yesterday evening as he was rounded on for claiming food prices would jump after the UK leaves the EU. As a new report reveals the creeping cost of the EU customs union and inflation figures due this morning are set to show price rises running at their highest level [...]
Sterling steady as rift opens between Philip Hammond and hard Brexiters

October 17, 2016

The weekend may have brought some welcome respite for currency traders after a frantic few weeks of selling and shorting, but the break still hasn't done sterling any good. It's as-you-were on the money markets today with the pound falling shy of $1.22 against the US dollar and €1.11 against the single currency. At lunchtime one pound [...]
Autumn Statement 2016: Could higher borrowing costs upset Philip Hammond’s plans for an infrastructure spending spree?

October 17, 2016

Interest rates for the UK government are rising at one of their fastest rates in nearly two decades as chancellor Philip Hammond prepares to unleash a multi-billion pound spending spree in his first Autumn Statement in five weeks' time. Borrowing costs for Hammond, as measured by the yield on the benchmark 10-year government bond, have surged in [...]
Eyes on Draghi as Eurozone inflation hits two year high

October 17, 2016

Inflation across the Eurozone hit a two-year high in September in more good news for Mario Draghi in his war with stagnant prices and sclerotic growth. Prices rose by 0.4 per cent over the 12 months to September, Eurostat said this morning, as measured on the consumer prices index (CPI). That was in line with [...]
Paris steals London’s crown as Europe’s top property market

October 17, 2016

London has lost its spot as Europe's top real estate market in the wake of the EU referendum. A leading index of Europe's most promising property hotspots found Paris has knocked the capital into second place for the first time in four years with the London market looking set for a bumpy ride as the UK [...]
Sterling slumps and stocks jump to end frantic week of trading

October 14, 2016

Financial markets ended the week on a considerably calmer footing than they begun, but five days of big movements have shattered the post-referendum swagger which was creeping back to corners of the City. Sterling finished on the back foot, shedding another 0.6 per cent against the dollar to finish things off below $1.22. However, that [...]
Solid figures show US still on course for December rate hike

October 14, 2016

The US Federal Reserve is still on course to hike rates by the end of the year after a reassuringly uneventful set of economic data out this afternoon. New numbers showed retail sales jumped by 0.6 per cent in September, bouncing back from a 0.2 per cent fall the month before. On an annual basis, consumer [...]
Deutsche Bank could cut another 10,000 jobs

October 14, 2016

Deutsche Bank could be preparing to cut another 10,000 jobs in a massive cost-saving drive. According to a Reuters report, the German lender's finance boss, Marcus Schenck, told staff in September the bank will need to "cut another 10,000 staff" on top of the 9,000 job losses announced by chief executive John Cryan last October. Read more: Deutsche [...]
George Osborne tells Theresa May to expand Heathrow

October 14, 2016

George Osborne has ordered Prime Minister Theresa May to give a green light for a third runway at Heathrow, just days before the new government is set to announce its decision on airport expansion. The former chancellor, who was sacked by May after six years in Number 11, said the case for expanding the west [...]

Revolut eyes trading and wealth push amid hiring spree

2026 Community Shield moved from Wembley to Cardiff over concert clash

The country hotel 45 minutes from London that’s perfect for spring

By: Jake Cordell

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