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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Poorest households could lose more than £5,000 in benefits after Brexit

June 9, 2016

A vote to leave the European Union could result in some of the poorest households in the UK losing up to £5,542 a year in tax credits and welfare payments in a worst-case scenario. The National Institute of Economic and Social Research (Niesr) has calculated the likely impact of a vote to leave the EU on [...]
UK records strongest export growth since crisis as economy shrugs off Brexit fears

June 9, 2016

The UK posted its smallest trade deficit in seven months in April as bumper export performance proved the latest sign that Brexit uncertainty is failing to knock the UK economy. British firms and consumers bought £3.3bn more from abroad than they sold overseas in April, according to figures released by the Office for National Statistics (ONS) this [...]
Super Mario warns national governments that the cost of delaying reforms is painfully high

June 9, 2016

The president of the European Central Bank (ECB) has said political intransigence across the Eurozone is costing jobs and growth. Mario Draghi has upped the ante in his calls for reform in the Eurozone in a speech in Brussels this morning, warning that employment and productivity will take a unrecoverable hit if governments do not take his [...]
Flybe cruises into profit for the first time as a public company

June 9, 2016

Flybe soared into the black in the last financial year for the first time since listing on the stock exchange five years ago on the back of cheaper fuel and more bums on seats. But investors were not too impressed, as shares dropped two per cent in early trading. The figures Profit before tax at the Exter-based regional [...]
Online push helps Argos deliver best sales growth in two years

June 9, 2016

Argos has posted its strongest sales growth in nearly two years and is on track to be taken over by Sainsbury's later this year, results published this morning confirmed. The figures Sales at Argos climbed by 0.1 per cent in the first three months of the financial year on a like-for-like basis, coming in at a [...]
Corporate debt gets even cheaper as ECB launches next phase of quantitative easing

June 8, 2016

The cost of borrowing for big companies in the Eurozone nudged down today as the European Central Bank (ECB) launched its corporate bond-buying programme. From today, investment grade non-financial corporate debt is eligible to be included in the ECB’s €80bn (£63bn) a month quantitative easing package. Analysts suggest the Bank will try to buy between [...]
Which fans have the most expensive trip to Euro 2016?

June 8, 2016

English football fans will shell out more than one-third of their monthly earnings to watch the Three Lions in the flesh during Euro 2016, according to new research. Ladbrokes have worked out that the England fan will spend £562.45 on a trip to France during the tournament, along with a replica shirt, food, drink and accommodation. That [...]
Uncertainty? What uncertainty? UK economy picks up in May as Niesr estimates faster GDP growth

June 8, 2016

The UK economy is steering clear of a pre-referendum slowdown, a fresh estimate of economic growth, published this afternoon, has revealed. According to the National Institute of Social and Economic Research (Niesr), the economy grew by 0.5 per cent in the three months to the end of May, killing off the idea that Brexit uncertainty has paralysed [...]
England victory at Euro 2016 would hit bookies for £50m

June 8, 2016

Bookmakers would be smashed for £50m if England romp home to victory in Euro 2016 as punters have poured into home nations ahead of the tournament. William Hill said England was their customers' top pick for the competition, which kicks off in France this week, with 16 per cent of all bets going on them to [...]
EU rules could force Europe’s banks to raise €135bn in extra capital

June 8, 2016

Banks across Europe could be forced to move nearly half a trillion euros in assets to comply with new EU financial services regulations, ratings agency Fitch has found. If EU regulators opt for the toughest new rules regarding how government debt should be classified on balance sheets, banks would need to raise another €135bn (£105bn) [...]

School of Hard Knocks and Investec celebrate spring rugby tournament

School of Hard Knocks and Investec celebrate spring rugby tournament

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Jake Cordell

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