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

The deficit is even higher than we thought – again

May 24, 2016

The UK's deficit is even higher than first thought, according to new figures released today by the Office for National Statistics (ONS) this morning. Public sector net borrowing – the amount of cash the government has to borrow to plug the difference between its income and outgoings – came in at £76bn for the 2015/16 [...]
These are the MPs Mark Carney will be up against at the Treasury Select Committee

May 24, 2016

Nobody enjoys select committee hearings. Mark Carney, however, might be the exception to that rule. For a man who wears a pained expression every time he is probed on something Brexit-related, the governor of the Bank of England has really been stepping up the warnings of late. And it's set to make for a tasty showdown at [...]
MPC member Gertjan Vlieghe says the Bank of England could cut rates even if UK stays in the EU

May 19, 2016

Interest rates could be cut after the referendum, even if the UK votes to stay inside the EU, a member of the Bank of England's monetary policy committee (MPC) has said. Gertjan Vlieghe, who joined the MPC as an external member in September, told an audience at the London School of Economics (LSE) this evening that if there was no [...]
Feeding on the Fed: FTSE 100 slims down on prospect of US interest rate hike

May 19, 2016

Traders have been feeding on the Fed for the best part of 24 hours now, as they chew through a tasty release from the world's most important central bank. Depending on what you'd ordered, the Federal Open Market Committee (FOMC) either left a sour taste in the mouth or delivered some unexpected goodies. Equities and [...]
Politics, not economics, could undo the European recovery

May 19, 2016

A toxic combination of political risks in Europe pose the greatest threat to businesses across the continent, Standard and Poor’s (S&P) has warned today. Despite strong underlying fundamentals including robust consumer confidence and buoyant M&A prospects, the ratings agency said firms could be knocked off course by any number of political disruptions over the next few months. Brexit, [...]
European Central Bank (ECB) is not going to take any more of Germany’s flak

May 19, 2016

The European Central Bank (ECB) hit out at criticism of its independence during its monetary policy meeting last month in some surprisingly fiery minutes published this afternoon. The ECB said that it was vital to "counter the perception that monetary policy could no longer contribute to a return of inflation," as the minutes revealed growing exasperation [...]
Grexit threat fades as Greece records multi-billion euro surplus

May 19, 2016

Greece recorded a budget surplus of €2.4bn (£1.8bn) in the first four months of 2016, in the latest sign that the country's bailout programme is on track. The surplus in Greece's central government primary budget smashed its own target of around €500m off the back of lower spending by the Syriza-led administration. Spending was more than €2bn below [...]
Buy to let stampede not enough to stop mortgage lending from rising in April

May 19, 2016

The housing market shows no sign of letting up as mortgage lending came to a post-crisis high for the month of April, despite the buy to let stampede in March. Gross mortgage lending – the amount dished out by lenders to people buying new homes – came in at £18.5bn in April, up 16 per cent over the year [...]
Lots of shopping stopped the economy from dropping… maybe

May 19, 2016

Brits did not let poor weather, referendum nerves or weak confidence stop them from hitting the shops last month. Retail sales volumes were 4.3 per cent higher in April than last year, according to the Office for National Statistics (ONS), as falling prices brought shoppers out in their droves. Over the month, sales were up [...]
UK bank shares climb following Fed hike speculation

May 19, 2016

Bulls piled into UK banks this morning as the Remain camp took a boost in the polls and the US Federal Reserve signalled it could hike interest rates next month. Equites across the board tumbled – a standard reaction to signals of tighter monetary policy – sending the FTSE 100 down by 1.5 per cent [...]

Family businesses still face inheritance tax cliff edge

Premier League + ‘could hurt fan acquisition if rolled out globally’

Ford Mustang Sutton CS800DH review: Taming a wild horse

By: Jake Cordell

All 1029 Articles

Subscribe