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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The best – and worst – countries to do business in

May 11, 2016

While there may be warning lights flashing over the health of the UK economy, it is nothing compared to some of the turmoil being faced in countries further afield. Political uncertainty, an economic slowdown, oil price volatility and violent swings on the financial markets have dominated the start of 2016. Business and consumer confidence surveys are [...]
EU referendum: Gordon Brown joins the campaign arguing EU needs to root out tax havens

May 11, 2016

Gordon Brown has become the latest former prime minister to back Britain’s membership of the European Union this morning, calling for Britain to take a leading role in working across the continent to combat the abuse of tax havens. Speaking weeks after the Panama Papers revelations and with just six weeks to go until the [...]
At the close: Markets up as even the weather can’t dent City spirits

May 10, 2016

Traders clearly brought their umbrellas to work today as a London downpour and a spot of cloudy economic data was not enough to stop European markets from posting an impressive gain for the day. The FTSE 100 closed up 0.7 per cent at 6,156.65, the Cac 40 in France put on a modest 0.2 per [...]
London tops the UK as tourism hotspot, with tourists spending £36bn a year in the capital

May 10, 2016

The tourism industry is worth more than £15bn to London’s economy, more than any other region in the UK, new figures from the Office for National Statistics (ONS) have shown. Foreign tourists in the capital on business and holidays, along with day-trippers from the rest of the UK spent more than £36bn in London in [...]
The Bank for International Settlements is unconvinced that ending the dominance of the US dollar will protect the world economic order

May 10, 2016

Ending the dominance of the US dollar will not be enough to promote stability in the international monetary and financial system, a top official at the Bank for International Settlements has argued (BIS). The BIS, often called the central bank for central banks, questioned the prevailing theory that when one currency becomes the world’s effective [...]
Grexit odds shorten as potential debt relief deal brings the bailout saga back into the headlines

May 10, 2016

Greece may have edged closer to a deal with its creditors for debt relief, but the troubled Eurozone nation is not out of the woods yet, as bookies say there is a decent chance it could be kicked out of the single currency bloc. Yesterday, Greece's parliament passed controversial proposals to reform its pensions and tax [...]
Investment by private equity firms across Europe rose in 2015 as buyouts climb

May 10, 2016

Private equity investment across Europe grew by 14 per cent last year as investors pumped more cash into startups and high-growth firms across the continent. A total of €47.4bn was invested into companies by private equity firms in 2015, according to industry association, Invest Europe, up by one-seventh on last year. "Despite volatile financial markets and macroeconomic [...]
Niesr wades into Brexit debate with the latest assessment of how the UK economy would fare after Brexit

May 10, 2016

The UK economy could be up to eight per cent smaller if it votes to leave the European Union in the upcoming referendum, according to the National Institute for Economic and Social Research (Niesr). Brexit "would represent a significant shock to the UK economy," and would leave the economy between 1.5 per cent and 7.8 per [...]
The UK trade deficit hits a post-crisis high despite a slight improvement in March

May 10, 2016

The UK's trade deficit narrowed slightly in March, but it was not enough to prevent the UK from clocking its largest shortfall for the first quarter of the year since before the economic crisis. In March, the UK bought £3.8bn more goods and services from abroad than it sold to the rest of the world, a [...]
Germany’s current account just hit a record high – but not everybody is celebrating

May 10, 2016

Germany recorded its largest ever monthly current account surplus in March, as exports of Germany goods held steady in the face of global turmoil and imports dipped. Mo money … Firms sold a total of €107bn (£85bn) during the month – down just 0.5 per cent on March last year. Imports came in at €81bn, down four per [...]

‘Open the f**king strait’ – Trump issues brutal ultimatum to Iran

Newcastle United and Everton stadium sales are not solutions, they are delays

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

By: Jake Cordell

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