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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One more survey that shows the living wage and Brexit fears are hitting hiring

May 3, 2016

Brexit fears and the introduction of the national living wage are holding down pay and stopping firms from taking on staff, the latest jobs report from Adzuna suggests. The online recruiters said that advertised salaries for vacancies in the UK stood at £33,815 in March — down two per cent on last year — while [...]
EU referendum: Free market think tank says Britain should follow the Norway model after it votes for Brexit

May 3, 2016

If the UK votes to leave the European Union it will have to become a member of the European Economic Area (EEA), a free market think tank has said today, in a challenge to Leave campaigners to present a viable idea of what the UK would look like after Brexit. The Adam Smith Institute (ASI) [...]
Businesses rattled as latest survey points to an economic slowdown

May 3, 2016

Business confidence has plummeted during the last few months due to severe volatility on the financial markets, the approaching EU referendum and the introduction of the national living wage, according to a new survey out today. The latest confidence monitor from the Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton, fell [...]
Gold prices surge as weak dollar pushes precious metal above $1,300

May 2, 2016

Gold prices reached a 15-month high today as concerns around the strength of the US dollar and general volatility in the currency markets pushed up the price of the safe haven asset. The price of an ounce of gold broke through the $1,300 (£888) mark for the first time since January 2015 on Monday morning – [...]
Latest PMI survey suggests Eurozone’s manufacturers are not feeling the economic recovery

May 2, 2016

Europe's manufacturing industry struggled for momentum last month, as the purchasing managers' index (PMI), which measures output in the sector, remained weak despite strong economic growth during the first quarter of the year. The PMI – where scores above 50 indicate expansion – came in at 51.7, a slight increase on March's score of 51.6, though one [...]
Italy’s banking crisis deepens as failed capital offering sends stocks plunging across the industry

May 2, 2016

The Italian banking sector took yet another blow over the weekend as one of its lenders failed to raise extra capital from shareholders causing stocks to plunge on Monday morning. Private sector investors agreed to buy just 7.7 per cent of the €1.5bn (£1.18bn) capital offering from Banca Popolare di Vicenza, which had been told by the European Central [...]
Mobile working, flexible working, cloud-based working … is any of it actually working?

April 29, 2016

Technology’s influence over the business world has caused an undeniable shift in the way modern professionals conducts their working lives. Cloud-based servers and remote desktop software has meant that employees can work efficiently from pretty much anywhere. So, many ask, can the physical office survive in the digital age? Perhaps unsurprisingly, I believe the office [...]
Fire alarm closes High Street Kensington tube station

April 29, 2016

High Street Kensington underground station has been evacuated after an electrical room in the adjacent shopping centre was flooded and a fire alarm went off. Shortly before 12.30pm, London Fire Brigade (LFB) responded to reports of a fire alarm which was sounded in shops close to the underground station. A crew of three fire trucks [...]
Bank of England warns UK’s largest lenders they will pay the price for ending “too big to fail”

April 29, 2016

The Bank of England has told the UK's largest lenders that ending the era of "too big to fail" will make it more expensive for them to do business. There will "inevitably be higher costs" for banks as a result of the new regulatory requirements being placed upon them, Jon Cunliffe, deputy governor for financial [...]
Do stock markets care about GDP? Maybe, but not in the way you might expect

April 29, 2016

Looking across the western world, from the United Kingdom to the United States to the Eurozone, it is clear that domestic growth data has minimal immediate impact on stock markets. This morning, Eurozone GDP quite impressively beat expectations, but 10 minutes later, the Euro Stoxx 50 was lower. Within half an hour of the slowdown [...]

Sunak pushes deregulation as North Sea pressure grows

UK Sport: We invest £32m in winter sports because Britain cares deeply

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Jake Cordell

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