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

Unemployment numbers up and wage growth down: Why the UK labour market has started to stutter

April 20, 2016

Jobs and wages figures released today raised questions over whether the UK economy could be losing steam. Analysts were quick to point to a host of factors that could be at play, as well as what the numbers mean for everything from interest rates to Brexit. The figures The headline unemployment rate came in unchanged [...]
Wage growth falls and jobless numbers climb as Britain’s jobs recovery falters

April 20, 2016

Wage growth stumbled and the number of people out of work jumped in the three months to February 2016, according to numbers released by the Office for National Statistics (ONS) this morning, in a sign that the UK labour market could be losing steam. Pay packets grew by 1.8 per cent compared to last year [...]
At the open: Oil and China bring FTSE 100 back to reality

April 20, 2016

Buyers turned to sellers overnight as the feel-good factor across London trading floors evaporated and left the FTSE 100 to shed 0.4 per cent at the open – down to 6,378 from yesterday’s five-month high of 6,405. As trading books passed from London to New York, the States held on to gains – the Dow [...]
Kuwait oil strike called off, production increases and the price of Brent Crude tumbles

April 20, 2016

Well, that was short-lived. After yesterday’s optimism, the markets have settled back into something a little more familiar – sell-offs – after the Kuwait strike ended and the price of oil slid back from yesterday’s close of nearly $44 (£31) a barrel. After a three-day general strike, the trade unions called off the action and [...]
FTSE fightback: Markets surge to reach fresh 2016 highs as optimism returns to the City

April 19, 2016

The FTSE 100 enjoyed a spring rally today as stocks surged on the back of a rebound in the price of oil. The index of bluechip companies closed at its highest level since December 2015, up 0.8 per cent on the day at 6,405. It marks a far cry from the dark days of February, [...]
Mark Carney dismisses helicopter money as a “compounding ponzi scheme”

April 19, 2016

The governor of the Bank of England has written off the idea of the experimental monetary policy idea known as helicopter drops as a "compounding ponzi scheme". Mark Carney told the House of Lords Economic Affairs Committee this afternoon that he was "not a believer" in the concept of helicopter drops saying the policy would erode faith in [...]
Mark Carney comes out fighting over Bank of England’s role in the Brexit referendum

April 19, 2016

Mark Carney has told Lords that the Bank of England will continue to talk about how the EU referendum affects the UK economy in the run-up to the vote, that he broadly agrees with the Treasury's analysis of the impact of Brexit and warned that London could lose its status as a "pre-eminent" financial centre. [...]
“Fantastic Four” prepare to face off against the tax avoiders in new multinational initiative – so we don’t have to

April 19, 2016

Four of the world’s foremost international bodies are to team up to launch a fresh fight against tax avoidance in the wake of the Panama Papers. The revelations have claimed the scalp of one global leader so far, embroiled hundreds of others and left a trail of metaphorical destruction in their path. Now, the multinational [...]
Why has business confidence fallen to its lowest level since 2012? Brexit, of course

April 19, 2016

The Association of Chartered Certified Accountants (ACCA) has become the latest organisation to warn that the prospect of Brexit has put UK businesses on the back foot, in a new report out this morning. In its global economic outlook, ACCA said that confidence among UK businesses sank from minus 5.7 at the end of 2015 [...]
Brexit and China fears weigh on German investors as confidence edges back up

April 19, 2016

German investors are feeling a little more cheerful than they were this time last month, according to the Centre for European Economic Research (ZEW) indicator of economic sentiment, which climbed for the second month in a row. The barometer, widely watched by financial markets, came in at a reading of 11.2, up from 4.3 in March, where [...]

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By: Jake Cordell

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