After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Former BoE chief economist Andy Haldane to lead levelling up agenda September 19, 2021 Former Bank of England chief economist Andy Haldane has been appointed by Boris Johnson to head up a new taskforce charged with leading the government’s levelling up agenda. Haldane will be head of the new Levelling Up Taskforce, which will sit in a revamped housing ministry under Michael Gove that will be titled the Department [...]
Man of the match: Former saboteur Michael Gove expands Whitehall empire dramatically September 19, 2021 One-time saboteur Michael Gove dramatically expanded his Whitehall empire this week, after emerging as one of the big winners in Boris Johnson’s Cabinet reshuffle. Gove, who was given the Ministry of Housing, Communities and Local Government, has seen his department renamed the Department for Levelling Up, Housing and Communities – underlining its central roll in [...]
Inflation will keep breaching BoE target over next half decade September 17, 2021 Inflation will routinely breach the Bank of England’s target over the next half a decade, according to fresh data released today. The Bank’s latest survey on inflation expectations shows Brits think the rate of price rises will hit three per cent in five years’ time, one percentage point above the Old Lady’s target. Over the [...]
Tax-free savings accounts set to lose thousands as inflation keeps climbing September 17, 2021 The rise in inflation means cash ISAs are set to lose thousands in real terms over the next five years. The average interest rate on a cash ISA rate is currently 0.31 per cent, per the Bank of England on 31 July, while the rate of inflation is now 3.2 per cent. At these rates, [...]
A confusing catalogue of crypto curiosities – what a week that was! September 17, 2021 It's been a strange week in the world of crypto, writes Jason Bourne, as we reflect on a catalogue of curiosities.
China: what zero tolerance, supply chain disruption and floods mean for economic growth September 17, 2021 Ongoing disruptions mean that we have lowered our forecast for growth in China this year. Activity lost due to outbreaks of Covid and supply chain bottlenecks will be largely recouped, but the lagged effects of past policy tightening are only just starting to take effect. As a result we continue to expect growth to slow [...]
UK economic growth to smash official forecasts this year September 16, 2021 The UK economy will grow faster than official forecasters expect this year and the rate of expansion will be higher in the long term, according to a new report released today. Ratings agency Fitch says the British economy will grow 6.6 per cent this year, higher than the Office for Budget Responsibility’s four per cent [...]
Brexit: EU finserv groups call for extension to City clearing house access September 16, 2021 A trio of major lobby groups for Europe’s financial services sector have called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to the European Commission today, warning “there is a significant risk of market disruption for EU clearing members and their clients” if the [...]
Brexit: EU finance lobby calls for extension to UK clearing house access : CityAM September 16, 2021 A trio of major lobby groups for Europe’s financial services sector have called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to the European Commission today, warning “there is a significant risk of market disruption for EU clearing members and their clients” if the [...]
Higher than expected inflation clip drags London markets down September 15, 2021 London’s FTSE 100 dipped today, driven lower by a higher than expected inflation clip in August fuelling concerns the Bank of England may rein in stimulus measures sooner than forecast. The capital’s premier index closed down 0.25 per cent to 7,016.49 points, while the mid-cap FTSE 250 finished 1.07 per cent to lower, dropping to [...]