Editor’s Notes: The PM needs the citizens of nowhere to make London their home February 3, 2017 Theresa May has come a long way since her speech to the Tory party conference in October last year. Having been denied a meaningful leadership contest before entering 10 Downing Street, the new PM’s first few months in office left the more liberal wing of the Tory party pining for the metropolitanism of Cameron and [...]
As the Bank of England hikes its growth forecasts, is it time for economists to admit they were wrong about Brexit? February 3, 2017 Ruth Lea, economic adviser to the Arbuthnot Banking Group, says Yes. The Bank of England was far too pessimistic in August when it slashed 2017’s forecast growth rate to 0.8 per cent and its accompanying monetary package was premature, to say the least. Unsurprisingly, therefore, it has since upgraded this year’s growth prospects twice: to [...]
Liverpool top the list as English clubs are paid €38m by Uefa for sending players to Euro 2016 February 2, 2017 Football clubs in England were paid €20m more than any other nation by Uefa for releasing players to play in Euro 2016, new figures reveal. English teams received a collective €38.2m (£33m) for providing players to the Euro 2016 qualifiers and tournament in France last year. Liverpool were the most heavily remunerated of all English clubs, [...]
Bank of England in dramatic upgrade of UK growth forecasts February 2, 2017 Bank of England governor Mark Carney dramatically revised up growth forecasts today, while dismissing fears of banks leaving the UK after Brexit. The Bank now predicts no slowdown over the course of this year. GDP will climb two per cent, according to the Bank’s latest forecasts, the same rate as growth in 2016. The upgrade [...]
Here’s how much you need to save each month if you want to buy a home in London in the next four years February 2, 2017 If you're a first-time buyer in London hoping to get yourself somewhere to call home in the next four years, look away now – for a new study has suggested the average first-time buyer should be saving £2,300 each month if they want to buy a house in the capital by 2021. Yikes. The National Housing [...]
Brexiteers slam Irish Article 50 case lawyer’s claims that people were misled February 1, 2017 Brexiteers have hit back at a top tax lawyer bringing an Article 50 case in Ireland, who recently claimed his action's importance lay in the fact voters had been misled. Jolyon Maugham filed a case in Ireland last week, seeking an answer on whether the UK can revoke its Article 50 process without the approval of the [...]
Leaked report reveals top EU officials believe the remaining 27 member states will be damaged by a bad deal for the City February 1, 2017 A leaked report has revealed top EU officials are worried a bad Brexit deal that does not safeguard the City of London's status will backfire for the other member states. A document put together by the European parliament’s committee on economic and monetary affairs, which was seen by the Guardian, urges EU negotiators to strive [...]
How Trump’s presidency might affect your investments February 1, 2017 While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an effect. [...]
The City A.M. Shadow Monetary Policy Committee votes to hold rates steady February 1, 2017 The Bank of England (BoE) is expected to leave interest rates and its quantitative easing policy unchanged at the latest meeting of the rate-setting Monetary Policy Committee (MPC). Most economists expect serious talk of a rate rise to be reserved until the latter half of the year at least – and the possibility remains of a further [...]
How Trump’s presidency might affect your investments February 1, 2017 While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an [...]