Cabinet ministers back Tory push against Sunak for lower taxes post-Covid April 21, 2021 Some of Boris Johnson’s highest profile cabinet members are among 46 Tory MPs that today backed a new campaign group aiming to push Rishi Sunak to adopt a more low-tax agenda post-Covid. The Free Market Forum, run by the Institute of Economic Affairs think tank, will look to “refocus the political debate” toward “free enterprise [...]
Treasury Select Committee chair calls out UK banks for treatment of SMEs during Covid crisis April 20, 2021 Treasury Select Committee chair calls out UK banks for treatment of SME during Covid crisis
Four keys to better decision making – Daniel Kahneman April 20, 2021 | City Talk CFA Institute has transformed its annual conference for 2021, with a binge-worthy digital format and an exciting slate of speakers. Join us for the Alpha Summit on 18 May 2021. Daniel Kahneman delivered a captivating mini seminar on some of the key ideas that have driven his scholarship, exploring intuition, expertise, bias, noise, how optimism and overconfidence influence [...]
Before the Bell: UK remains steady as economy slowly starts to reopen April 20, 2021 European stocks started the week in a subdued fashion, with the FTSE100 only just managing to close above the 7,000 level, while the DAX also slipped back from its record highs of last week. US markets also finished the day on the back foot, weighed down largely by weakness in tech stocks, which may well [...]
Sterling rises to highest levels for a month April 19, 2021 The pound rose to its highest levels against the dollar for a month as the UK’s recovery from the Covid-19 downturn continues. Sterling was up 1.1 per cent at $1.39 as of 9:00pm, the highest it has traded against the greenback since mid-March. Against the Euro, it was 0.7 per cent higher at €0.86. The [...]
UK leads race across Europe to introduce interbank digital currency April 19, 2021 The UK is ahead of the curve when it comes to digital currency adoption, according to new research, and could A report by PwC reveals the UK is fifth in the world when it comes to preparing for the adoption of a central digital currency although a consumer offer remains a while off yet. Like [...]
Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran April 18, 2021 More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cent [...]
UK imports to EU halve in first two months of year April 16, 2021 UK imports to the EU nearly halved in the first two months since Britain left the single market, new figures this morning showed. Imports dropped 47.0 per cent over January and February, while exports of the bloc’s products back across the Channel slipped 20.2 per cent, figures from Eurostat show. As a result of the [...]
China records best ever GDP growth in post-Covid bounce-back April 16, 2021 China’s economy grew by the fastest rate in its history as the country left last year’s lockdowns far behind. The world’s second biggest economy saw GDP grew 18.3 per cent in the first quarter of 2021, compared to the same period the year before. It is the fastest rate of growth since China began tracking [...]
Stimulus cheques from Washington boost US retail spending, but 576,000 file jobless claims April 15, 2021 Stimulus cheques from Washington boost US retail spending, but 576,000 file jobless claims
