World Economic Forum to be held in Singapore in May December 7, 2020 From Davos ski fields to Singapore: World Economic Forum now heads to Southeast Asian city-state
The solution to the Covid economic crisis is more markets, not more government December 7, 2020 The Covid-19 crisis has caused an unprecedented contraction of the global economy. While it is remarkable how quickly and decisively governments and central banks reacted to the pandemic to bolster their economies, prevent the collapse of financial markets and seek to preserve jobs, our attention must now turn to how to deliver a sustainable economic [...]
Climate change analysis: what tools do investors need? December 7, 2020 | City Talk ‘Climate Change Analysis in the Investment Process’ is a significant report that explores the role of the financial industry in addressing the impact of climate change. Published by CFA Institute in September 2020, the report includes case studies of firms that are integrating climate-related analysis into their investment models. The report also provides six recommendations [...]
UK house prices grow at strongest pace in four years December 7, 2020 UK house prices soared by 7.6 per cent in the year to November, according to the latest figures from Halifax, as buyers sought more space and tried to beat the end of the stamp duty holiday. House prices rose 1.2 per cent month on month and 7.6 per cent year on year to hit an [...]
Biden names top economic advisers as Arizona, Wisconsin certify vote results December 3, 2020 Biden officially names Janet Yellen as Treasury secretary, setting stage for a more diverse White House
Economics lessons from history: Don’t expect a post-Covid boom December 2, 2020 Just over 200 years ago, the finances of the British government looked even more parlous than they do today. Since the mid-1790s, the country had been engaged in a titanic struggle with Napoleon’s France. To pay for the conflict, the government had borrowed on a massive scale. The cumulative financial deficit — the difference between [...]
The best medicine for the Covid economy? Tax reform December 1, 2020 In last week’s Spending Review, the scale of the economic challenge facing Britain was made unequivocally clear: the worst drop in GDP for centuries, unprecedented peacetime borrowing, and lasting scarring effects on productivity and the labour market. The chancellor is keen to stress that these problems will require a concerted response in the years ahead. [...]
Mortgage approvals jump to 13-year high as pandemic prompts house moves November 30, 2020 Mortgage approvals jumped last month as the coronavirus pandemic, and support measures such as the stamp duty holiday, prompted more people to move home. The number of mortgage approvals for house purchase reached 97,500 in October, compared to 92,100 the previous month, reaching the highest level since September 2007. Approvals were 33 per cent higher [...]
Got an idea to supercharge growth in left-behind Britain? Your country needs you! November 30, 2020 A lot has changed since the nation last went to the ballot box. A generation will never again take freedom for granted. The national debt exceeds 100 per cent of GDP. Lives have been lost, attainment gaps have widened, dying industries have been dealt a coup de grâce. But in one area the narrative has [...]
BoE’s Haldane sees inflation risks as economies bounce back November 29, 2020 Bank of England chief economist Andy Haldane said inflation could rise by more than expected as progress on Covid-19 vaccines and huge amounts of stimulus raised the chances of a swift economic bounce-back. “As the economic recovery gathers pace next year, it will be important central banks remain squarely focussed on their core medium-term price stability mandates,” Haldane said in a speech [...]
