The left’s support for university students is fuelled by political self-interest July 3, 2019 Why do left-wing politicians want to shower money on privileged members of society? In general, university students have a higher intellectual ability than non-students, and often come from more desirable socio-economic backgrounds. But leftists can’t do enough for them. For instance, Jeremy Corbyn in 2017 promised to abolish tuition fees from 2018 onwards. He went [...]
Mark Carney warns trade war could ‘shipwreck’ global economy July 2, 2019 Bank of England governor Mark Carney today warned that a trade war could “shipwreck” the global economy. Speaking in Bournemouth today Carney said financial markets had recently experienced a “profound transformation” driven by growing concerns over the impact of rising trade tensions and policy uncertainty. Read more: No-deal Brexit would cost UK £90bn, warns Philip [...]
FTSE 100 reaches two-month high as US-China trade war enters truce July 1, 2019 The FTSE 100 soared to a two-month high as European stocks rallied as G20 summit talks between President Donald Trump and Chinese premier Xi Jinping appeared to offer signs of progress. Trump said negotiations to end the economic dispute are “right back on track” after pledging to pause any new tariffs on Chinese goods in [...]
Low growth predicted in second quarter as Brexit uncertainty and rising costs bite July 1, 2019 Two of Britain’s biggest business groups have warned of dismal growth for the second quarter of 2019 as political turmoil and rising costs take a heavy toll on the UK economy. Downbeat forecasts for the health of the country’s private sector have been laid bare by two major business trade bodies, the British Chambers of [...]
Brexit stockpiling helps UK economy grow 1.8 per cent in early 2019 June 28, 2019 Brexit stockpiling gave a 1.8 per cent boost to the UK economy in the first quarter of 2019 compared to the same quarter last year, figures confirmed today. UK GDP rose 1.8 per cent in January to March compared to its corresponding 2018 quarter. That figure beat the 1.4 per cent quarterly growth between October [...]
US and China ‘agree tentative trade truce’ ahead of G20 summit June 27, 2019 China and the US have reportedly agreed to a tentative truce in their ongoing trade war, two days before crucial talks at the G20 summit this weekend. Details of the agreement, which would scrap plans for a further round of US tariffs on an additional $300bn (£236bn) of Chinese goods, will be laid out in [...]
UK economic growth expected to slow as Brexit and global tensions bite June 27, 2019 The UK’s economic growth is expected to slow as prolonged uncertainty over Brexit and global headwinds take their toll. Audit firm KPMG said today it expects the UK’s gross domestic product (GDP) growth to reach 1.4 per cent in 2019, falling to 1.3 per cent in 2020 – down 0.2 per cent since its last [...]
Carney warns that Woodford-style funds are ‘built on a lie’ June 26, 2019 The governor of the Bank of England Mark Carney blasted funds like Neil Woodford’s today which he said were “built on a lie”. Woodford’s flagship £3.7bn Equity Income Fund was frozen earlier this month after it was hit by a wave of withdrawals it could not meet. Carney told MPs on the Treasury Committee that [...]
Tragedy awaits if we don’t bridge the gap between beliefs and reality in the NHS June 26, 2019 A tragic story over the weekend revealed how a man who died of lung cancer was failed abysmally by the NHS. Two separate sets of doctors omitted to tell him for over a year that he had the disease. The added poignancy of the news item was that the victim was a relative of Nye [...]
UK retail sales see biggest drop for 10 years in June June 25, 2019 UK retail sales fell at the fastest pace in over 10 years this month, according to a survey released today, due in part to the warm weather and football world cup last June. Read more: Pound falls as UK economy shrinks by 0.4 per cent in April Nonetheless, the closely-watched survey from the Confederation of [...]
