DEBATE: Should Theresa May push for a compromise with Labour to get her Brexit deal passed? February 13, 2019 Should Theresa May push for a compromise with Labour to get her Brexit deal passed? Jasmine Whitbread, chief executive of London First, says YES. Theresa May’s primary goal must be to avoid leaving the EU with no deal. That means that the government must stop behaving as if it has a rock-solid parliamentary majority, and [...]
Looking out for the next financial crisis? Keep an eye on spiralling debt February 13, 2019 Concerns are growing that another financial crisis is imminent. No less important a figure than Kenneth Rogoff wrote last week that “the next major financial crisis may come sooner than you think”. Rogoff, a former chief economist at the IMF, shot to fame with his 2008 book This Time Is Different, co-authored with his Harvard [...]
President Trump to meet Xi ‘very soon’ as markets hope for end to US-China trade war, Conway says February 12, 2019 President Donald Trump wants to meet with Chinese President Xi Jinping soon in an effort to end the trade war that has raged between the US and China, according to an adviser. Kellyanne Conway, previously Trump's campaign manager and now counsellor to the White House, told Fox earlier this week that Trump “wants to meet with [...]
Carney: Brexit could be the ‘acid test’ for a new global order and agreement must be reached February 12, 2019 Britain’s departure from the EU could be the “acid test” for a new global order, Mark Carney said today as he urged politicians to find a Brexit solution in the coming weeks. The Bank of England governor said Brexit had global implications and its outcome could determine whether international cooperation could exist alongside rising protectionism. [...]
MPs call for government to scrap ‘flawed’ inflation measure used to calculate rail fares and phone bills February 12, 2019 MPs have ramped up pressure on the government to fix errors in the “flawed” inflation measure used to calculate rail fares and mobile phone bills. The retail price index (RPI) lost its status as a national statistic in 2013 but, despite being branded a “very poor measure” by the Office for National Statistics, it is [...]
Should investors be worried about a EU turn in the Eurozone’s economic prospects? February 12, 2019 As the Eurozone’s largest economy, Germany usually acts as a bellwether for the rest of the bloc. So the European Commission’s decision to downgrade the country’s growth forecasts last Thursday is a worrying sign for the other euro nations. Expectations for GDP growth in Germany were cut to 1.1 per cent for 2019, down from the [...]
Let America’s radical socialists be a warning to British politics February 12, 2019 It is said that when America sneezes, the world catches a cold. Let us hope that the American left’s recent publication of its “Green New Deal” (GND) won’t be contagious enough to infect Labour here. Just over a week ago, Jeremy Corbyn had an in-depth phone conversation with Alexandria Ocasio-Cortez, the rising socialist congresswoman. The aim, it [...]
Post-Brexit immigration plans will stifle London’s economy, says CBI February 11, 2019 The government’s post-Brexit immigration plans will stifle London’s economy due to restrictions placed on overseas workers earning less than £30,000 a year, an influential business group has said. The new visa system, which would prevent firms employing workers under the income limit for more than a year, would particularly affect the accommodation and hospitality sector [...]
Central Bank of Ireland governor Philip Lane to be next European Central Bank chief economist February 11, 2019 Ireland’s Central Bank governor Philip Lane has received backing from eurozone finance ministers to become the European Central Bank’s chief economist. Lane was the only candidate put forward for the job and his role will be confirmed by EU leaders at a meeting next month. Read more: European Central Bank leaves interest rates unchanged He [...]
UK economic growth falls to six-year low February 11, 2019 UK economic growth slowed to just 0.2 per cent in the fourth quarter of 2018, new data released today by the Office for National Statistics showed. Quarterly gross domestic product (GDP) growth slowed after a strong third quarter where it grew 0.6 per cent. Annual domestic GDP growth for 2018 was 1.4 per cent, the lowest it [...]
