Trump has picked the worst possible day to announce the Chinese import tariffs, my colleague @LunaLinCN says. It's Sept 18 here, a day considered the start of Japanese aggression 87 years ago. Many Chinese see it as an unofficial day of national humiliation.— Anna Fifield (@annafifield) September 18, 2018
Tuesday, September 18, 2018
Monday, September 17, 2018
Friday, September 14, 2018
It used to be said that the governor of the Bank of England could correct irresponsible behaviour in the City with a discrete raise of his eyebrows.
Mark Carney has eschewed the twitching of eyebrows by blasting out his doomsday fears with a foghorn, or more accurately, by telling the Cabinet (which is leakier than the Titanic) that in the event of a no deal Brexit property prices will collapse by 35% in three years.
All very well and "cautious" maybe, if the comments had remained private. However, as he well knew, they would leak (and leak they did). Thus in the space of a few hours, Carney has crashed the property market and with it the British economy.
The Treasury has made much of the fact that Carney has been persuaded to stay on until 2020, in order to "steady the ship". Yet here is is deliberately trying to sink the ship with project Fear II.
This man should be removed from office ASAP, as he is trying to force his personal political agenda down our throats!
Thursday, September 13, 2018
Monday, September 10, 2018
GDP growth in July alone was up 1.6 percent, while it was 0.3 percent higher than in June, again above poll forecasts for 1.4 percent annual growth and a 0.2 percent monthly gain.
The boost in growth seems to have come about from stronger consumer spending due to the World Cup and warm weather.
Thursday, September 06, 2018
- Total membership of occupational pension schemes in the UK was an estimated 41.1 million in 2017, compared with 39.2 million in 2016 and is the highest level recorded by the survey.
- Total membership of public sector pension schemes was 15.5 million in 2017, compared with 14.8 million in 2016.
- Active membership of occupational pension schemes was 15.1
million in 2017, split between the private sector (8.8 million) and the
public sector (6.3 million).
- Active membership of private sector defined contribution schemes was 7.7 million in 2017, compared with 6.4 million in 2016.
- In 2017, for private sector defined contribution schemes, the average total (member plus employer) contribution rate was 3.4%, falling from 4.2% in 2016.
Monday, September 03, 2018
The pound is under renewed pressure on currency markets after the EU and leading Brexiteers voiced their opposition to Theresa May's Brexit plan, and UK manufacturing growth stuttered to its lowest level since the referendum.
Friday, August 31, 2018
Those who owe it money will still have to honour their debts, and those trying to claim compensation for alleged past misdemeanours will go to the back of the creditors queue.
Many in the media have been celebrating its demise. All well and good maybe, but those who used Wonga's services may now well end up going to loan sharks.
Tuesday, August 28, 2018
‘A former Tory pensions minister said the report laid bare “the two class pensions system – with the pensions aristocracy funded by taxpayers and the rest of the population who are struggling to save”’ https://t.co/gfoYm2VDNq— Christine #StandUp4Brexit (@CPierceUK) August 27, 2018
Wednesday, August 22, 2018
Reuters' analysis: foreign currency trading in London up 23% April 2018 on April 2016 to a record daily average of $2.7 trillion — double growth rate of New York, nearest rival. London dominated forex for 50 years. Now more dominant than ever. Accounts for 40% all world’s forex.— Andrew Neil (@afneil) August 22, 2018
Tuesday, August 21, 2018
No surprises here then!Just 31 tons to go! Russia added 25 tons of gold in July putting total gold reserves at 1,969 tons. Russia should have 2,000 tons by Labor Day. pic.twitter.com/znJpTXVsQV— Jim Rickards (@JamesGRickards) August 20, 2018