Swiss minister says country unlikely to sign EU deal soon September 1, 2019 Switzerland and the European Union are unlikely to reach an agreement this year over their long-awaited partnership treaty, the delay of which has caused relations to sour, the country’s economy minister said today. Read more: Eurozone output beats expectations in August but economy remains weak Economy minister Guy Parmelin also said it would be “risky” [...]
Sajid Javid to meet City figures for talks on a no-deal Brexit September 1, 2019 Sajid Javid will meet key City figures tomorrow in a bid to persuade them that a no-deal Brexit could provide opportunities for businesses. The chancellor is to hold a meeting with the bosses of financial powerhouses such as Barclays, Goldman Sachs and the London Stock Exchange Group on Monday, which will also be attended by [...]
US to hit China with new wave of 15 per cent tariffs as trade war escalates August 31, 2019 The US is set to impose new tariffs on a range of Chinese goods on Sunday as the trade war escalates further. The US is expected to hit billions of dollars worth of Chinese imports to the country with a 15 per cent tariff. Read more: US President Donald Trump’s personal assistant leaves White House [...]
Mortgage approvals hit two-year high while consumer credit growth remains stagnant August 30, 2019 Mortgage approvals for July hit a two-year high according to official data released on Friday. The Bank of England data revealed that lenders approved 67,306 mortgages last month, up from 66,506 in June. Read more: Londoners pay highest UK house premium to live closer to a station The housing market has endured a slowdown since [...]
UK households’ inflation expectations at highest in six years, survey reveals August 30, 2019 UK households are expecting inflation to rise over the next 12 months as the possibility of a no-deal Brexit increases. The public’s expectations for inflation are at their highest level since 2013, according to a survey from US bank Citi and pollsters YouGov, released on Friday. Read more: UK consumer confidence staggers in face of [...]
Trade is being weaponised – and it’s driving the G7 apart when we need the alliance most August 30, 2019 In the recent past, the G7 has largely been a talking shop for the leaders of the world’s biggest economies, who gather for a couple of days before sending out a communique generally agreeing that the western consensus should be maintained, and that globalisation is a good thing. Last year, all that changed. Who can [...]
UK consumer confidence staggers in face of no-deal Brexit August 30, 2019 Consumer confidence in personal financial situations slumped in August, driven by the increasing uncertainty caused by Brexit. A measure recording changes in personal finances during the last 12 months fell by two points this month to -1, a decline of five points compared to August last year. Read more: UK consumer confidence slumps in June [...]
Cebr poll: Most Brits expect a UK recession within a year August 29, 2019 Most Britons expect the UK economy to fall into a recession this time next year, a survey showed today, as consumer confidence tumbled to a six-year low in August. Read more: Into the red: UK economy shrinks for first time in seven years The latest analysis from Yougov and the Centre for Economics and Business [...]
European stock markets cheered by soothing words from China on trade war August 29, 2019 European stock markets have been boosted this morning after the Chinese commerce ministry said it was in talks with the US over the two sides’ raging trade war. Read more: China announces measures to tackle trade war-driven slowdown Gao Feng, the ministry’s spokesman, said China was opposed to further escalations of the trade war and [...]
French growth revised upwards in ray of hope for Eurozone August 29, 2019 France’s economy grew faster than initially estimated in the second quarter in a piece of good news for the struggling Eurozone, official statistics have shown. Read more: German consumers surprisingly upbeat as country slides towards recession French GDP grew by 0.3 per cent in the second quarter of 2019, up from an initial estimate of [...]