Bank of England holds monetary policy unchanged amid “greater uncertainty”on Brexit September 13, 2018 The Bank of England today left monetary policy unchanged amid “greater uncertainty” in markets on the Brexit process and a worsening global trade outlook. The Bank's monetary policy committee (MPC) raised its main interest rate, bank rate, on 2 August, in only the second increase in the decade since the financial crisis began, but minutes [...]
JP Morgan reckon the next big financial crisis is only two years away September 13, 2018 It's been 10 years since the last major worldwide financial crash brought down Lehman Brothers, and according to JP Morgan the next crisis could be just round the corner. Strategists at the investment bank have created a model which predicts the timing and potential impact of the next financial crisis – and they reckon it'll happen [...]
JP Morgan reckon the next big financial crisis is only two years away September 13, 2018 It's been 10 years since the last major worldwide financial crash brought down Lehman Brothers, and according to JP Morgan the next crisis could be just round the corner. Strategists at the investment bank have created a model which predicts the timing and potential impact of the next financial crisis – and they reckon it'll happen [...]
Britain’s hostility to international students puts trade deals at risk September 13, 2018 Some 11 years ago, in parliament, I personally spearheaded the change in rules to allow international students to automatically stay on in Britain and work for two years after graduation. Sadly, this was removed by the government in 2012, under the then home secretary Theresa May. Today, that inward-looking attitude hasn’t changed. This week, the [...]
Britain’s hostility to international students puts trade deals at risk September 13, 2018 Some 11 years ago, in parliament, I personally spearheaded the change in rules to allow international students to automatically stay on in Britain and work for two years after graduation. Sadly, this was removed by the government in 2012, under the then home secretary Theresa May. Today, that inward-looking attitude hasn’t changed. This week, the [...]
John McDonnell would hound gig workers out of their jobs with his socialist dystopia September 13, 2018 Since becoming shadow chancellor, John McDonnell has worn the appearance of a wolf in sheep’s clothing. This week, he reverted to type as a wolf in wolf’s clothing. His speech at the TUC Congress on the gig economy shouldn’t surprise us. This is, after all, a man who waved Mao’s Little Red Book when he [...]
John McDonnell would hound gig workers out of their jobs with his socialist dystopia September 13, 2018 Since becoming shadow chancellor, John McDonnell has worn the appearance of a wolf in sheep’s clothing. This week, he reverted to type as a wolf in wolf’s clothing. His speech at the TUC Congress on the gig economy shouldn’t surprise us. This is, after all, a man who waved Mao’s Little Red Book when he [...]
Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]
Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]
Bank of England: Hold fire until there is Brexit certainty says the shadow MPC September 13, 2018 City economists are all but certain that the Bank of England will hold interest rates steady today, only six weeks after raising interest rates and with the Brexit endgame fast approaching. The Bank’s rate-setting monetary policy committee (MPC) will announce its latest decision at midday, with all eyes on any tweaks to guidance around the [...]