The IMF still hasn’t understood the economics of Brexit
Output is under pressure. Prices are starting to rise, living standards are getting squeezed, and every day brings fresh stories…
Is Vince Cable really an economic guru?
Who has the most over-inflated reputation in British politics? Theresa May’s air of calculating caution is long gone, no one…
Meet the new leaders of Project Soft Brexit: Mark Carney and Philip Hammond
As double acts go, it is probably not up there with Eric and Ernie, John and Paul, or even Liam and…
The chances of a catastrophic Brexit have just dramatically increased
Sterling plunges on the currency markets. Middle Eastern oil money flees London. A Prime Minister resigns in mysterious circumstances, and…
If Corbyn wins, the markets will be in full-scale panic
Friday morning. A humbled looking Theresa May is muttering about how ‘defeat means defeat’, while Boris Johnson readies his leadership…
Today’s GDP data reveals one thing: Mark Carney should have kept his cool after Brexit
Inflation is rising. Real wages are stagnant, and GDP is being revised downwards, putting us down there with the likes…
The Tories’ biggest gamble? Over-estimating the strength of the post-Brexit economy
Unemployment is down. Retail sales are still strong. House prices are stable. Even the Great British Peso, the currency formerly…
Labour’s manifesto adds up… to economic ruin
Another day, another tax rise. So far in this campaign, the Labour party has rolled out one hit or another…
The last thing Brexit Britain needs is Labour’s old-fashioned socialism
Big hikes in corporation tax. A sweeping programme of nationalisation. Large increases in the minimum wages, a 20-1 cap on…
The four major flaws with Theresa May’s energy cap
Better access to education. Tax cuts for anyone in the struggling middle. More affordable homes, and more money for the…
We should jump at the chance to pay off the EU in euros
Thirty billion? Fifty billion? Eighty billion, and we have to cover the cost of Jean-Claude Juncker’s martinis for the next…
Nicola Sturgeon’s ‘neverendum’ is hammering the Scottish economy
Its economy will be destroyed by leaving the single market. Losing access to European sales will destroy swathes of industry,…
Mark Carney finally gets it: the real risk is a Brexit boom
It is possible that Mark Carney is not quite the last person to notice that the post-Brexit economy is positively…
Marine Le Pen’s plan to leave the euro is deranged
Unemployment is crucifyingly high. Factories have lost competitiveness. The share of euro-zone exports is in relentless decline. Industrial production is…
If the single market is so great for Wales, why is it so poor?
Industry will shrivel. Exports will dry up. The few remaining steel works will be closed down. And rugby will be…
After Brexit and Trump, it’s time for Davos Man to admit defeat
Business cards. Check. Contacts book. Check. Stylish ski jacket. Check. If it is mid-January, the global elite, and certainly anyone…
Economists called Brexit wrong, but so did the Bank of England
As confessions go, it was hardly the most revelatory. Cheryl Fernandez-Versini admits she has problems with relationships. Sir Philip Green…
A Brexit bust? No, the real danger lies in the debt-fuelled boom
At the Westfield shopping centre in east London, the queues started at 2 a.m. on Christmas night. In Wrexham, people started…
Scotland has nothing to gain from staying in the single market
The Scottish economy will be left in ruins. Tens of thousands of people will be thrown out of their jobs.…
If the Fed kick-starts global rate rises, the UK shouldn’t be left behind
One is growing at 2.9 percent, the other at 2.1 percent. In one retail sales are growing at 1 percent,…
Sorry Remoaners. The British peso is on its way back
We were about to see parity with the dollar. It was fetching less than an euro at the airport. Spiralling…
The Bank of England made a mistake. It should have admitted it
The currency has been devalued by more than 30 per cent. Interest rates have been pushed all the way up…
The markets couldn’t care less whether Mark Carney stays or goes – and neither should we
A crash in the pound, with sterling trading down at $1.15, and heading to parity. A spike in gilts, and…
Want a bank rescued? Don’t ask a German
Make a car? Sure. Win a Word Cup? Yup. Write a symphony? Without doubt. There are lots of things that…
Mark Carney has a shot at redemption tomorrow. Will he take it?
There are not many predictions that are safe to make in the financial markets. M&S’s results will always be disappointing…
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