Downing Street has rejected Rachel Reeves’ suggestion that Donald Trump was responsible for Britain’s economic underperformance.
Reeves confronts a looming £20bn shortfall as the economy weakens.
Rachel Reeves faces a looming £20bn deficit in public finances, driven by soaring interest rates and weakening economic growth, economists at JP Morgan warn.
Budget tax hikes have pushed the economy into stagnation.
Rachel Reeves has been accused of “dragging the economy into stagnation” with her reference to a “£22bn black hole” in the public finances. Official data revealed that November’s growth fell
Rachel Reeves may keep pushing forward, but her fate is sealed
The Chancellor’s decision to travel to China while bond markets turn against Britain highlights a much larger issue, and it’s not a positive signal.
British Pound Plummets to Nine-Month Low as Government Borrowing Costs Surge
The British pound has fallen to a nine-month low amid a significant rise in government borrowing costs, pushing Chancellor Rachel Reeves close to breaching her own fiscal rules.
The pound will likely hit $1.35 next year, according to Goldman Sachs
Economists predict that the British pound will reach $1.35 next year, providing a favourable exchange rate for those converting currencies for holidays.
Bank of England policymaker Michael Saunders, get ready for early rate rise
The Telegraph newspaper reported that Michael Saunders, Bank of England policymaker, advised households to prepare for “significantly earlier” interest rate increases as inflation pressures the British economy.
Shaun Richards, independent economist, real Inflation rate, Furlough, QE, kicking the can
Shaun Richards is an independent economist who specialises in inflation measurement and monetary economics, Adviser to pension and investment funds. Bank of England watcher.
Ben Robson – The week of 8th-12th June 2020- Melt-up Madness!
I find the price action of equity markets disturbing. Friday is a case in point as the US Dow Jones rallied over 3% after a week of strong gains.