Yesterday was the fourth-worst day in US stock market history since 1928: I think we need to stop thinking this is a blip what will
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Postpone Brexit, now
It is quite astonishing how quickly Brexit has been forgotten. Coronavirus has swept it aside. But to ignore the fact that it is ongoing, and
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If you want to know what a cliff edge looks like – this does
Rishi Sunak, then and now. Who was right?
As a newly elected MP Rishi Sunak spoke in the budget debate of 2015, saying: That to me suggests a simple conclusion: in normal times,
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The markets are not convinced by Rishi Sunak
This morning’s chart for the FTSE 100 suggests that the markets are as unconvinced by Rishi Sunak’s budget as I was: As votes of confidence
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Each UK hospital has been, on average, doing just over one coronavirus test a day so far this week
I tweeted this last night: There are 1,257 hospitals in the UK. Yesterday they did 1,500 coronavirus tests between them. That is just over one
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Calm budget reflection suggests that Sunak has not as yet got any real awareness of the scale of the problem that’s facing him
It is time for calm budget reflection. Or rather, as calm a budget reflection as can be delivered on a day when the world appears
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Of course the bond markets aren’t fazed by more borrowing: they want all the bonds the government can issue and then some more
The quality of UK financial commentary is always a cause for despair. This comment comes from the FT this afternoon: The UK government announced its
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Lagarde is right: we’re heading for 2008, or worse
The Guardian reported today that: The president of the European Central Bank has warned that the coronavirus outbreak will spark an economic downturn in Europe
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