The Bank of England’s (BoE) Monetary Policy Committee has announced interest rates are rising from 1.25 per cent to 1.75 per cent. Interest rates have crossed the highest level since December 2008 after the biggest single rise since 1995, favoured by eight of the nine members of the BoE’s Monetary Policy Committee who voted…
Inflation is here to stay, with rising prices and a “cost of living crisis” at the top of the economic, political, and social agenda. The central banks and monetary policy have again come under the spotlight. While the issues change, the debate over how monetary and financial stability can best be sustained abides, Twenty-First Century…
Private equity was once an investment niche, but today the wealth controlled by its leading firms surpasses the GDP of some nations. Private equity has overtaken investment banking- and well-known names like Goldman Sachs and Morgan Stanley as the premier destination for ambitious financial talent, as well as the investment dollars of some of the…
UK inflation rate rises at highest in a decade at 4.2 per cent in October, amid fears over Covid recovery. Th jump, driven largely by rising fuel and energy costs, which puts further pressure on households across the UK. Demand for gas is pushing up energy prices worldwide, recovering from Covid pandemic. The shortages of…
Winston Churchill’s slogan “Keep Buggering On” became a national catchphrase during the Second World War. Duncan Weldon from The Economist highlights key themes from his brisk history of Britain’s economy since the industrial revolution, taking in everything from the South Sea Bubble to the impact of the financial crisis. According to Weldon the same issues…
Aon and Wills Towers Watson have departed from a $30bmn tie-up that would have created the world’s biggest insurance broker after the US government sued to block the deal. Greg Case, Aon’s CEO said: “the companies have reached an impasse with the US Department of Justice, which had overlooked the fact that our complementary businesses…
Neil Woodford dubbed by BBC as Britain’s own Warren Buffett, and “the man who can’t stop making money”, whose funds are built on a lie, which is that you can have daily liquidity for assets that are fundamentally not liquid, leading to an expectation of individuals that it’s not that different to having money…
Clyde Prestowitz who worked for President Ronald Regan, and renowned globalisation and Asian expert has advised subsequent US administrations offers useful advice for Joe Biden the new American 46th president to adopt, as resetting US relations with China will be one of his top agenda. The strategies that the United States and its allies can…
Lord Hamblem the Supreme Court judge said the court accepted the arguments from representatives of policyholders and dismissed appeals from insurers against an earlier judgement finding in policyholder’s favour, covering issues such as disease clauses, whether business was denied access to the properties and the timing of lost earnings. Following a Supreme Court ruling…
Respected financial journalist Alex Brummer and Brexit supporter was offering an argument for optimism in his must read book The Great British Reboot, and offers a manifesto for how to re-engineer the UK economy. Brummer’s prescriptions align with Prime Minister Boris Johnson’s political prospectus, despite the gap between strategy and implementation remains wide apart. His analysis of…