Any other business
The welcome death of the ‘my truth’ investment boom
A colourful selection of news items this week seem to have a central thread. Elizabeth Holmes, founder of the Theranos…
Better to rebuild than argue over reparations
‘Reparations’, much bandied about at Cop27, is a dangerous word. It speaks of an admission of historic guilt, which no…
Business and markets offer Sunak a tentative welcome
Let’s hope Tuesday’s partial eclipse of the sun was a good omen for the return of Rishi Sunak to Downing…
The truth about corporate taxes
I’ve chosen to write about corporate tax rates this week not because they’re the sexiest subject available but because –…
A house-price crash will be just one effect of the Kwarteng calamity
Where next for house prices? Clearly, they’re going down as mortgage rates go up – and my forecast in May…
Is Credit Suisse the tornado on the banking horizon?
Headlines about ‘alarm over CreditSuisse’ might be read as a sign of normality in financial news, rather than the reverse.…
City slickers’ reaction to Kwarteng’s unfunded plan is entirely rational
‘Fury at the City slickers betting against UK plc,’ shouted the Daily Mail on Tuesday, after Monday’s mayhem saw the…
The bonus cap was boneheaded but is this the moment to scrap it?
Chancellor Kwasi Kwarteng – keen to sharpen the City’s competitive edge, we’re told – wants to remove the legislative cap,…
Never mind terrorising the Treasury, let’s see some energy-policy action
At His Majesty’s Treasury, it’s all looking a bit like Year Zero in revolutionary Cambodia. Kwasi Kwarteng’s first act was…
A cocktail of misfortunes is hammering the pound
My predecessor Christopher Fildes looked at exchange rates through a cocktail glass: three negronis for the Italian lira equivalent of…
Insult Macron at your peril: we may need his electricity
‘The jury’s out’, was Liz Truss’s pert response to the question ‘Macron: friend or foe?’ at last week’s Norwich hustings.…
Never mind the Bank’s mandate, clear out its board of directors
Liz Truss says she intends to review the Bank of England’s mandate, which has been fixed as a 2 per…
The realpolitik of Saudi oil profits and that infamous fist-bump
How outraged should we be that Saudi Aramco has reported a world-record quarterly profit of $48 billion, representing a giant…
Money-saving tips to beat the gloomy GDP figures
We’ll find out shortly whether official statistics agree with economists surveyed by Bloomberg who say UK GDP probably shrank by…
Why Centrica is right to restore its dividend
‘What’s worse, they’re paying the profits to shareholders,’ said a grey-haired woman ahead of me in the Co-op queue. ‘Bloody…
Shame the inflation price-rise opportunists
The government’s ‘cost-of-living tsar’, Just Eat co-founder David Buttress, was appointed last month as a Canutian gesture against the inflation…
Sack Heathrow’s boss? No, put him on the front line
Airports are on my mind, since I’ve just stepped off an on-time early-morning flight from East Midlands to Bergerac –…
The next black swan? Keep your eye on China’s banks
‘Black swan’ theory, developed by the writer Nassim Nicholas Taleb, refers to unexpected events that have extreme consequences but are…
Inflation pressures may be easing but the worst still lies ahead
Is anything anywhere getting noticeably better – economically speaking – or at least less bad? Are commodities and manufactured goods…
Oxford Street reborn could be the model for every British high street
Oxford Street is ‘a dinosaur district destined for extinction’, says Marks & Spencer boss Stuart Machin – whose plan to…
All’s calm on my morning train — but it won’t be by autumn
Here I go again, in my occasional role as your intrepid transport correspondent. Last week I reported on airport chaos,…
No wonder shares are falling but when will they turn?
Stock markets are tumbling, but given the tide of economic news, that’s hardly surprising. The S&P 500 index dived into…
Who dares ask how far Brexit is to blame for UK inflation?
After the Jubilee dream of a lovely lost Britain, back to reality with a face-slap: the reality of the £8…
