Yesterday it was made clear that Boris Johnson’s Government is going for broke. It is sparing no effort as it battles to stop the coronavirus sending Britain’s hardwon prosperity over a cliff and turning what is now an inevitable recession into a depression of a kind not seen since the 1930s, with large and enduring … Read more
ALEX BRUMMER: Andrew Bailey’s potent cocktail is bigger and bolder than anything done by the Fed or the ECB By Alex Brummer for the Daily Mail Published: 21:51 GMT, 19 March 2020 | Updated: 22:12 GMT, 19 March 2020 One of the remarkable aspects of the near three years of uncertainty over the UK’s departure … Read more
Since arriving in office in January 2017, Donald Trump often has cited the upward trajectory as a measure of his economic achievements. As the 2020 presidential election looms, he may feel a little concerned. His ‘America First’ handling of the Covid-19 crisis is terrifying commerce and financial markets. While there may be good public health … Read more
As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role. In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more
Retail never leaves the spotlight at present. The coronavirus always was going to highlight the corporate blunders of the past. Dixons Carphone is doubtless speaking the truth when it says that its ruthless decision to close all 531 Carphone stores was not virus-related. But one has to ask whether chief executive Alex Baldock would have … Read more
The current crash on financial markets feels very different to those of the past. Even though the fallout for ordinary citizens from the 2008 banking crisis devastated incomes, it was not a matter of life and death in the Western democracies. Social safety nets, and the fact that most who live in developed countries enjoy … Read more
Andrew Bailey’s first day as governor of the Bank of England saw a promise of ‘prompt action’ to deal with the financial fallout from the Covid-19 crisis. His pledge is a fresh signal that all is not well with the global monetary plumbing. The American central bank, the Federal Reserve, has intervened twice since last … Read more