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The most distinguished alumnus of HM Treasury, John Maynard Keynes, once described it as ‘an essential bulwark against overwhelming wickedness’. That may be a trifle over the top. But it cannot be wise for No 10 to think that grabbing full control over economic and fiscal policy, in one of the most open economies in … Read more
ALEX BRUMMER: Lloyds banks on new frontiers as the mortgage market money tree fails to blossom By Alex Brummer for the Daily Mail Published: 21:51 GMT, 20 February 2020 | Updated: 22:08 GMT, 20 February 2020 Past misdeeds continue to haunt Lloyds. Chief executive Antonio Horta-Osorio has rendered it a safe bank, but flushing payment … Read more
ALEX BRUMMER: Sunak shuns the world stage at the G20 summit to focus on his first budget By Alex Brummer for the Daily Mail Published: 21:51 GMT, 19 February 2020 | Updated: 22:17 GMT, 19 February 2020 Putting to one side Britain’s special defence relationship with Saudi Arabia it is curious for a government partly … Read more
What on earth is going on at Britain’s biggest bank, HSBC? One can understand chairman Mark Tucker’s caution in not going to the substitutes’ bench too quickly when choosing a permanent new chief executive. But allowing the substitute to do the hard work, to hit some difficult goals and then to put him on the … Read more
ALEX BRUMMER: As the Woodford scandal has illustrated, the only people making money in many sub-performing active funds are managers and platform operators By Alex Brummer for the Daily Mail Published: 21:51 GMT, 17 February 2020 | Updated: 09:28 GMT, 18 February 2020 Savers, pension funds and other clients who have placed their faith in … Read more
Looney bins the old ways: New BP boss has hit the ground running with his radical carbon zero pledge, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 21:51 BST, 12 February 2020 | Updated: 21:51 BST, 12 February 2020 Bernard Looney has hit the ground running as chief executive of BP. Proposals … Read more
ALEX BRUMMER: Equifax scandal shows the dangers of giving Huawei a share of Britain’s 5G network By Alex Brummer for the Daily Mail Published: 21:51 BST, 10 February 2020 | Updated: 21:51 BST, 10 February 2020 Boris Johnson and members of the National Security Council who voted glibly to allow Huawei Technologies a 35 per … Read more
ALEX BRUMMER: Coronavirus threat could hurt the global economy and trigger more monetary easing By Alex Brummer for the Daily Mail Published: 21:51 BST, 29 January 2020 | Updated: 22:03 BST, 29 January 2020 The chunky £150billion or so wiped off European share prices this week as the threat of the coronavirus loomed into view … Read more
Savers who placed their trust in Neil Woodford’s fund management empire, many on the recommendation of broker Hargreaves Lansdown (HL), now know the scale of the damage done. The wind-up of the better, more liquid part of the portfolio will result in heavy losses. The best that can be expected is the return of 59p … Read more
ALEX BRUMMER: Reasons to be cheerful as Britain bounces back after three years of Brexit uncertainty By Alex Brummer for the Daily Mail Published: 21:51 BST, 24 January 2020 | Updated: 21:51 BST, 24 January 2020 After the sound and fury of the last three-and-a-half years, the Brexit bill became law this week when it … Read more