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No one should expect new, tougher scrutiny of the Silicon Valley behemoths by competition watchdogs in the UK or EU to progress without a fight. The digital giants have led a charmed regulatory life due to successful lobbying in Washington and state capitals in the US. It is only in the last few months that … Read more
ALEX BRUMMER: Eye-popping national debt is fine while interest rates remain low, but living on never-never is only sustainable short term In the UK, the Chancellor Rishi Sunak is projected to spend £280billion on the pandemic Donald Trump has finally put his signature to a bailout package which will pump a further £1.7trillion into the … Read more
ALEX BRUMMER: Resilient City can bounce back yet again despite being left to sink or swim in Brexit deal By Alex Brummer for the Daily Mail Published: 23:24 GMT, 25 December 2020 | Updated: 21:21 GMT, 26 December 2020 Britain’s status as the world’s fifth-largest economy will remain intact next year in spite of the … Read more
After several days of sheer misery caused by a worsening pandemic and the scenes of truck chaos at Dover, the financial markets and businesses nationwide may have something to celebrate. A reason, at last, to start putting the Champagne on ice. True to form, with a final deadline looming for a new UK-European Union trade … Read more
ALEX BRUMMER: Why Andrew Bailey’s bid to calm the storm around £237m savings scandal could cause MORE trouble By Alex Brummer for the Daily Mail Published: 00:29 GMT, 19 December 2020 | Updated: 00:32 GMT, 19 December 2020 The choice of Andrew Bailey as governor of the Bank of England in December 2019, just days … Read more
As one of the world’s great financial centres, one might think that funds for investment, capable of taking established companies and start-ups to the next level, would be easy to come by. Talk Talk, as a no-frills challenger in a telecoms and broadband market which has come into its own in the pandemic, is a … Read more
As a rule, public servants rarely apologise, even when faced with world-class mistakes. Montagu Norman never said sorry for putting Britain back on the gold standard in 1925 and there was no mea culpa from the late Eddie George over the Barings implosion in 1995. In that context, the apology by Andrew Bailey to bondholders … Read more
ALEX BRUMMER: A ‘global Britain’ must turn this dream into reality By Alex Brummer for the Daily Mail Published: 23:55 GMT, 16 December 2020 | Updated: 00:16 GMT, 17 December 2020 The dramatic reduction in flights worldwide due to the pandemic has done what decades of protests by green warriors failed to do – slashing … Read more
Fans of the steamy BBC dealing room drama Industry will be less than impressed at the flimsy evidence on which multi-million-pound trades on foreign exchange markets are made. A combination of guile, instinct and, occasionally, hard data drives trends. Currency dealers may have little more direct insight as to what is going on in the … Read more
ALEX BRUMMER: Pharma giant Astrazeneca’s £100bn plus valuation and £30bn bid for Alexion is a tonic for global Britain By Alex Brummer for the Daily Mail Published: 22:22 GMT, 14 December 2020 | Updated: 22:27 GMT, 14 December 2020 For the second time in the last six years, Astrazeneca (AZ) is defying the odds. In … Read more