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If share prices are a crude indicator of confidence in the future of an economy, what should we make of the FTSE100 index closing on Friday at 6,550 – its highest point for nine months? Relief after the misery of last spring and a hope that come the summer we will be regaining much of … Read more
HAMISH MCRAE: In uncertain times, we must bolt down what we know, be frank about what we don’t, and make a cool judgment about the ways forward National Debt will end up at around 100 per cent of GDP before public finances come back under control It would be great if we could figure out … Read more
The new adventure begins. If you wanted to choose a moment when the UK starts to direct its economy away from Europe and towards the rest of the world, this is as good as any. On Wednesday we get Rishi Sunak’s Spending Review, setting out the Government’s plans to direct the 40 per cent plus … Read more
HAMISH MCRAE: Getting the next few months right will determine the future of PM Boris Johnson and his Government, and a solid business recovery is the key Whatever happens in the Brexit talks in the coming days, our businesses face a confused and disrupted few months ahead They need order and competence, but they also … Read more
HAMISH MCRAE: Weak President and weaker dollar might be positive outcome for American economy, and indeed for rest of world By Hamish Mcrae, Financial Mail On Sunday Published: 21:50 GMT, 7 November 2020 | Updated: 21:50 GMT, 7 November 2020 A weak President and a weaker dollar might turn out to be rather a positive … Read more
That was a tough week to end a tough month, with the FTSE100 index back to its lowest level since April. As this column warned three weeks ago, it was a glum autumn and it was going to get glummer. Well it sure has. What has happened since then has not just been the mounting … Read more
HAMISH MCRAE: Britain could profit if Joe Biden beats Donald Trump to become the next US President By Hamish Mcrae, Financial Mail On Sunday Published: 21:51 BST, 24 October 2020 | Updated: 21:51 BST, 24 October 2020 The US markets are pricing in a Biden victory and if they are right – they have of … Read more
HAMISH MCRAE: Too many people are giving their opinions about what ought to happen and not enough trying to work out what will happen By Hamish Mcrae, Financial Mail On Sunday Published: 21:51 BST, 17 October 2020 | Updated: 21:51 BST, 17 October 2020 Looking to the future: PM Boris Johnson The uncertainties mount. But … Read more
HAMISH MCRAE: Coming weeks will be difficult, but recessions, whatever their cause, always feel pretty dreadful – so far long slog out of this one is intact By Hamish Mcrae, Financial Mail On Sunday Published: 21:51 BST, 10 October 2020 | Updated: 21:51 BST, 10 October 2020 It is a glum autumn and it is … Read more
It is the biggest story in the world right now. What happens in the US matters more than anything else for our economy and our savings – and the possibility that Donald Trump might be incapacitated a month before the presidential election piles uncertainty onto uncertainty for all of us. So what does it mean … Read more