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The dividend drought has begun. For people who rely on dividends for their income, either directly or indirectly through their pensions, the past three or four weeks have been a catastrophe. Share prices may have clambered back some 20 per cent from their lows of March 23, when the FTSE100 index dipped below 5,000 – … Read more
People are getting back to work. The Government will update its guidance as to what we should and should not do, but already within the present guidelines more and more companies are opening up. But only some can. What business needs now is clarity. Construction is in the vanguard of the march back. Persimmon, the … Read more
HAMISH MCRAE: We may not have coped with the coronavirus downturn very well, so now we have to manage the upturn better By Hamish Mcrae, Financial Mail On Sunday Published: 21:52 BST, 18 April 2020 | Updated: 22:28 BST, 18 April 2020 We may not have coped with the downturn very well, so now we … Read more
It is Easter – in any normal year, a time of renewal, of celebration and of hope for Christians and non-Christians alike. While these are the strangest of weeks, there is at least some good news. We can begin to see the turning point of the pandemic in several countries and glimpse the ways in … Read more
We have to get the economy going again, and it is time to start thinking about how this might safely be done. Sadly, the peak in UK deaths may not be for another week, as the Health Secretary Matt Hancock has warned. Even then, severe restrictions on movement will surely remain in place, and may … Read more
HAMISH MCRAE: Government and Bank can’t kick-start economic recovery by making us spend money that we no longer have or don’t want to part with after the health crisis is over By Hamish Mcrae, Financial Mail On Sunday Published: 22:55 BST, 28 March 2020 | Updated: 22:55 BST, 28 March 2020 At a human level, … Read more
For ten years, we were told there was no magic money tree. But austerity is over. In war, everything is different – and what we are witnessing is a classic case of war financing by the Government. The Chancellor Rishi Sunak is putting no limit on what he spends both to combat the coronavirus pandemic … Read more
Crash! Everything has changed over the past week – or has it? What has happened over the past few days is profoundly troubling, but when you get a shock such as this you have to distinguish between what is really new and different – and what is within our past experience. The global collapse (and … Read more
HAMISH MCRAE: Two Budgets are better than one – we need a crisis response AND a strategic plan By Toby walne for the Daily Mail Published: 23:45 GMT, 7 March 2020 | Updated: 10:18 GMT, 8 March 2020 It is the Budget again on Wednesday, but this time our new Chancellor, Rishi Sunak, has to … Read more
HAMISH MCRAE: The coronavirus is a tough test for the global economy… but we’re resilient By Hamish Mcrae For The Mail On Sunday Published: 22:16 GMT, 29 February 2020 | Updated: 22:16 GMT, 29 February 2020 Bang. Something had to trigger the next global economic downturn, but we did not know what it would be. … Read more