by Christopher Nye | Nov 22, 2018
The schedule was fairly quiet yesterday, with only the public sector net borrowing figures for October set for release. The deficit surprisingly widened to £7.96 billion from £6.37 billion in the same month a year earlier. This was larger than the £5.35 billion gap...
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by Christopher Nye | Nov 22, 2018
Following Italy’s populist government’s refusal to change its deficit target of 2.4% of GDP, the European Commission announced its decision on budget drafts yesterday. Somewhat unsurprisingly, the EC rejected the Italian budget proposals for 2019, saying that Rome has...
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by Christopher Nye | Nov 21, 2018
Figures released yesterday showed that building permits in the US fell 0.6% in October from the previous month. This wasn’t as bad as it might have been, as the markets were expecting an even bigger decline of 0.8%. Meanwhile, housing starts for the same month...
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by Christopher Nye | Nov 21, 2018
The Italian budget row has been worrying investors for the past few weeks and today we could see even more fireworks. Last week, the Italian government refused to revise its draft budget for 2019, with Luigi Di Maio saying the government would maintain its deficit...
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by Christopher Nye | Nov 21, 2018
Backbench Brexiter Jacob Rees-Mogg called for Theresa May’s head yesterday and said that his fellow Conservative MPs must seize their chance to oust the Prime Minister now, or risk having her lead the Tories into the next election. There are currently 26 letters that...
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