Tag Archives: trade

Was Dominic Cummings pushed to save the pound?

The abrupt fall from grace of Dominic Cummings, the much-admired and much-loathed adviser to UK Prime Minister Boris Johnson, has sparked all sorts of theories as to what was behind it, and with good reason.

Cummings’ actions have been divisive and often controversial, starting with his choice of “misfits and weirdos” to replace civil servants whom he sacked unceremoniously, to the famous drive he took across the country while both he and his wife were ill with Covid-19 and a national lockdown was in place.

Continue reading

Boris Johnson is about to reap what he sowed

By Michael Brett

So Boris, as he likes to be called, hopes he can reassemble a disjointed Britain.  Under his benign leadership families that were torn apart by violently differing views on EU membership can be restored to harmony and domestic bliss.

The 29 million-odd people WHO DID NOT VOTE TO LEAVE THE EU in the 2016 referendum are to be dragged out willy-nilly to satisfy the 17.4 million who voted to leave. This is widely hailed as democracy.

Brexit rules the waves (which, incidentally, can only be used in future to transport goods at the cost of a hell of a lot more paperwork, restriction and delay). We will be poorer in the future than we would have been as EU members. Even the would-be leavers are forced to concede this.

How on earth did we land in this situation?

Continue reading

Boris Johnson’s Brexit bus is broken

As Conservative Party members vote for the next UK prime minister — the one who will maybe, possibly, finally take Britain out of the European Union — they face a depressing choice: neither of the candidates is prepared for the role, and neither will create any ‘Brexit dividend’.

Continue reading

If you are stockpiling ahead of Brexit, you need to stop

I know the chances of anyone paying attention to this article are slim, but it’s worth putting it out there nevertheless. If you are stockpiling to prepare for Brexit, as it increasingly is the fashion, you need to stop. You are doing yourself and the others around you more harm than good.

Continue reading

Rising protectionism will make us all poorer

When the governor of the Swiss central bank sounds alarmed, it is time to take notice. Switzerland, famous for its cheese but also for its prosperity, has built its economy around trade, and Thomas Jordan is worried that protectionism will now ruin it.

Continue reading

If ‘Brexit means Brexit’, why worry about an EU deal?

You’d expect that the more we find out about the UK government’s negotiation stance on leaving the European Union, the less uncertain things become. But it’s just the opposite.

Continue reading

Investors not worried about Chinese currency devaluation

The People’s Bank of China (PBOC) is likely to pursue a stable-to-weaker renminbi this year, a survey of investors showed recently.

Continue reading

US dollar strength could spark major crisis: experts

The strengthening US dollar after the end of the Federal Reserve’s quantitative easing could starve the world’s financial markets of as much as $10 trillion in liquidity, investment advisory firm CrossBorder Capital has warned.

Continue reading

Chinese currency could hurt the rest of the world

The Chinese currency will weaken and this will hurt the international economy, economist Andrew Smithers said in a recent report on the second biggest economy in the world.

Continue reading