
Articles
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1 week ago |
thisismoney.co.uk | Hamish McRae
The bond vigilantes are on the warpath, and this is bad news for the Chancellor. They are prowling the streets everywhere, hunting down any government they think is borrowing too much and beating it up by pushing up long-term interest rates. The UK is not alone. The US and Japan also saw the cost of financing their national debt rise last week.
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2 weeks ago |
thisismoney.co.uk | Hamish McRae
Don't get too excited about the rapprochement between the UK and the EU that Sir Keir Starmer is seeking to establish at the summit in London tomorrow. Even if all the argy-bargy about fishing rights and young Europeans coming to Britain is settled, any gains from a somewhat closer economic relationship with Europe will be marginal.
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3 weeks ago |
spectator.com.au | Hamish McRae
We’ve learnt three things about the future of world trade from the temporary reprieve over tariffs that the US has given China – and China’s response to it. One is the markets are now confident that both countries will be sensible. The massively negative reaction they gave to ‘liberation day’ on 2 April signalled their hatred of uncertainty but also of stupidity.
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3 weeks ago |
spectator.co.uk | Hamish McRae
We’ve learnt three things about the future of world trade from the temporary reprieve over tariffs that the US has given China – and China’s response to it. One is the markets are now confident that both countries will be sensible. The massively negative reaction they gave to ‘liberation day’ on 2 April signalled their hatred of uncertainty but also of stupidity.
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3 weeks ago |
thisismoney.co.uk | Hamish McRae
It is not the greatest trade deal on earth. Forget about that. But the fact that the UK has reached agreements with both India and the US in the past week points to something important. We should try to realign our trade with the fast-growing countries of the rest of the world rather than the slow-growing ones of Europe. Growth matters more than proximity. As far as the US is concerned, this is fine. It's a limited agreement and in any case the devil is in the detail.
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