Joel Hills
Business and Economics Editor at ITV News
Business and Economics Editor, ITV News. Data, evidence, statistics, proof. And Pompey (occasionally).
Articles
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2 weeks ago |
itv.com | Joel Hills
“Never read too much into a single day’s trading,” as the saying goes. And quite right too, a bad day on the stock market is often followed by a bounce back. But sustained, steep falls in company share prices around the world is deeply troubling and indicative of high anxiety, if not panic. Investors had the weekend to cool off but woke up on Monday morning with the instinct to continue selling.
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3 weeks ago |
itv.com | Joel Hills
After Liberation Day, the hangover. President Donald Trump’s sweeping new tariffs have triggered a slump in stock markets across Asia and Europe. The dollar has fallen in value against a series of global currencies and government bonds. Trump’s trade onslaught is more aggressive than many expected.
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3 weeks ago |
itv.com | Joel Hills
Could the UK be about to sign a trade deal with the US? ITV News Business Editor Joel Hills reportsThere is almost nothing positive to say about Brexit, not least for the car industry, but Brexit may be about to serve up its first significant economic benefit. The government appears to be within touching distance of an agreement with the Trump administration that capitalises on not being in the European Union.
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4 weeks ago |
itv.com | Joel Hills
Growth over the rest of this parliament has been revised up, but there’s no sign of the 2.5% annual growth the government is targeting, ITV News Business and Economics Editor Joel Hills reportsFive months ago, the chancellor delivered a Budget that was supposed to fix the government’s finances and repair public services – now she’s been forced into making further savings. The economy has performed poorly.
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1 month ago |
itv.com | Joel Hills
If in doubt, do nothing. The Bank of England has voted to keep the cost of borrowing on hold, the Monetary Policy Committee (MPC) voting 8 - 1 to maintain Bank Rate at 4.5%. The nudges and winks suggest the next move will be down without any firm steer about when. “We still think that interest rates are on a gradually declining path,” says the governor, Andrew Bailey.
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Daughter Number 2: dad, when is the London Marathon? Me: 3 weeks today. DN2: how much do you want to raise? Me: £17,500. DN2: How much have you raised so far? Me: erm, nothing. DN2: do you think it might be a good idea to get started? She has a point.