Richard Buxton: UK in the dark about life beyond Brexit
OMGI chief executive Richard Buxton has said the UK cannot plan for its post-Brexit future with any certainty as the one-year anniversary of Theresa May triggering Article 50 approaches.
Macro News
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France increases tax breaks for Brexit talent
France has increased its bid to attract business amid the uncertainty of Brexit, using a little known rule allowing employees moving to France to enjoy income tax exemption for a total of eight years.
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Escalation of Trump trade war could create opportunities
The potential for trade wars to escalate could create buying opportunities for investors as global stock markets tumbled overnight on President Donald Trump’s plans for tariffs on up to $60bn (£42bn) of Chinese products.
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Hermes CEO’s damning verdict on Brexit
Hermes chief executive Saker Nusseibeh has delivered a damning verdict on the UK’s negotiating hand one year since it officially announced it was wrangling its way out of the European Union.
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Devil is in the dots: Widely-predicted Fed hike unsettles investors
The Federal Reserve’s dot plot unsettled markets as Jerome Powell delivered a widely expected rate hike in his first meeting since succeeding Janet Yellen as chair of the central bank.
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Sterling spikes as wages up by 2.8%
Sterling was up against the dollar this morning as wages grew faster than expected, according to the Office for National Statistics (ONS).
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Inflation drops to 2.7% but ‘picture remains bleak’
The Consumer Prices Index (CPI) dropped to 2.7% in February, down from 3% the month before, setting inflation on a slow course towards the Bank of England’s 2% target.
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Brexit transition deal leaves unanswered questions
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
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Esma expects more asset manager moves before Brexit
UK-based asset managers may have to shift operations to the EU 27 if a transition deal is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
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Brexit and Remain voters show investment biases
Brexit voting regions are more likely to favour UK equities over eurozone equities, while the opposite is true for Remain voting regions, according to the latest investor sentiment survey from Lloyds Private Bank.
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Quilter Cheviot: This is not a long bull market
Quilter Cheviot’s chief investment strategist Alan McIntosh argues the length of the current bull market will not determine when it ends and he sees no sign of it slowing anytime soon.
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Business lobby slams Labour and Tory policies
The president of the Confederation of British Industry has slammed the economic policies of both the government and the opposition in a speech to business leaders, arguing renationalisation proposed by Labour ranks alongside a hard Brexit for its damaging impact on the UK.