Markets Economy

Markets and Economy

Calls for ‘orderly’ Brexit to avoid damaging global M&A

The international deals market could suffer a deficit equivalent to more than £1 trillion in lost activity in the wake of the Brexit vote if the UK government does not act quickly to ensure an “orderly and swift” departure from the EU, a study published today has found.

Markets Economy
he duty of central banks is to take away the punch bowl once the party gets started. Picture: Getty Images/iStockphoto

Bill Jamieson: Banks filling up ever more potent punch bowl

Every so often we are reminded that the duty of central banks is to “take away the punch bowl once the party gets started”. But today, despite seven years of pouring copious amounts of alcohol into the bowl, the party is still struggling to start.

Philip Hammonds Autumn Statement will respond to economic indicators. Picture: Kirsty Wigglesworth/AP

Bill Jamieson: crisis that’s been staring us in the face

For the past few months we have been spared attention on the bigger and more immediate problems Scotland faces. As George Orwell once noted: “To see what is in front of one’s nose needs a constant struggle.”

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Balance transfer cards are designed to give people time to repay their debts, but not all borrowers can do so before the interest-free period ends

Lenders zero in on credit card transfers, but are consumers too indebted?

Calls are growing for new curbs on 0 per cent balance transfer credit cards as lenders target squeezed customers with increasingly long deals.

Markets Economy
New Chancellor of the Exchequer Philip Hammond is keeping a close eye on how the Brexit vote affects the economy as he considers his Autumn Statement. Picture: AP

Economy slow after Brexit brings recession warning

The UK economy has seen a “dramatic deterioration” as it slumped at its fastest rate since the financial crisis in the wake of Britain’s vote to leave the European Union, a report has said.

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ETX Capital traders at work in central London. Picture: Daniel Leal-Olivas/AFP/Getty Images

Friday market close: Footsie ends week on high as pound falls

The London market pushed ahead as City experts said there was now a high chance of an interest rate cut next month after the UK economy slumped at its fastest rate since the financial crisis.

Markets Economy 3
Bank of England governor Mark Carney. Picture: Getty Images

Firms taking ‘business as usual’ post-Brexit stance amid doubts

The Bank of England has said that business uncertainty had “risen markedly” since the Brexit vote, but it added that there was “no clear evidence” of a sharp economic slowdown.

Markets Economy 2
The ONS said rising fuel prices pushed up the rate of inflation last month. Picture: Contributed

Rising fuel prices drive inflation to 0.5% in June

The rate of inflation rose to 0.5 per cent last month, according to official figures published today.

Markets Economy
Blair Nimmo, head of KPMG's UK restructuring operation. Picture: Contributed

Mixed messages on troubled Scots firms’ fortunes

Two pieces of research covering troubled Scottish businesses paint contrasting pictures of firms’ fortunes over the past quarter and looking ahead.

Markets Economy
Scottish companies need to pursue opportunities in Asia. Picture: AP

Roddy Gow: Businesses need to start looking east

Scottish firms need to hone their e-commerce skills and tap into the opportunities Asia offers, says Roddy Gow

Opinion 1
Westminster economy spokesman Stewart Hosie.  Picture: Danny Lawson/PA Wire

SNP explore options for a separate Scots currency

The SNP is considering options for the creation of a new Scottish currency in the event of independence.

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Governor of the Bank of England, Mark Carney. Picture: PA

Bill Jamieson: A time to take care & beware curse of August

After a momentous summer for news, who dared switch off the mobile phone or wander far from a radio as events threatened to outpace the ability of pundits and commentators to keep up with them?

Holiday Inn owner paid out a large special dividend. Picture: Steven Scott Taylor

Weak pound to provide dividend delight for shareholders

The slump in the value of the pound in the wake of the EU vote will herald a dividend bonanza for many shareholders – at least in the short term.

Markets Economy
The poll was conducted in the aftermath of the UK's exit from the EU. Picture: AFP/Getty

Optimism among UK finance bosses sinks to record low

Business optimism among Britain’s finance chiefs has slumped to its lowest level on record in the wake of last month’s historic vote to leave the European Union, a study today suggests.

Markets Economy
Potential restrictions on who can live and work in the UK post-Brexit is a key concern for many businesses. Picture: Jane Barlow/TSPL

Immigration reform could hit Scots businesses post-Brexit

BUSINESS leaders in Scotland fear the prospect of tightened immigration controls post-Brexit could damage vital sectors of the economy and harm their ability to fill job vacancies.

Politics 36
Economists are poised to revise down their forecasts for gross domestic product growth for this year. Picture: TSPL

Think-tank warns economy faces ‘short, sharp shock’ after Brexit vote

Britain’s economy faces a “short, sharp shock” in the wake of the Brexit vote but stronger exports should cushion the blow, a leading think-tank will say this week.

Markets Economy 2
Economists are forecasting worse to come for the construction sector. Picture: Martin Keene/PA

Construction slump fuels post-Brexit slowdown fears

Construction output fell more than expected in May, adding to concerns that the economy is in line for a sharp slowdown following the vote to quit the European Union.

Markets Economy 1
Just over 60 per cent of firms polled by economic think-tank the Fraser of Allander Institute believe that a Brexit will have a negative impact on their business. Picture: TSPL

Scottish businesses suffer post-Brexit dent to confidence

Scotland’s economy has entered a period of uncertainty that threatens investment, jobs and growth, a post-EU referendum survey today warns.

Markets Economy 1
The BoE said economic activity is 'likely to weaken in the near term'. Picture: Anthony Devlin/PA Wire

BoE signals August cut after holding fire on rates

The Bank of England today kept interest rates on hold at their record low of 0.5 per cent – confounding widespread expectations of a cut in borrowing costs.

Markets Economy
Spending by HIE and Scottish Enterprise 'down by 12%'.

Enterprise agencies’ spending ‘down 12% over six years’

SPENDING by Scotland’s two enterprise agencies has fallen by 12% in real terms in the last six years, with a new report warning resources may be spread too thinly to represent an efficient use of cash.

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