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Re-opening the UK economy It is generally agreed that economies will be much harder to re-open than they were to close. The UK PM on Sunday evening set out his plan to re-open the UK economy but this plan is still to be fleshed out. Boris Johnson, throughout lockdown, has been very liberal in his approach trusting the people of the UK to do the ‘right thing’ – and by-and-large they did. But businesses and employees now deserve much clearer and far more precise instruction, the clarity is missing. Second…

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UK changes date to buy diesel and petrol cars – now 2035

Go green - electric car

The last date to buy a new petrol, diesel or hybrid car in the UK will be brought forward from 2040 to 2035 The change comes simply because 2040 would be too late if the UK wants to achieve its target of emitting virtually zero carbon by 2050. Simple maths really…. COP26 Boris Johnson unveiled the policy as part of a launch event for a United Nations (UN) climate summit in November. The summit, known as COP26, is an annual UN effort, set up to assess progress on tackling climate…

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Boris emboldened by majority election win!

Boris Johnson Get Brexit Done

Brexit update: Johnson wins vote on his deal, requests MPs to move on Boris Johnson’s Brexit deal cleared its first hurdle in Parliament on Friday, placing the UK on course to leave the European Union next month. MPs voted by 358 to 234 for it to proceed to its next stage Opening the Commons debate, the prime minister declared his legislation (deal) offers ‘no possibility’ of any further delay, with the transition period due to end on 31st December 2020. Brexit – Take 2 That sets the clock ticking again…

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Election or referendum by proxy. Will December election break Brexit deadlock?

Election

Finally the UK parliament makes a positive move to back Boris Johnson’s call for a December election. Will it deliver an opportunity to break the Brexit deadlock or will it deliver yet more uncertainty? Referendum by proxy? My worry is that the UK public will see this as a second referendum. But at least the voter will be better informed this time round – won’t they? ‘Flextension’ On Monday, the EU agreed to postpone Brexit day until 31st January 2020 to give the UK PM time to persuade members of…

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Deal time? U.S. – China trade talks & a Brexit breakthrough likely? 11th October 2019

Stock markets up

Deal breakthrough? If the markets are anything to go by and with investor sentiment so high today – a U.S. – China trade deal breakthrough has to be more likely now than ever? Positive news is in abundance right now and the markets are lapping it up. Brexit deal and a U.S. China trade deal soon? UK PM Boris Johnson and Ireland PM Leo Varadkar – after constructive talks Thursday, released a joint communication agreeing they could see a potential ‘pathway’ ahead to a Brexit deal. There is at least…

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Trump impeachment? China U.S. trade dispute latest, UK parliament suspension and other market moving news this week

Impeachment

Trump impeachment proceedings launched by the democrats Market moving news in brief On 25th September 2019 – reports stated that Nancy Pelosi, speaker of the U.S. House of Representatives announced that the U.S. Democratic Party had begun a formal impeachment inquiry into President Donald Trump – reportedly over allegations that he pressured a foreign power to ‘investigate’ a political rival and therefore influence the U.S. 2020 election. It is expected that even with strong support from the Democrats, who are in favour of impeachment, it is highly unlikely to pass…

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German industrial production falls. Daily market moving news & events roundup, 6th September 2019

Industry

German industrial production falls. Market moving daily news roundup – events & news likely to move markets 6th September 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, for good or bad. Summary Economic calendar – scheduled news and events 6th September 2019 Germany – industrial production data due: 07:00 BST UK – BoE consumer inflation expectations for next 12 months due: 09:30 BST EU – GDP data due: 10:00 BST EU – ECB member speech due: 10:15 BST Russia – interest rate…

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U.S. – China trade talks to resume October. Daily market moving news & events roundup, 5th September 2019

Stock markets up

U.S. – China trade talks to resume October. Market moving daily news roundup – events & news likely to move markets 5th September 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Summary Economic calendar – scheduled news and events 5th September 2019 Australia – trade balance data due Switzerland – GDP data due Germany – factory orders data due: 07:00 BST EU – ECB member speech due: 08:00 BST U.S. – jobless employment data & non-farm productivity due: 13:30…

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Brexit vote bashes Boris. Daily market moving news & events roundup, 4th September 2019

Market moving daily news roundup – events & news likely to move markets 4th September 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Summary Economic calendar – scheduled news and events 4th September 2019 Australia – GDP data due China – service PMI reading due EU – Lagarde speech due Spain – services PMI reading data due Italy – services PMI reading data due France – services PMI reading data due Germany – services PMI reading data due EU…

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UK Parliament vote on ‘no-deal’ Brexit. Daily market moving news & events roundup, 3rd September 2019

GB

Market moving daily news roundup – events & news likely to move markets 3rd September 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. Summary Economic calendar – scheduled news and events 3rd September 2019 South Korea – GDP data released UK – British Retail Consortium (BRC) – like for like retail figures due Australia – interest rate decision Switzerland – consumer price index data due UK – court hearing on the ‘forcing’ of a no-deal Brexit EU – ECB’s…

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