Edmund Conway

Another month, another set of decidedly ugly trade figures [http://www.ons.gov.uk/ons/dcp171778_291789.pdf]for the UK economy. Now, in fairness, Britain’s £3.4bn trade deficit in November was at least a slight improvement on the £3.7bn recorded in October. But even looked at

Well that didn’t last long. 2013 started with an economic bang – Congress unexpectedly steering clear of the fiscal cliff, UK stock markets rising to the highest level since mid-2011, data showing better manufacturing sector output than expected in December. But today that honeymoon came to an abrupt end. [https:

How much cash have you got in your pocket at the moment? The answer, if you’re anything like me, is not very much. Thanks to credit and debit cards it’s possible to go for weeks without using cash these days. But it turns out that doesn’t go

According to Nationwide there is one city in Britain where house prices have doubled over the past decade, and, surprising as it might sound, it isn’t London. That city is Aberdeen, where the North Sea oil industry has created a micro-economy which is vastly different from the rest of

The interest rate on UK government debt has risen above the 2% mark for the first time since last spring. [https://i0.wp.com/www.edmundconway.com/wp-content/uploads/2013/01/10yr1.jpg?ssl=1] The jump in yields on the benchmark 10-year gilt have risen from just over 1.

Markets are in a state of near-euphoria today –the main cause for celebration seemingly the fact that Congress isn’t quite as dysfunctional as everyone thought it was. Late on New Year’s Eve it averted the imposition of hundreds of billions of dollars of tax rises on all income