Banks warned on ballooning consumer borrowing

  • 27 June 2017
  • From the section Business
cars for sale at dealership Image copyright Getty Images
Image caption Car finance borrowing is rising rapidly

Ultra low interest rates were put in place after the financial crisis to stop a recession turning into a depression.

Many believe they worked.

Alongside a huge money-printing exercise to keep the financial system operating.

Some of the consequence of those policies are now becoming clear.

A struggling economy has meant income growth has been low, and at present, real incomes are falling as inflation approaches 3%.

Read full article Banks warned on ballooning consumer borrowing

Fox warns colleagues: 'We didn’t say we would part-leave the EU'

  • 26 June 2017
  • From the section Business
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Media captionNobody voted to “part leave” the European Union, says Dr Liam Fox

Out of the single market.

Out of the customs union.

Read full article Fox warns colleagues: 'We didn’t say we would part-leave the EU'

Carney and Hammond join forces on Brexit risk

  • 20 June 2017
  • From the section Business
Mark Carney delivers his speech at The Mansion House Image copyright Reuters

So, he's said it.

Mark Carney made the direct link between "weaker real income growth" and the process of leaving the European Union.

Read full article Carney and Hammond join forces on Brexit risk

Hammond flexes muscles over Brexit

  • 15 June 2017
  • From the section Business
Philip Hammond Image copyright Getty Images

It is the first significant reassurance to businesses that the government is ready to step in with extra financial support as the Brexit deal is negotiated.

The chancellor has made it clear to his allies he wants jobs and the economy to be the first consideration as Britain leaves the European Union.

Read full article Hammond flexes muscles over Brexit

That toxic incomes squeeze just got worse

  • 13 June 2017
  • From the section Business
Oxford Street shoppers Image copyright Getty Images

It was Napoleon Bonaparte who once dismissed Britain as a nation of shop keepers.

He could more accurately have described us as a nation of shoppers.

Read full article That toxic incomes squeeze just got worse

Immigration - the Brexit dividing line

  • 12 June 2017
  • From the section Business
UK border Image copyright Reuters

Three days after Theresa May called the general election, I interviewed the chancellor about what we could expect from any new Tory government.

On tax the signal was clear.

Read full article Immigration - the Brexit dividing line

So, farewell austerity?

Chancellor Philip Hammond ready to deliver his first Budget Image copyright AFP
Image caption Talk of controlling the deficit is now likely to be dialled down

Before the 2010 election, David Cameron and George Osborne believed they would be tested on one issue.

Could they be trusted to get the public finances "back in order".

Read full article So, farewell austerity?

Election catches investors off guard

Foreign exchange traders Image copyright Reuters

Uncertainty - we'll be hearing a lot more of that word over the next few days.

Uncertainty over the form the next government will take.

Read full article Election catches investors off guard