The Fed are expected to reduce their base rate from 1.5% today. Markets rallied on Wall Street yesterday and have opened up sharply across Europe.
The ECB and the BoE meet next week to decide on interest rates. Will there be another co-ordinated rate move today? Expect to see it announced at PM's questions if it is happening. Not that it is a political decision of course.
Taxing banks. Is this an easy option?
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Banks may not escape the rush to find new taxes. I set out the options and
the dangers, as I strongly urge the Chancellor to cut the deficit by
spending l...
6 hours ago
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