ALEX BRUMMER: As long as UK has credible budgetary and monetary framework it should be possible to hold back siren calls for tax increases and spending cuts until recovery is assured By Alex Brummer for the Daily Mail Published: 22:05 BST, 22 May 2020 | Updated: 22:05 BST, 22 May 2020 Monthly borrowing figures usually … Read more
As the spread of Covid-19 ramped up in March, financial markets came close to their own lockdown. It required large-scale interventions by central banks on both sides of the Atlantic to stop a credit crunch. The Bank of England slashed bank rate to 0.1 per cent, the Federal Reserve injected huge liquidity into the system, … Read more
Few companies are more critical to Britain’s manufacturing future than aero-engine giant Rolls-Royce. That’s why, along with BAE Systems, it is protected from overseas takeovers by a golden share. Understandably, there is huge anxiety as to why Rolls-Royce chief executive Warren East has decided that a quick bounce back from a Covid-19 induced slump is … Read more
Britain’s jobs miracle has been brought to a crushing halt by the pandemic. The number to watch now is the claims count, which tells how many people are seeking benefits. This rose by a hefty 856,000 to 2.1m in March before the crisis had barely begun. The furlough scheme is protecting the jobs of 8m … Read more
When lockdown began, our family, like millions of others, were excluded from home deliveries even though the household has a vulnerable member. Ocado was impossible, Tesco could offer us no slots and Fresh, the food arm of Amazon-owned Whole Foods, claimed to have delivery times immediately available but it proved a false claim unless you … Read more
The recently posted offer document by £30billion mining giant Anglo-American for the purchase of Sirius Minerals reads like any other. The buyer underlines the generosity of its bid noting the big 34.1 per cent premium to the price on the day of the announced deal, and an even bigger uplift of 61.7 per cent if the … Read more
ALEX BRUMMER: Stelios Haji-Ioannou’s Easyjet row and Virgin Atlantic’s search for a bailout places a laser focus on airline industry By Alex Brummer for the Daily Mail Published: 21:55 BST, 17 May 2020 | Updated: 21:55 BST, 17 May 2020 Shareholder democracy is as important now as at any other time. That is why Stelios … Read more
ALEX BRUMMER: Reasons to be cheerful as Britain bounces back after three years of Brexit uncertainty By Alex Brummer for the Daily Mail Published: 21:51 BST, 24 January 2020 | Updated: 21:51 BST, 24 January 2020 After the sound and fury of the last three-and-a-half years, the Brexit bill became law this week when it … Read more
The Skype dismissal of Rico Back as chief executive of the Royal Mail should not come as a shock. The very notion of the chief executive of one of the nation’s biggest front line employers sitting it out in Switzerland while postal workers have been on the battleground in the Covid-19 epidemic was unacceptable. Royal … Read more
ALEX BRUMMER: Britain cannot afford to turn a valuable international earner like Lloyds of London into a pariah By Alex Brummer for the Daily Mail Published: 21:51 BST, 14 May 2020 | Updated: 21:51 BST, 14 May 2020 Britain’s insurers have not won many friends during the Covid-19 pandemic. The reluctance of Hiscox to pay … Read more