RUTH SUNDERLAND: Wall Street warms to Joe Biden

RUTH SUNDERLAND: Wall Street starting to believe that Joe Biden in the Oval Office and the Democrats in control would boost economy more than Donald Trump President Trump warns that Democrats would destroy the economy  Trump has not fulfilled his bombastic claims in 2016 of ushering in the greatest period of growth ever  By Ruth … Read more RUTH SUNDERLAND: Wall Street warms to Joe Biden

RUTH SUNDERLAND: Disaster that left British Airways worth less than Just Eat

The unceremonious way British Airways has pressed the ejector button on its boss Alex Cruz is a sign of just how desperate the situation is at our national airline. Mr Cruz is paying the price for the pandemic – and for presiding over the most toxic period in BA’s industrial relations in recent memory. That … Read more RUTH SUNDERLAND: Disaster that left British Airways worth less than Just Eat

RUTH SUNDERLAND: Don’t worship false profits

RUTH SUNDERLAND: The trouble with shareholder primacy is that investors tend to tolerate bad behaviour so long as it seems lucrative American economist Milton Friedman was a huge influence on the thinking of Margaret Thatcher and Ronald Reagan  Even Gordon Gekko’s ‘Greed is Good’ mantra is a simplistic interpretation of his theory By Ruth Sunderland … Read more RUTH SUNDERLAND: Don’t worship false profits

RUTH SUNDERLAND: Economic confidence is key

RUTH SUNDERLAND: When people lack confidence, they pile money into savings accounts, even at negative rates – only solution is to restore calm Consumer spending has recovered, even though consumer confidence is low Britons are saving at extraordinarily high levels, even though they are losing money in real terms as a result By Ruth Sunderland … Read more RUTH SUNDERLAND: Economic confidence is key

RUTH SUNDERLAND: Blow for TSB customers as more branches close

Banks have so far managed to avoid making themselves major villains in the pandemic. Unlike some insurers, which have tried to wriggle their way out of paying valid claims to small firms, they have been working with the Government to support business and families. Covid-19 has presented our High Street lenders with an opportunity to … Read more RUTH SUNDERLAND: Blow for TSB customers as more branches close

Sunderland, Dundee and Stoke On Trent see the sharpest rise in housing transactions

The locations with the biggest jump in housing transactions during the pandemic have been revealed. They include Sunderland, Dundee and Stoke-on-Trent, according to the exclusive figures by Lloyds Banking Group. It found that Sunderland saw the biggest rise in the number of transactions, up 91.3 per cent in the three months from June to August, … Read more Sunderland, Dundee and Stoke On Trent see the sharpest rise in housing transactions

RUTH SUNDERLAND: It’s Alice in Wonderland banking… and savers would pay the price 

The concept of negative interest rates – where debtors are rewarded and thrift is punished – sounds far too crazy to be a serious policy measure. Until, that is, you consider that the biggest borrowers are governments, not least our own. Public borrowing has ballooned due to coronavirus and pushed the prospect of negative rates … Read more RUTH SUNDERLAND: It’s Alice in Wonderland banking… and savers would pay the price 

RUTH SUNDERLAND: No outrcry over William Hill sale

Were it in a less toxic industry, there might be an outcry about the sale of William Hill to a foreign predator.  After all, the company has been highly innovative.  What a shame its advances are in the field of online gambling technology, which makes it trickier to argue it’s a great British business that … Read more RUTH SUNDERLAND: No outrcry over William Hill sale

RUTH SUNDERLAND: HSBC’s woes a mirror to the world

RUTH SUNDERLAND: HSBC’s raison d’etre is international trade, which is being challenged by the US, China, Brexit and coronavirus – its woes hold up a worrying mirror to the world HSBC’s shares have fallen by 50 per cent since January to their lowest level for a quarter of a century If HSBC’s stability were to … Read more RUTH SUNDERLAND: HSBC’s woes a mirror to the world

Boris Johnson appears to be utterly in thrall to his scientific advisers, writes Ruth Sunderland

Driving into work at 7.30 on Monday morning along the M4, I was delighted to find myself stuck in a traffic jam. After the preternaturally quiet motorways and half-empty rail carriages of recent months, gridlock felt like welcome normality. Nobody loves commuting, but for a brief moment it seemed the rush hour and the bustling, … Read more Boris Johnson appears to be utterly in thrall to his scientific advisers, writes Ruth Sunderland