ALEX BRUMMER: Inflation rears its head

Are central banks in danger of releasing the inflation genie? That is the prevailing view on Wall Street where rising concern about President Biden’s $5trillion of fiscal largesse, and rising, and the unwillingness of the Federal Reserve to put the brakes on, have unleashed anxiety. Fears of an inflation surge are reinforced by consumer prices … Read more

ALEX BRUMMER: FCA must act faster on Greensill than it did on Woodford

The City regulator, the Financial Conduct Authority, acts in mysterious ways. For months now all our questions about holding an investigation into Greensill Capital (UK) and Greensill Capital Securities have been batted away. We were told that the ‘Appointed Representative’ (AR), Mirabella Advisers, was the supervisor of Greensill Capital Securities and that was the end … Read more

ALEX BRUMMER: Attack on British aerospace industry

ALEX BRUMMER: Aerospace sector and the technology it generates is a powerhouse of UK economy – losing control of another group would be body blow to a strategic, innovative industry It employs more than 120,000 people, most of them outside London and the south-east  In normal times, it generates an annual turnover of £35billion, most … Read more

ALEX BRUMMER: Bank of England fires up optimism

Forecasts by the Bank of England of a ‘V’ shaped recovery were met with predictable scepticism as the pandemic made its reappearance early this year. If the latest projections are believed, that is precisely what is going to happen, with output set to soar away by 7.25 per cent this year leaving jobs relatively unscathed. … Read more