Our chancellor has allegedly not been forthcoming with the truth. She has also implicated the Prime Minister in her misinformation. The Head of the Office of Budget Responsibility (OBR) has been sacrificed after the release of last week’s budget information before the actual budget. I remember apologising for repeatedly writing about President Trump earlier in the year, and it feels that I am now continuously writing about our embattled chancellor. If the markets and the publ

Shutdown, But Not Shaken ·  Global markets rose strongly in October despite political and trade uncertainty. ·  US–China tensions eased after leaders agreed on a one-year trade framework. ·  The Federal Reserve cut interest rates again and paused balance-sheet shrinking. ·  UK sovereign yields fell as bond markets rallied on dovish Bank of England signals. ·  Japanese and emerging Asian equities surged on improved trade sentiment and policy support. ·  In UK politics, Conserv

The run-up to the 2025 Budget may have been characterised by greater conjecture about what would, or wouldn’t, be announced than in perhaps any other “pre-fiscal event” period in the UK’s modern political history. The last-minute leak of the Office for Budget Responsibility’s forecasts only added to the sense of anticipation of what would be revealed. For better or for worse, the Chancellor has now delivered her statement, and the official “Red Book” of policy announcements (