News

Market Update 10th October 2022

News: 10 October 2022

As we said at the start, this is unhelpful and the price of oil has duly risen by around $10/bbl over the past week. As ever with OPEC, though, little is quite as it seems. In terms of an organised cartel, OPEC leaks like a proverbial colander. This is more about the ego of Mohammed bin Salman, the Crown Prince and now prime minister of Saudi Arabia.

Market Update 26th September 2022

News: 26 September 2022

Anyway, whether inflation was caused by the Bank (which it was, mostly) or by the price of petrol (which it mostly isn’t), the headline rate is still 10%, give or take. It is also, as if by magic, accepted wisdom that tax cuts are inflationary and thus any fool can see that cutting taxes with 10% inflation is a stupid thing to do.

Market Update 20th September 2022

News: 20 September 2022

Market Update 12th September 2022

News: 12 September 2022

Economists are divided on this. Actually that is a meaningless sentence; economists are divided on everything. However, it is important to point out that those who have spent careers analysing data for correlation, causation and coincidence cannot agree whether there is any meaningful link between fiscal policy and inflation.

Market Update 7th September 2022

News: 06 September 2022

Market Update 30th August 2022

News: 30 August 2022

Doubtless by the time she is confirmed as prime minister next Monday, Liz Truss will have a plan for how to deal with energy bills that precious few will actually be able to afford to pay. This is one of those rare occasions when a sticking plaster has to be found.

Market Update 22nd August 2022

News: 22 August 2022

Market Update 1st August 2022

News: 01 August 2022

Market Update 25th July 2022

News: 25 July 2022

One thinks of a first time holiday-maker trying to steer a canal boat: having veered towards one bank of the canal, the natural reflex is to over-correct and drive straight into the other.

Market Update 18th July 2022

News: 18 July 2022