Omnishambles
29 March 2025 by Tony Redondo According to the Oxford English Dictionary, “Omnishambles” was the word of the year in 2012. The word means a situation which is shambolic from every possible angle. How else to describe the UK economy eight months into Keir Starmer’s government. Last Wednesday, as promised Chancellor of the Exchequer Rachel […]
Five yearsÂ
22 March 2025 by Tony Redondo Sadly, I am not referring to the first song on David Bowie’s magnificent ‘The Rise and Fall of Ziggy Stardust and the Spiders from Mars’ LP but that this Sunday is the fifth anniversary of then PM Boris Johnson calling the first Covid-19 lockdown. As I am sure you […]
Britain’s’ economy hits the skids
15 March 2025 by Tony Redondo The UK economy continues to struggle for growth and underperformed expectations again in January. According to the ONS (Office for National Statistics), the UK economy shrank by 0.1% in January with output dragged down by a sharp drop in output in the production sector. Economists had predicted growth of […]
The Dollar bombs
8 March 2025 by Tony Redondo Currency Exchange Rates Update The Trump administration’s Hokey Cokey ‘Tariffs on, tariffs off’ decisions are creating ever more uncertainty and taking their toll on the financial markets. It’s far too early to even suggest the US dollar’s status as a safe-haven asset and reserve currency is under serious threat […]
Tariffs
01 March 2025 by Tony Redondo There has been much activity in the first weeks of Donald Trump’s second term as President, but one subject has dominated above all, tariffs. Trump has so far announced plans to impose a 25% tariff on all imports from the EU, Canada and Mexico. There is no start date […]