Author: Tony Redondo

Trump Triumphs

11 November 2024  by Tony Redondo  Donald Trump decisively won the US Presidential election, winning both the electoral  college and the popular vote on 5 November.   In addition, his Republican party took control of the Senate and is on course for a clean  sweep in the US elections as they only need another eight out […]

Labour’s Budget Full of Economic Woe 

04 November 2024  by Tony Redondo  In a speech delivered inside 10 Downing Street after Labour’s 4 July general election  victory, Keir Starmer declared that growth and wealth creation were his government’s  top priorities. However, new Chancellor Rachel Reeves replaced a picture of former  Chancellor Nigel Lawson in her 11 Downing Street office with one […]

It’s Budget Time 

26 October 2024  by Tony Redondo  Ever since Labour’s election victory on the 4th of July, there has been intense  speculation about their first budget and endless announcements from  PM Keir Starmer and his top team about the need for ‘difficult decisions’ and ‘tough  choices’.  Finally, for better or for worse, we are now just […]

UK descends into an atmosphere of gloom

Barely 2-months after the UK general election, with the Pound Sterling still riding high against the Euro and the US Dollar, an “atmosphere of gloom” has descended on the UK 6 weeks out from the new Labour government’s first Budget, due to be delivered by Chancellor Rachel Reeves on 30 October. Currency Exchange Rates Update: […]

Buyer’s Regret? Sir Keir Starmer’s Labour party

Just eight weeks after the 4 July General Election, there are signs that the UK may be experiencing “buyer’s regret” over its decision to elect Sir Keir Starmer’s Labour party. An Ipsos opinion poll conducted between August 9 and 12 shows that 52% of people believe the UK is heading in the wrong direction. Additionally, […]

Significant volatility

Currency Exchange Rates Update : Pound sterling; G10. The first half of August has seen significant volatility, with Pound Sterling experiencing sharp fluctuations. Initially, the pound dropped from being the best-performing G10 (top 10 economies in the world) currency this year to the worst in August. It then staged a recovery, hitting a three-week high […]

The Bank of England delivers its first cut

The Bank of England delivers its first cut The BoE (Bank of England) voted to cut interest rates for the first time since March 2020. Five members of the MPC (Monetary Policy Committee) including Governor Andrew Bailey, voted to reduce the Bank Rate by 0.25% while four, including chief economist Huw Pill, voted to hold […]

The return of Big Government: Sir Keir Starmer

The new Labour government of Sir Keir Starmer has seen the return of Big Government with the King’s speech last week outlining Labour’s plans for its first year in power. Labour wants to pass the first piece of legislation, a Bill to nationalise rail companies when their contracts expire, as soon as possible. Workers and […]

Landslide or Sandslide for Sir Keir Starmer

Bloomberg’s head of media David Merritt said on Bloomberg TV on Friday morning, there is a chance this is a ‘sandslide not a landslide’, a big result, but one that could as easily be washed away as many commentators compare it to Boris Johnson’s 2019, 80-seat win, “a mile wide but an inch deep.” In […]

It’s decision time: Elections

It’s getting close to decision time on both sides of the Channel with the French Parliamentary elections due on 30 June and 7 July and the UK General Election on 4 July. In the UK, the Conservatives are set for a truly historic loss according to Bloomberg’s poll of polls, showing the Conservatives on 20.9% […]