Author: Tony Redondo

Tariffs

17/05/2025 by Tony Redondo If a year ago, someone would had announced that the best-case scenario would be for average US tariffs to quadruple, from 2.5% to over 10% they would have been considered a “doomsayer”. Today, the financial markets cheer the news. We are in the midst of a classic game of maximalist demands […]

Trade Deal Time

10/05/2025 by Tony Redondo There is a saying in London which runs “You wait for ages for a bus and then two come along together”. So, it can be said with the UK-India and UK-USA trade deals finalized last week, marking significant steps in the UK’s post-Brexit trade strategy amid global economic turbulence. The UK-India […]

Interest Rates in Focus

03/05/2025 by Tony Redondo The BoE (Bank of England) make their next monthly decision on UK interest rates on Thursday. The markets see an 80% chance of a 0.25% cut and a 20% of a bigger 0.5% cut but with inflation expected to spike to 3.7% in the coming months, the BoE finds itself between […]

It’s election time

26/04/2025 by Tony Redondo Canada goes to the polls on Monday, to elect its next Prime Minister. Will it be Liberal leader and ex-Governor of both the Bank of Canada and the Bank of England, Mark Carney or Conservative leader Pierre Poilievre. YouGov are predicting a tight race with a possible Liberal majority of 21 […]

Is the chaos over?

19/04/2025 by Tony Redondo Is the market chaos of the last few weeks abating or was it only the opening shot of something much bigger. Are we just in a trade war or in a fight for the 21st century. Trump pressed pause on his sweeping “retaliatory” tariffs on dozens of countries for 90 days […]

USA – China are getting a divorce

12/04/2025 by Tony Redondo It’s not pretty. Certainly not amicable but the US and China are getting a divorce with China already vowing to ‘fight to the end’. At the time of writing, the latest tariff position is as follows. 145% duty on all goods from China, 25% tariffs targeting aluminium, autos and goods from […]

Is there a Trump Master Plan?

05/04/2025 by Tony Redondo President Donald Trump signed an aggressive and far-reaching “reciprocal tariff” policy last Wednesday. The heavily anticipated ‘Liberation Day’ trade announcement brought news of a 10% universal minimum tariff for imports to the US. For many countries that rate will be higher as ‘reciprocal’ tariff rates will apply instead of the 10% […]

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 years 

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 […]