Former newspaper delivery boy. Now business editor of @thetimes and (proud) south Londoner
South London
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RT @FraserNelson: This is precisely why Emirati ownership of The Spectator or Daily Telegraph would have been fatal.
Buying cultural asset…
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Great read …
theguardian.com/football/202…
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How big a hit have airlines and travel operators taken from rising fuel costs and falling customer confidence?
Start the week on the right foot with the Sunday Pivot: my 4 minute guide to the stories I expect to dominate the week ahead in business and economics. 🔗 in the comments
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Up-to-date? Ready for the week ahead? Start the week on the right foot with the Sunday Pivot: my free 5.5 minute personal guide to the stories I expect to dominate the week ahead in business and economics.
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It is a crucial week for markets and chancellor John Healey. Up-to-date?
Start the week on the right foot with the Sunday Pivot: my 5.5 minute personal guide to the stories I expect to dominate the week ahead in business and economics.
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Ready for the week ahead? This week's Sunday Pivot: my personal guide to the week ahead in business and economics
1️⃣ Shares in Shein, the Chinese fast-fashion retailer, will begin trading in Hong Kong in the early hours of Tuesday morning after the traditional gong-striking ceremony.
2️⃣ Tim Cook steps down as Apple’s chief executive tomorrow — after 15 years in charge.
3️⃣ Will the Federal Reserve raise interest rates? We'll get further clues with the release of the closely watched US jobs report on Friday.
🔗 Link to read (and subscribe) for free in the comments #UKeconomy #Markets
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Richard Fletcher retweeted
In defence of Mehreen Khan! ✊
(Most critics seem to have missed the point that she was explaining why higher energy prices have eroded the fiscal headroom since March, not why UK government borrowing costs are higher than elsewhere)
Not sure why Mehreen Khan (@MehreenKhn) is getting grief on here for what she said last night... 🤷♂️
She is of course right that the main reason why the cost of UK government borrowing is higher than assumed by the OBR in March is that global energy prices are also higher.
I'd add that the second most important reason is the increasing global concerns about the amount of bond issuance, which have driven up yields almost everywhere (so not unique to the UK either).
Finally, the cost of UK government borrowing is relatively high, and a lack of fiscal credibility is clearly part of that. But this premium hasn't changed much over the past year. Energy prices have.
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Richard Fletcher retweeted
Dunno why Ms Khan getting such grief for her remarks. Her analysis is pretty much spot on. Said as much myself, with embellishments.
"The fiscal situation has just deteriorated... maybe half the £23 billion cushion, that Rachel Reeves left her now successor, the headroom has gone."
Mehreen Khan, the Times' Economic Editor, on how the war in Iran has damaged the UK's public finances and the challenges facing Prime Minister Andy Burnham.
#Newsnight
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Richard Fletcher retweeted
Not sure why Mehreen Khan (@MehreenKhn) is getting grief on here for what she said last night... 🤷♂️
She is of course right that the main reason why the cost of UK government borrowing is higher than assumed by the OBR in March is that global energy prices are also higher.
I'd add that the second most important reason is the increasing global concerns about the amount of bond issuance, which have driven up yields almost everywhere (so not unique to the UK either).
Finally, the cost of UK government borrowing is relatively high, and a lack of fiscal credibility is clearly part of that. But this premium hasn't changed much over the past year. Energy prices have.
"The fiscal situation has just deteriorated... maybe half the £23 billion cushion, that Rachel Reeves left her now successor, the headroom has gone."
Mehreen Khan, the Times' Economic Editor, on how the war in Iran has damaged the UK's public finances and the challenges facing Prime Minister Andy Burnham.
#Newsnight
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Can #Nvidia keep the AI rally alive amid bond market turmoil?
The chip giant updates Wall Street after the market closes on Wednesday, once again testing the strength of the AI-driven rally in equity markets.
Wall Street analysts expect quarterly revenue of $92 billion - double the $46 billion it reported for the same period in 2025.
Can Kevin Warsh, Federal reserve chairman, calm markets?
Warsh attends the Jackson Hole Economic Symposium - the annual gathering of the great and good of central banking - for the first time as Fed chair and gives the keynote address on Friday.
Ready for the week ahead? This week's Sunday Pivot: my personal guide to the week ahead in business and economics
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#UKeconomy #Markets
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Can Nvidia keep the Al rally alive amid bond market turmoil?
This week's Sunday Pivot: my personal guide to the week ahead in business and economics, a review of the Sunday papers and the best of The Times business journalism.
🔗 richardfletcher2.substack.co…
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Richard Fletcher retweeted
20 stars & 8 tennis legends have signed the petition this is for. Immunotherapy's worked in colon cancer, which took @Pele and @bowelbabe, incurable childhood cancers, the pancreatic cancer that took Alan Rickman (Snape) & terminal breast cancer. Pls RT. ⚽️medium.com/@pwspictures/go-t…
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