How much negativity about leaving the European Union is priced into the current level of sterling?
Breaking Brexit news hijacked my Bloomberg slot and suddenly I was a lot less well prepared than expected! But after a wry smile, the show must go on. Relocations are an inevitable and unfortunate part of leaving the EU, but it’s important not to over-estimate the numbers of jobs involved. Overall, we feel a lot of negativity is already reflected in the level of sterling. To understand why, and see me being put on the spot, please watch the clip.
The use of coal in the UK is now at its lowest level in over a century, but other countries are not so lucky. How can we accelerate the rate of change?
Without immigration, Europe's population is set to decline by around 10% over the next three decades. Japan's experience serves as a warning about the difficulties of managing public finances and expanding corporate revenues against that backdrop. So is Europe's situation sustainable?