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Chemicals and the Economy

“What could possibly go wrong?”

I well remember the questions a year ago, after I published my annual Budget Outlook, ‘Budgeting for the Great Unknown in 2018 – 2020‘.  Many readers found it difficult to believe that global interest rates could rise significantly, or that China’s economy would slow and that protectionism would rise under the influence of Populist politicians. […]

UK faces ‘make or break summer’ as ‘No Deal’ Brexit risk rises

Last week, the UK’s Foreign Secretary, its chief Brexit negotiator and several junior ministers, resigned.  President Trump gave an interview attacking the UK prime minister, Theresa May, and suggesting her policies would “kill” any future trade deal with the US.  And the EU 27’s main negotiator on the critical Brexit issue, Michel Barnier, warned: “On both […]

Financial markets party as global trade wars begin

More people left poverty in the past 70 years than in the whole of history, thanks to the BabyBoomer-led economic SuperCycle.  World Bank and OECD data show that less than 10% of the world’s population now live below the extreme poverty line of $1.90/day, compared to 55% in 1950. Globalisation has been a key element in […]

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