You might have read or heard about it: ‘blockchain’ is the financial disruption buzzword of the moment.
Economists are a little jinxed right now. Whatever they say is likely to happen, the opposite has a funny way of showing up.
Like millions of others, I’ve been watching Broadchurch, anxiously waiting to see if Mark Lattimer has finally jumped off those iconic cliffs. Unlike millions of others, looking at that sheer drop in Dorset has begun to remind me of asset markets.
No room for complacency
We are now three months into a post-referendum world – not post-Brexit, as some people have slipped into thinking.
The thick end of a tax wedge
As tax bills go, €13bn plus interest is pretty hefty, even for the largest company in the world. Apple has found itself on the wrong side of EU competition commissioner Margrethe Vestager’s ruling about its decades-old tax agreement with Ireland.
Years from now, the result of the EU referendum will be another one of those historical moments in which everyone remembers exactly where they were when it happened. I certainly won’t forget nor the hours that followed as I was in a hotel built into the cliffs on a Greek island.
On Tuesday, a surge of half a million applications caused the government’s voter registration website to crash: 525,000 submissions on deadline day. This shows that we’re either a nation of complete procrastinators or the sheer political force of this referendum has prompted typically indifferent voters to actually take an interest in politics. Either way, it’s clear the Brexit debate has stirred up significant political intrigue across the country, which can’t be a bad thing.
Brent Crude rallied more than 8%, ending the month just shy of $50. It broke through that psychological barrier for a few hours earlier in the month as well. This rise in oil prices, driven by supply concerns in Nigeria and Canada, helped boost most equity markets. The cost of a barrel has almost doubled since January’s lows.
Is the latest ICM poll for the Guardian a watershed moment for the Brexit debate? For the first time, the telephone and online survey has put the leave campaign ahead with the overall result showing a 52% - 48% split in favour of the UK leaving the European Union.