Earlier this month, Osborne sanctioned the first sale of our shares in the Royal Bank of Scotland - at far below the purchase price. About £1billion below. The cost of all the legal actions and fines will have been factored into RBS’s share price; in other words he got the best deal he could when he sold - he should sell the rest quickly. ...read
Jon Rees, Financial Mail on Sunday's recent articles
JON REES: Cheap oil may not help to boost economic growth this time
Falling oil prices add to the chances of deflation, of course, but consumers do not tend to hold off filling up their tanks because they think petrol will be cheaper next week. Instead, they fill up more often and travel farther as a result. Usually there is a direct correlation between cheap oil and economic growth. Most experts predicted a short, sharp battle between the Saudis and the US shale producers. But with demand staying flat, according to the International Energy Agency, we could be in for a long war. ...read
JON REES: All of us should worry if China starts to tremble
The doomsday scenario is that a destabilising currency war could break out: a race to the bottom for currencies and markets worldwide in a bid to undercut a potential tide of cheap Chinese exports. Devaluation will affect companies selling goods to China, too, including plenty of British ones. ...read
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