ALEX BRUMMER: Rishi’s budget plan will make Britain less competitive

The folly of raising taxes: Chancellor’s budget plans risk making Britain less competitive, says ALEX BRUMMER
By Alex Brummer for the Daily Mail
Published: 16:55 EDT, 21 October 2021 | Updated: 06:17 EDT, 22 October 2021

There are a screed of caveats surrounding the fast improving state of the public finances. Not least is the fact that borrowing this year could still come in at, or above, £200billion.

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ALEX BRUMMER: US banks soar while UK lenders are being held back

ALEX BRUMMER: US banks are soaring while UK lenders have had their wings clipped since the financial crisis
By Alex Brummer for the Daily Mail
Published: 17:25 EDT, 14 October 2021 | Updated: 17:25 EDT, 14 October 2021

The contrast between the performance of the big US commercial banks and High Street lenders could not be greater.
Bank earnings are soaring in the US.

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ALEX BRUMMER: US banks soar while UK lenders are being held back

ALEX BRUMMER: US banks are soaring while UK lenders have had their wings clipped since the financial crisis
By Alex Brummer for the Daily Mail
Published: 17:25 EDT, 14 October 2021 | Updated: 17:25 EDT, 14 October 2021

The contrast between the performance of the big US commercial banks and High Street lenders could not be greater.
Bank earnings are soaring in the US.

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Robert Greenway: On the Abraham Accords’ first anniversary there’s real impact and even greater potential

NEWYou can now listen to Fox News articles!
For generations, we imagined what achieving peace in the Middle East could bring to the region and its people. Today, with vast natural resources, aspirational societies, and a growing population with approximately 65 percent under the age of 30, Middle Easterners are postured to move forward and seize new opportunities to build on the region’s limitless potential—and a transformative agreement. 
As we mark the first anniversary of the Accords signing it’s important that we assess its impact and potential.

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“Neoliberalism has really ruptured”: Adam Tooze on the legacy of 2020

If you’re reading this article, you can remember what it was like to be alive in 2020 — all too well, most likely. And while you may not want to relive it, Shutdown: How Covid Shook the World’s Economy — a new book by renowned economic historian Adam Tooze about the year that was — makes a strong case for revisiting it.
Shutdown is a kind of “history of the present,” using information available now to try to make sense of the past year through the lens of the global economy.

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2020 Was Almost Worse Than 2008

On Thursday, March 12, 2020, the news from the financial markets was grim. America’s stock markets suffered losses worse than anything in 2008. Only Black Monday, in October 1987, and the darkest days of 1929 were worse. That was bad, but for insiders, the stock market was not the real worry. A “correction” was in order. The world was heading into shutdown. It was to be expected that share prices would fall. The function of shares as risk‑bearing capital is to act as a shock absorber in hard times.

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My investing Isa is a sea of red but my cryptocurrencies are 28% up despite the spring plunge

My investing Isa is a sea of red but my drip-fed cryptocurrency gamble is 28% up despite the spring plunge, says ADRIAN LOWERY: Plus I’m earning 5% interest on bitcoin…
By Adrian Lowery for Thisismoney.co.uk
Published: 23:00 EDT, 1 September 2021 | Updated: 23:00 EDT, 1 September 2021

My Isa is a sea of red at the moment. The Asian and emerging markets funds are all well down on the year for reasons well documented in the financial press in recent months.

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The long road to India’s unparalleled pandemic catastrophe

NEW DELHI, India — Shiv Charan Lal Gupta, the medical director of Batra Hospital in New Delhi, has seen the devastation that follows an earthquake: dead bodies strewn about, patients maimed and in desperate need of care.
None of it prepared him for the day his hospital ran out of oxygen.
It was a Saturday: May 1, 2021. The massive second wave of Covid-19 cases in India, driven by the emerging delta variant, was peaking. At Gupta’s 500-bed private hospital, 80 percent of beds were reserved for Covid patients.

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The long road to India’s unparalleled pandemic catastrophe

NEW DELHI, India — Shiv Charan Lal Gupta, the medical director of Batra Hospital in New Delhi, has seen the devastation that follows an earthquake: dead bodies strewn about, patients maimed and in desperate need of care.
None of it prepared him for the day his hospital ran out of oxygen.
It was a Saturday: May 1, 2021. The massive second wave of Covid-19 cases in India, driven by the emerging delta variant, was peaking. At Gupta’s 500-bed private hospital, 80 percent of beds were reserved for Covid patients.

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