Young-ish Professional, Liberal, Pro Europe, pro Human Rights, pro Democracy, pro Gun Control. With a passion for politics with principles, animals and life.
EU air passenger rights get a major overhaul ✈️
The European Council has given final approval, starting a 12-month countdown for airlines to adopt the new rules. Watch #EUXL
https://t.co/VEgGOwgcs7
Why is the UK churning through its leaders almost as quickly as Italy once did? Why do voters and MPs bequeath and remove their support with seemingly such casual ease? In short, is Britain becoming ungovernable?
https://t.co/5rsl3ADf9a
BREAKING: Top investors warn Britain faces a Liz Truss-style bond market revolt if Labour ousts Keir Starmer
Michael Pfister, FX strategist at Commerzbank: “The goal of a balanced budget is likely to falter should a less fiscally conservative candidate take over. And in recent years, we have repeatedly seen situations where the British government bond markets came under pressure and the pound followed suit. This time, the situation is unlikely to be any different.”
Cathal Kennedy, senior UK economist at RBC Capital Markets: “I think this morning there is a 2022 feel toward this, with the Prime Minister carrying on as normal while all indications show he has lost his authority in the party.”
Craig Inches, head of rates and cash at Royal London Asset Management Ltd: “The market is now pricing almost four rate hikes for the UK which it can’t withstand. Whoever replaces Starmer will not be able to borrow more money via gilts regardless of what they say.”
Mohit Kumar, chief economist and strategist for Europe at Jefferies: “Any replacement would likely be left-leaning and be negative for the long end of the curve and the currency. We maintain our steepeners and short position in sterling.”
Jordan Rochester and Evelyne Gomez at Mizuho: “We’ve been looking for 10 year UK gilts to sell off towards 5.15% by year end for quite some time, but this political drama accelerates the timeline, and we could see a move toward 5.20% until the political situation is settled and/or 5.35% in extreme stress.”
Laura Cooper, global investment strategist and head of macro credit at Nuveen: “Gilts are increasingly behaving like a real-time referendum on fiscal and political credibility, aggravated by the recent move higher in oil prices.”
Roger Lee, head of equity strategy at Cavendish: “Even if Starmer resigns the political uncertainty is unlikely to end as internal rivalry within the Labour Party ramps up. To stabilize the gilt market the government may have to commit to the fiscal rules and the only candidate seemingly prepared to do that is Wes Streeting.”
James Athey, fund manager at Marlborough Investment Management Ltd: “The last thing that Gilts needed was weakness in the US treasury market. Now we’ve got potential for the ceasefire to collapse, the US doing some fiscal expansion all on top of the utter domestic shambles that is UK politics.”
ANALYSIS: Trying to survive as PM meant shutting Burnham out, but Starmer and his team can’t predict what comes next as rifts deepen and anger grows
https://t.co/524J6ZjoFF
🇨🇳🇦🇷 | China Eastern Airlines ha lanzado el vuelo directo más largo del mundo: de Shanghái a Buenos Aires
La distancia es de unos 19.631 kilómetros y el tiempo de vuelo es de aproximadamente 25,5 horas desde Shanghái a Buenos Aires (hasta 29 horas en el viaje de vuelta debido a los vientos en contra).
La ruta incluye una parada técnica de dos horas en Auckland, Nueva Zelanda, para que los pasajeros descansen, pero aún así se considera un vuelo directo ya que no hay cambio de aeronave.
El Boeing 777-300ER operará la ruta dos veces por semana.
We wanted to take you behind the scenes on Budget Day.
It was the excellent @IzzyLosseff’s idea and superbly put together by @daria_casalini
We hope you like it! 🫒
Odd speech from chancellor. In one sense fair enough to blame last govt for problems. But wrong to pretend all utterly unexpected and couldn’t possibly have been predicted at election or budget last year. We knew the risks when tax promises were made. And so did she.
Beat rip off energy bills. The Price Cap is a pants cap.
A snippet from full help in the new Martin Lewis Podcast available on https://t.co/vqpEjBGAmo (+ Apple, Spotify & all the usual pod players).
PS Free whole of market energy comparison via https://t.co/GvRpDkzj9q