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Donald Trump’s infrastructure plans win backing from OECD

Donald Trump’s economic plans received strong backing from the Organisation for Economic Co-operation and Development on Monday, with the international organisation predicting the president-elect’s infrastructure plans would increase US growth,…

Donald Trump’s economic policy gets thumbs up from OECD

Donald Trump’s economic plans received strong backing from the Organisation for Economic Co-operation and Development on Monday, with the international organisation predicting the president elect’s infrastructure plans would increase US…

Only events have the power to shift the Brexit debate

When Margaret Thatcher died in 2013, Tony Blair usurped her as the source of all modern wrongs. Inequality: his fault. Terrorists: he provoked them. Spin and celebrity? Inventions of this…

New Basel banking rules’ impact on European economy

The coming days will be crucial for the future of the European economy. The Basel Committee on Banking Supervision will officially present its final set of proposals on capital requirements…

ECB’s Cœuré stresses barriers to Greek QE inclusion

Policymakers at the European Central Bank will have to make a series of judgements about the sustainability of Greece’s debt and the trajectory for its economic growth before deciding on…

Brexit will be tougher for UK than for eurozone, warns Draghi

Mario Draghi has warned that Britain, rather than the eurozone, will “first and foremost” feel the pain of Brexit, as he called for clarity over the negotiation process that will…

Draghi hints at changes to eurozone funding market rules

Policymakers at European Central Bank are aware of a funding squeeze resulting from its landmark bond-buying programme, Mario Draghi said, hinting the central bank could move to ease problems being…

Forecasters have been much too pessimistic about Brexit

This year has not been kind to economic forecasters. Blood-curdling noises from the Treasury before the EU referendum were, thankfully, not fulfilled. The Treasury had warned of an “immediate and…

Philip Hammond has broken with the Treasury orthodoxy

Politics is a funny business. Sometimes politicians make bold claims to have torn up the conventional wisdom while taking timid steps that barely change anything. But other times the old…

The liberal elite’s Marie Antoinette moment

Some revolutions could have been avoided if the old guard had only refrained from provocation. There is no proof of a “let them eat cake” incident. But this is the…