After winning both Senate seats in January’s special election in Georgia, Democrats have gained unified control of both houses of Congress. This significantly increases President Biden’s ability to sign new legislation, including the long-promised stimulus package in response to COVID-19. President Biden called for a 1.9 trillion USD relief package on Thursday (January 14th) that…

Read More

The most frequently mentioned promise in the 2019 UK general election was to ‘level up the UK’.  This referred to helping underperforming areas, especially in the North, close the regional income and wealth divide which has become one of the largest in the developed world. The pledge evidently won over voters in these areas, gaining…

Read More

As the United Kingdom prepares to leave the European Union (EU) at midnight on the 1st of January 2021, it is worth evaluating the financial implications of one of the most historically significant shifts in British foreign policy. Dependent on whether or not a post-Brexit UK-EU trade deal can be agreed upon, the UK’s foreign…

Read More

The Regional Comprehensive Economic Partnership (RCEP), the largest free-trade zone in the world, is emerging in the Asia-Pacific region. On the 15th November 2020, the heads of state and government of China, Japan, South Korea, Australia and New Zealand signed the agreement with ASEAN, the Association of Southeast Asian Nations, which includes Thailand, Vietnam and…

Read More

In the years following the 2008 financial crisis, regulation of the UK banking sector has substantially increased. One of the most prominent policies has been the mandated ring-fencing of banks, which since 2019, has placed 1.2 trillion GBP of core deposits in ring-fenced bodies (RBFs). RFBs disconnect retail banking operations from investment banking activities, thus…

Read More