Simon French
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Google books | books.google.com |
| Born | Australia |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1746560 |
Simon French Life story
Simon French was born and raised in Australia. He wrote his first novel while still in high school. He has written several novels and picture books, published in Australia and overseas. ...
The flashing warning sign that is worrying investors
... It is likely to impact whichever party wins the UK general election tipped for next year, says Simon French, a managing director at investment bank Panmure Gordon...
UK wages grow at record rate
... Simon French, chief economist at Panmure Gordon, said that inflation could fall to 7% or even 6...
Could a US debt default unleash global chaos?
... However, if it did, " it would make the global financial crisis look like a tea party" says Simon French, chief economist at investment bank Panmure Gordon, referring to the near collapse of the world s banking industry in 2008...
Investors remain calm despite political chaos
... Simon French, chief economist at Panmure Gordon, told the BBC: " The UK Government can borrow for 10 years at about 4% - that number has come down in recent days, but it s [the UK Government] paying about 0...
Faulty drainage work blamed for fatal Stonehaven derailment
... What has the reaction been? Simon French, the chief inspector of rail accidents, said the industry owed it to everyone affected by the tragedy to learn safety lessons for the future...
Metal price rise will make canned food more expensive, says LME chief
... " Panmure Gordon economist Simon French told the BBC that the UK s inflation rate could now hit 10% because of higher costs, and on Thursday an industry body warned that UK household energy bills could reach as high as £3,000 a year...
Lorry stuck on Essex crossing barrier almost hit by train
... Simon French, chief inspector of rail accidents, said it was almost a disaster , adding that Network Rail and Amey Inabensa had addressed the factors to stop it happening again...
Investors remain calm despite political chaos
UK Government borrowing costs rose slightly as investors watched the latest political turmoil.
However, while interest rates - or yields - on government Bonds climbed, they were still below levels That had been seen earlier in the week.
One analyst said the markets were " watching in a kind of stunned, open-mouthed horror" at political events.
However, he added markets had not moved much, as investors are waiting for The Next development.
" Markets are simply voting machines about what they expect will happen next, " Bill Blain of Shard Capital told The Bbc 's Today programme. " So the markets really need a signal and if we get a positive signal will go up.
" The Problem we've got is That The Last couple of weeks has really destroyed The Image of political competency and That 's one of The Key elements to make any economy work.
" There are three things you need: you need a stable currency, you need a sustainable bond market and you need competent politics, and because it looks like competent politics are broken That 's creating the volatility That we're seeing in markets. "
Prime Minister Liz Truss is under renewed pressure after the home secretary quit on Wednesday and MPs took part in a chaotic vote on fracking.
Government borrowing costs rose sharply last month after it unveiled a tax-cutting mini-budget Without Saying how it would pay for it.
But these costs then Fell Back after The Bank of England stepped in with its emergency support programme, and after Jeremy Hunt reversed nearly all the mini-budget measures when he became chancellor.
What are government Bonds ?The government can raise money by selling Bonds - also known as gilts - to investors. Bonds are a bit like an " I owe you".
Typically, the government agrees to repay the investor on a certain date in The Future . In the meantime it pays interest on the loan.
However, the mini-budget hit confidence in Bonds , and led to investors demanding a much higher rate of interest In Return for investing in them. Some Bonds halved in value.
The interest rate - or yield - on UK government Bonds for borrowing over a 10-year period climbed above 4% at one point on Thursday morning, although this only brought the rate back to The Level it had been 24 hours earlier.
The rate remains below The Levels seen in The Immediate aftermath of the mini-budget, but it is still higher than before The Announcement .
Analysts said UK borrowing costs were still higher than in similar countries.
Simon French , chief economist at Panmure Gordon, told The Bbc : " The UK Government can borrow for 10 Years at about 4% - That number has come down in recent days, but it's [the UK Government] paying about 0. 75% More Than it really should be if you benchmark the cost of Government Debt against other comparable countries.
" That progress in getting That interest rate down will have been stalled by yesterday's events. "
The pound remained steady against the US dollar on Thursday, trading at about $1. 12, although this is lower than The Level of $1. 14 it hit on Monday following The Announcement That most of the mini-budget measures were being scrapped.
Source of news: bbc.com
Simon French Photos
