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Is Facebook really worth a Trillion Dollars?

You may have seen the film The Social Network. In the film, Jesse Eisenberg, playing Facebook founder Mark Zuckerberg, is musing on wealth. “A million dollars?” he says, and shrugs. “But a billion dollars… that would be cool.”  The film was released in 2010. Eleven years on the scriptwriters may need to add three more

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Lessons for businesses from Gareth Southgate?

In 1996 England went out of the Euros on penalties. The man who missed the crucial penalty was Gareth Southgate, now the England manager.  Speaking about the miss recently he said, “I’ve had a couple of decades to think about it. I was a volunteer. The type of character I was, I felt you should

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August market commentary

market
Introduction  As everyone expected, July saw the G20 endorse the plan from the G7 meeting in Cornwall to set a minimum global rate of corporation tax.  A headline in City AM proclaimed that US tech giants could face a $28bn (£20bn) tax bill, with suggestions that the tax could raise as much as $87bn (£63bn).

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Are we Right to be optimistic about the UK Economy?

Is the glass half full or half empty? It’s one of the oldest questions (and clichés) there is. But right now you could be forgiven for thinking that as far as the UK economy goes the glass is not just half full, it’s completely full.  The last few weeks have brought us a steady stream

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Will Biden’s stimulus package work?

When Joe Biden was inaugurated as President back in January there was much talk of his proposed stimulus package for the US economy. The figure generally talked about was $1.9tn (£1.36tn), an eye-watering sum of money. To give you a comparison, the National Audit Office in the UK is currently saying that the Government has

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Is cash too safe?

One of the great themes of the past 15 months has been accidental savings: the amount people in the UK have “saved” by the simple expedient of not being able to go out and spend.  “Thrifty Brits stash the cash in lockdown” has been a typical headline, quickly followed by an estimate of how much

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Is the UK’s Future in the Far East?

In April it was announced that the UK and Australia had agreed the “vast majority” of a trade deal. Although talks between International Trade Secretary Liz Truss and her Australian counterpart broke up without a deal, both countries were “confident that the remaining issues will be resolved.” The final deal is expected to be completed

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Who will Pay the Bill for Covid-19?

Government borrowing is at its highest level since the Second World War. According to the Office for National Statistics it reached £303.1bn in the year to March – nearly £250bn higher than in the previous year. Borrowing in March was £28bn – the latest month to set an unwelcome record. Borrowing in the year to

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June Market Commentary

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Introduction  In some ways, May was a relatively quiet month. Although, it did bring us the marriage of Prime Minister Boris Johnson, the first PM to marry in office since Robert Jenkinson, 2nd Earl of Liverpool, in 1822.  Having eaten a slice of wedding cake and gone straight back to the office, Boris Johnson will

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What to do about the ‘bulls’ and the ‘bears’

You have likely heard the terms ‘bull market’ and ‘bear market.’ A bull market is one where stock markets are rising and investors are feeling confident: a bear market is the opposite. ‘Bullish’ has even come to be used in a wider sense, meaning generally optimistic: ”I’m feeling bullish about our chances of beating United

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