Work by our Junior Researchers: sixth-form students who research and write with one-to-one support from a mentor on our team, through the Junior Researcher Mentorship Programme.
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Steam, electricity and computers each took decades to show up in productivity statistics. History suggests AI could pay off faster, but history also tells us that gains depend on how quickly firms reorganise.
9 min read
Germany has a reputation as a global powerhouse but in recent times its economy has struggled. Long term factors, geopolitical shocks and government responses shaping the German economy, all beg the question: can Germany climb its way back?
The government's new first-time buyer scheme promises to make homeownership more accessible and boost housebuilding. But how much of the benefit will reach buyers, and how much could end up with developers?
As global passive ETF assets under management approach $24 trillion, billions in savings are rushing into index-tracking fund for a sense of diversification, and the market structure is being changed dramatically. From the loss of active price discovery in market to creating the passive feedback loops for investor, the loss of active arbitrageurs in market is creating an enormous concentration risk for investors.
Fears over AI’s potential existential threat have entered the economic mainstream. As the US competes with China to lead the technology’s development, the prospect of slowing its advance looks increasingly remote.
In 2013 there were 39 unicorns. Today there are over 1,300. But how many of them justify their immense valuations?
From next April, the full state pension will be taxed for the first time. Two policies that were never meant to meet have collided, and the Chancellor has until the Autumn Budget to decide who pays.
As Britain races to expand its electricity grid, Ofgem's new commitment fees should thin out a crowded connections queue, but only if they test whether projects are progressing rather than how deep developers' pockets are.
Trump's promised $5,000 dividend has no confirmed funding source, raising questions about its inflation and economic risks. Here's what the numbers say.
As 16% of global investable assets are expected to be tokenised in 2035, the question of what settlement asset to use for digital finance raise. From "atomic settlement" to challenging the status of SWIFT, Central Bank Digital Currencies（CBDCs）seems to be the most ideal currency for the future. If so then how should central banks of developed countries should change their policies to adopt this new landscape?
The yen's collapse to ¥164 forced the largest coordinated US-Japan currency intervention since 1998, not out of allyship, but because Japan's $1.2 trillion in US Treasury holdings meant a disorderly slide threatened to spike American borrowing costs.
A divided Fed, a still-roaring AI rally and an Iran framework that collapsed within a fortnight pulled markets in three directions across August. The whiplash between them is a live lesson in how risk gets priced.
Private equity is quietly rewriting football-club ownership. Chelsea and AC Milan offer two versions of the same wager, and raise the question of whether financial discipline and success on the pitch can ever sit comfortably together.