Hamish McRae

Does our new Chancellor mean what he says? In a speech to Treasury staff on Tuesday, John Healey said his priority was fiscal discipline, adding: ‘Because

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From Tesco's Fresh & Easy adventure, to HSBC and M&S's ambitions and giant mergers, making it big in the US is not easy, says Hamish McRae.

From Tesco's Fresh & Easy adventure, to HSBC and M&S's ambitions and giant mergers, making it big in the US is not easy, hence market disdain for AstraZeneca's idea.

Hamish McRae: There are powerful arguments against encouraging downsizing, both for economic and social reasons

Higher for longer. That's the only sensible assumption to make about the path for UK interest rates.

Higher for longer. That's the only sensible assumption to make about the path for UK interest rates

Hamish McRae: Sales are slowing, and things may very well get worse

It has been another week of tension on the bond markets. But bonds - fixed-interest securities - never get the same amount of attention as shares.

It has been another week of tension on the bond markets. But bonds – fixed-interest securities – never get the same amount of attention as shares.