Speculation is hotting up about what the Autumn budget will bring. It feels like only yesterday we were staring down the barrel of the fear that chancellor Rachel Reeves would raise capital gains tax in line with income tax last year. In the event, of course, her move was modest and even that proved counterproductive with the tax-take falling since the intervention. This year, she remains in a very similar pickle. Her hopes that last year’s tax rises, principally a rise in employer NI, would...

When crises hit, they always seem new, unexpected and shocking. They cause us to worry whether markets can really ever recover. This is the essence of shocks; they are, to offer a truism, unexpected.

We have just passed the milestone for the first 100 days of the second presidency of Donald Trump. He greeted the milestone with a rally...