Tesla jolts into S&P 500

The electric car maker Tesla’s stock performance this year has been – in an analogy that will no doubt please Elon Musk – a rocket in flight. At the time of writing, Tesla shares are up nearly eight- fold since the COVID sell-off in March, making it the most valuable car company in the world.…

This time, Brexit really means Brexit

In the strangest year in recent memory, one news story serves as a timeless constant: “Brexit talks remain deadlocked”, according to the FT’s headline this week (which could have been from any point in the last four and a half years). European Commission President Ursula von der Leyen told the European Parliament it was still…

Fiscal floundering

During a week when global stock markets continued their more gradual upwards trend, government policy was in full focus, but offered little in support. For the UK, it looks like ‘out of the frying pan into the fire’ when official lockdown ends next Thursday, with the vast majority of England under tighter restrictions than before…