Economic news
Why the Post Office paid £600m to stay shackled to the faulty Horizon system
Not owning crucial code has meant it has been unable to replace the system that led to a scandal.
Milei taunts economists as Argentina’s peso defies predictions of sharp fall
Currency is well above its lower limit after partial float but remains volatile
We’re not spending cash, so why are we hoarding it?
The value of UK bank notes in circulation has hit a new record high, but it may all be under the proverbial mattress
Uncertainty remains the only certainty for UK on tariffs
If the dollar were to weaken further, the drag on growth and inflation would probably be larger
How the Treasury market got hooked on hedge fund leverage
Recent turbulence was partly the result of trading strategies using derivatives. But the same investors are increasingly important buyers of US government debt