There is little evidence to support the claim by Treasury Secretary Steven Mnuchin that tax cuts would pay for themselves by boosting economic growth to 3% or even higher, particularly not when the...

A flood of off-lease vehicles has hit used car prices and new vehicle sales, and the glut of vehicles still in the pipeline suggests that the sector’s woes will worsen in the months ahead. But this is...

Recent surveys show that the strength of business sentiment is fuelling a recovery in capital investment while ensuring that firms’ demand for labour is as strong as ever. With the pool of unemployed...

The Fed’s latest Senior Loan Officer Survey (SLOS) reveals that the recent weakness in bank lending is principally due to weak demand for loans rather than banks tightening lending standards.