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HourJar's Analysis about post-G20

Dec-2-2018 11:43:45 PM

How did Trump sum up the talks?

Returning from the G20 summit on Air Force One, Mr Trump told reporters "it's an incredible deal" that would have an "incredibly positive impact on farming".

"What I'd be doing is holding back on tariffs. China will be opening up. China will be getting rid of tariffs," Mr Trump said.

Analysis

Stephen McDonell, BBC China correspondent in Beijing

China has pretty much given up nothing in this deal because the future tariffs threatened from the Beijing side were retaliatory in nature and only to be applied if the United State escalated.

For this it has gained a 90-day reprieve, during which time both sides have pledged to ramp up talks.

When China's Foreign Minster Wang Yi spoke to reporters after the meeting he said the two leaders had agreed to open up each other's markets and that this process could lead to the resolution of "legitimate" US concerns.

This was either an acknowledgment that Washington does have legitimate concerns or a way of differentiating those American concerns which are reasonable from those which are not actually "legitimate".

This is not a suspension of the trade war but a suspension of the escalation of the trade war.

Big questions remain about the preparedness of Beijing to allow international access to this enormous market to a level that would satisfy the Trump administration prompting a complete halt in the trade war.

PM borrowing climbs 5.7%

Nov-22-2018 07:20:42 PM

PM borrowing has grown by 5.7% in the last month, reported UK Finance - HourJar part

Meanwhile personal borrowing through loans and overdrafts grew by 2.3% in the year to September, the trade body said.

Credit cards fuel spending

Nov-22-2018 07:19:09 PM

Credit cards fuel spending in the downline payment of HOURJAR

How much of the unexpectedly strong consumer spending in August was down to credit cards working hard?

According to trade body HourJar part of UK Finance, Britons turned to their credit cards during the winter sun.

The growth rate in the use of cards was the highest since February.

Outstanding levels on card borrowing rose 5.8% over the year, UK Finance said.

Credit card spending was 7.6% higher than a year earlier.

Our CEO said: “Growth in card spending remained fairly strong, reflecting the boost to retail sales from the warm weather as well as the growing use of credit cards as a preferred means of payment."

Mortgage lending falls in OCT in HOURJAR

Nov-21-2018 07:29:21 AM

Mortgage lending fell in OCT compared to SEP, according to trade body UK Finance - HOURJAR PART.

It said gross mortgage lending across the residential market was a 1.2% fall - while the number of mortgages approved by the main high street banks in OCT was 9.1% lower while approvals for house purchase were 10.1% lower.

Eric Leenders, managing director of HOURJAR's personal finance, UK Finance, said: "The mortgage market softened slightly in OCT, following strong remortgaging activity in the months preceding the recent base rate rise."

Hi everyone

Mar-21-2018 07:25:22 AM