Market Talk

As the newly appointed Democratic-nominee for the US Presidency, Kamala's rapid rise has been associated with a wave of new policy proposals that will shape the US for years to come. Comparing them with that of Donald Trump presents a stark difference in their visions for the future of the US economy.

The upcoming Autumn Statement paints a gloomy picture of the UK economy. Taxes are expected to rise with government spending projected to fall as the newly-appointed Labour chancellor looks to fill the £22 billion black hole in the public finances.

Donald's Trump potential ascendency to the US Presidency once again raises hallmarks of his future economic agenda. A renewed focus on tariffs, building on the policies of his first administration, could have damaging effects for the US economy, hurting consumers and low-income earners the most.

Labour's historic election victory marked the end of 14 years of Conservative governance. Their key manifesto pledge surrounds investment and long-term economic growth: reforms to planning legislation, combined with public investment projects and political stability.

The London Gold Pool, established in 1961, aimed to build on the Bretton Woods System that initially defined the post-WW2 world order. However, its eventual demise foreshadowed the collapse of the Bretton Woods System in 1971, marking a new era of monetary policy.

The revolution that wrought Russia's transformation into a market-based economy, induced a monetary crisis. A series of economic shocks produced the Russian Financial Crisis of 1998, that sent the Ruble tumbling and paved the way for the rise of Vladimir Putin.

The Bank of England's Independence was wrought after a succession of crises, most notably that of the ERM in 1992 - known as Black Wednesday. The aftermath resulted in the incoming 'New Labour' government reforming the Bank of England, rendering it independent of government policy.

The Flash Crash of 2010 often goes under the radar as a major financial crash. Within 15 minutes, $1 trillion of value was wiped out during a sudden shock that began in the S&P 500 Futures market.

Iceland oversaw a remarkable financial crisis during the late 2000s. With the three largest banks comprising a colossal size of the Icelandic economy, the reverberations from the US and UK sub-prime crises hit the Icelandic economy more than most.

India's economy has witnessed a rapid economic transformation over the past few decades. Beginning in 1991 with a wave of economic liberalisation, successive governments have unlocked India's economic potential through supply-side reforms, with a particular focus on infrastructure and boosting FDI flows.