Investors play it safe as gloom takes hold
Worried by downward trends in international markets, investors are starting to look for more secure options for their funds. Gold and silver are possibilities, but currencies such as Swiss and Japanese look more welcoming
The latest data from the global economy makes for sobering reading. In Germany, factory orders for July plunged by over 5 per cent year on year. In the US, the manufacturing sector is in contraction. US labour market data for August also showed signs of a slowdown. The August non-farm payrolls showed that, while the unemployment rate was steady at 3.7 per cent, only 130,000 jobs were created across the whole economy.
In Britain, the economy is probably...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures