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Fascinating on how erecting trade barriers can impact investment, based on Brexit experience of UK

This is particularly relevant given there is much higher refinancing of high yield corporate bonds expected this year than in recent years...

Risk is that, at some point, very inflexible rules become a source of uncertainty not certainty. If things continue the way they are we will soon be into questions around tax rises & spending cuts to meet fiscal rules. That prompts further uncertainty for business & investors

UK 30 year yield at highest level since summer 1998

Linking this to US tariffs & trade. Our new data highlights just how successful US tech firms have been thanks to open markets in the UK & elsewhere. The services angle is often ignored but the US & US firms have hugely benefited from the global trading system & general openness

Looks like pause on everything except 10%. Which for countries such as the UK which already had just the 10% isn't exactly optimal...but the broader market relief and hope of avoiding a global slowdown is the most important thing for all economies including UK

Very positive GDP figures, welcome with everything going on. Let's hope this momentum is maintained and the market turmoil as well as tax/price rises in April don't have an impact.

Glad to see the EU Commission finally calling out this nonsense. It's unconscionable with these stakes to be delivering speeches about acting with urgency, and then for Europe's leading defence power to be unable to join industrial cooperation because of fishing spats.

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Last two days has started to see real divergence between US 10 year borrowing cost (rising sharply, blue line) & Dollar Index (falling sharply, white line). Also combined with falls in equities. Shows that this is far from over...

Strong line form Nissan's Alan Johnson. "Simple fact is we (UK) are too expensive. Sunderland is most efficient plant Nissan has but once you've paid your elec, gas, NICs etc we are too expensive - any industrial strategy that doesn't tackle that is a waste of time.