Now the first month of this year has passed, it seems a good moment to stop and see what new things we have learned about the world and UK economies.
Have financial markets resolved to give up their bad habits for New Year? As office cleaners rushed to ensure festive decorations were down before the twelfth night of Christmas, it looked as if FDs were in for some luck.
A few years ago, Mervyn King said he wanted monetary policy to be boring. Whatever the merits of December’s cut in interest rates, the Bank of England has certainly failed that test.
The debate over the reforms to the capital gains tax regime is in danger of missing a key point. The real significance is not what they do but what they do not.
Finance directors standing on the shore of the credit market must feel a bit like bathers on Amity Island in the film Jaws, wondering if it’s safe to go back into the water after the last sighting of a shark turned out to be a hoax.