Matthew Lynn

Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

The London Stock Exchange is in serious trouble

It has impeccable green credentials. It is crucial to the country’s power grid. And it is one of the UK’s largest private companies. A floatation of Octopus Energy should have been just the kind of event that would give the London Stock Exchange a much needed boost. And yet it now emerges that it may

France can’t afford a Le Pen government

It is possible that President Macon had some clever plan when he called a general election in the wake of catastrophic European election results last night. After all, he has a reputation for always being several moves ahead on the political chessboard. And yet one point is surely clear. France can’t afford a Le Pen

The logic behind Labour’s foie gras ban

It was never very impressed by the opportunity to strike trade deals across the fast-growing Pacific. It didn’t much like the idea of deregulating the tech industry. Nor did it think much of diverging on financial standards to re-boot the City. The Labour party may have accepted our departure from the European Union, but it

A Musk-Trump White House collaboration will only end badly

He has created a major automobile company. He has built space rockets, taken over X, made himself hundreds of billions, and even found time to father lots of children. Elon Musk has plenty of achievements. And yet he may soon have one more. A cabinet post in the next Trump administration. But hold on: Musk

Daniel Kretinsky may come to regret buying Royal Mail

Foreigners are stripping the UK of its assets. Vulture capitalists are swooping down on our historic companies. We need a strategy to defend jobs and services. We will hear lots of arguments over the next few days about why the Czech billionaire Daniel Kretinsky should not be allowed to complete his agreed takeover of Royal

Will Nvidia stock keep going up?

It more than doubled its sales. It unveiled a new line of microchips. It promised to keep rolling out new products for the next few years. In the end, Nvidia, the chip manufacturer, delivered the kind of blockbuster results that traders and investors had been waiting for. Yesterday’s ‘Nvidia Day’ (as the company’s quarterly results

Passport e-gate outages are an embarrassment to Britain

Queues that stretch for hours. Technology that doesn’t work. And a system so poorly designed that this isn’t the first time it’s broken down. There appears to be a perfectly innocent explanation for the failure of the passport e-gate system across the UK’s airports last night – a ‘system network issue’ – despite the wilder

Is Javier Milei’s medicine working?

Javier Milei was taking too many risks. Argentina’s president didn’t have enough political support. And his radical version of free market economics didn’t offer any solutions anyway, especially in a world where the state is more crucial than ever. When Milei won the presidency last year there were plenty of predictions that he would fare

Matthew Lynn

The truth about Ireland’s £600 million Brexit ‘bonanza’

Ireland is reaping the benefits of a Brexit bonus to the tune of €700 million (£600 million). It is not hard to understand why hardcore Remainers are gleefully reporting the news that the government in Dublin is collecting huge extra revenues, much of which comes from imposing tariffs on British goods. What is being reported

Meta’s AI investment plan has backfired on Zuckerberg

It will write your WhatsApp messages for you. It will post a cute picture of your cat on Instagram, even if you don’t actually have a cat. And it will put some enhanced memories up for you on Facebook, while cheerfully making connections with people you don’t know and who may well not actually exist…

Elon Musk doesn’t know how to turn Tesla around

The share price is in freefall. Sales are sliding at an accelerating rate as customers lose interest. The Chinese are moving in, and the brand is tarnished. When Elon Musk unveils the quarterly results for Tesla later today, he will need to convince his shareholders he has a plan to turn the company around. The

Elon Musk (Photo: Getty)

If Apple loses against China so will the West

It has been a long time since the West dominated shipbuilding, or steel making. We are already aware that we are losing ground in consumer goods, as well as in finance and transport. Add it all up, and we no longer expect the US, Europe or its allies to control the global market in most

It’s hard to be proud of the FTSE 100

It has finally happened. In trading on Tuesday afternoon, the UK’s FTSE 100 index finally closed in on an all-time high. It hit 8,015 points, itching above the previous record closing level of 8,014 set in February 2023 – even if it was still a whisker below the intra-day trading record of 8,043, also from

The Swiss are cutting interest rates. Why can’t we?

Mortgage rates will finally start to come down again. Consumers will have a little more money in their pockets. And companies will find it cheaper to invest. Today’s cut in interest rates was a much needed boost for the economy. Oh, but hold on. That was over in Switzerland, where the central bank this morning cut

Rachel Reeves will regret promising growth

Growth will be turbo-charged, animal spirits will be unleashed, and foreign investment will flood back into Britain. Shadow chancellor Rachel Reeves is promising a Thatcher-style revival of the British economy if Labour wins power. But there’s a problem with the pitch that she will deliver in her keynote Mais lecture on the economy today: a

Cutting National Insurance won’t save the Tories

It will put more money in people’s pockets. It will improve the incentives to work. And it will put down a marker that the party does still believe taxes can occasionally be cut. The Chancellor Jeremy Hunt is not the world’s finest speech-maker, but he will probably attempt a few rhetorical flourishes when he cuts