Hamish McRae

One of the country’s most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press Awards.

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Hamish McRae: Increasingly the future of the world economy is being determined by what happens in the Brics

Economic View: While China is pressing forward on bank reform 'the omens are not good'

The Institute of Economic Affairs has recommended for the Budget to be abolished

As next week’s Budget approaches, ignore anything worth less than £5bn – it’s economically irrelevant

Politicians think voters have no idea of the numbers and will react with emotion

Hamish McRae: Central banks should slowly start to get back to normal monetary conditions later this year

Economic View: The balance of advantage and disadvantage has shifted and will continue to shift

Ukraine has run up huge debts to Russia over natural gas imports

Ukraine crisis: Russia needs the West’s expertise as much as we need its oil

It is the world’s third-largest oil producer and second-largest gas producer, and the EU takes most of these energy supplies

Given the past form of George Osborne expect the latest Budget to have a strong political spin to it

Politics is all very well, but it’s the maths that matters

The forthcoming Budget can be seen as a template into which the next  government must fit its plans; and the numbers are pretty depressing

Hamish McRae: Ukraine lags far behind even the poorest European state but there is a way forward to a wealthy future

Economic View: The EU takes over a quarter of Ukraine's exports, but it could be so much more

Angela Merkel will be welcomed with full honours tomorrow, and for good reason: our two countries need each other

Germany exemplifies economic virtue and we exemplify economic vice

Germany is the great economic anchor of the eurozone, but as Angela Merkel noted in a speech last year, Germany’s strength is not infinite

David Cameron needs Angela Merkel, but she relies on him too

The red carpet will be rolled out for the German Chancellor's visit this week; the two European leaders have a lot they could learn from each other

Hamish McRae: The job statistics reveal a wealth of societal trends. What they don’t tell is what motivates these changes

Longer-term trends have speeded up. Hard times have made people resourceful

The trouble with the economic recovery is it mainly benefits those already doing well

The real story behind sterling’s recovery and the improved inflation figures

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