Sunday, 26 April 2009

Economics

The latest news, analysis and comment on the UK and global economy.

LATEST ECONOMICS NEWS

UK isn't behaving very triple-A

The UK just doesn’t feel triple-A. The sovereign debt remains top-rated, and the major rating agencies aren’t formally considering a downgrade. But the government is not behaving the way a top-rated debtor should.

24 Apr 2009

Borrowing puts UK's AAA rating in danger after Budget 2009

The prospect of higher interest rates for companies and households moved closer after ratings agencies voiced fears about the UK's debt burden.

24 Apr 2009

IMF row in Washington threatens £750bn crisis pot

The G20's grand plan to raise $1.1 trillion (£750bn) in economic rescue money for the International Monetary Fund was yesterday stuttering.

25 Apr 2009

British economy shrinks at fastest pace for 30 years

Gross domestic product (GDP) fell by 1.9pc in the first quarter, far more than the 1.5pc expected by economists.

24 Apr 2009

US Treasury Secretary told to speed banks clean-up

Tim Geithner: urged to make progress as quickly as possible

Tim Geithner gets rare warning from British counterpart to do more to rid American banks of toxic assets.

24 Apr 2009