Britain's national debt will quadruple unless the Government takes drastic steps to address the pensions and ageing crisis, Standard & Poor's has warned. 27 Jun 2009 The Treasury is to rule out overhauling the Bank of England's inflation-busting target and will instead give the Bank and Financial Services Authority new, separate powers to control British financiers' balance sheets. 27 Jun 2009 Britain's public finances face a new £7 billion "black hole" after thousands businesses claimed back VAT overpayments they made to the Treasury. 27 Jun 2009 The Bank of England and the Treasury are locked in power struggle behind the scenes, writes Edmund Conway. 26 Jun 2009 Ireland is suffering more than any other advanced economy from the global recession and Irish banks could be facing losses of about €35bn (£30bn), the International Monetary Fund (IMF) said. 25 Jun 2009 Ireland is suffering the severest recession of any advanced economy, the International Monetary Fund said in its annual health check. 25 Jun 2009 Mervyn King tells MPs he has not 'been consulted' on key paper on financial reform due next week. 25 Jun 2009 The pace of America's slowdown is beginning to temper, says Fed, but warns economic activity is still "weak". 24 Jun 2009 The Conservatives plan to overhaul the tripartite system, giving the Bank of England overarching responsibility for UK financial regulation. 24 Jun 2009 The amount of money owed by the Government is huge and rising, saysEamonn Butler, so why aren’t we pursuing simple, effective ways to reduce the burden? 24 Jun 2009 Drop money from helicopters to avoid depression. So said Ben Bernanke, president of the US Federal Reserve. Helicopter money-drops are highly visible. And when the descending cash is simply printed money, it can attract widespread criticism. 24 Jun 2009 The Bank of England Governor warned of a 'long hard slog' to recovery as he took questions from MPs on the May Inflation Report. 24 Jun 2009 The European Central Bank lent commercial banks a record €442.2bn (£375bn) at 1pc on Wednesday via its first offer of 12-month funds in a bid to boost credit flows. 24 Jun 2009Economics
The latest news, analysis and comment on the UK and global economy.
LATEST ECONOMICS NEWS
UK's debt will quadruple unless drastic steps are taken, says S&P
Treasury to grant new powers to Bank of England and FSA
£7 billion tax 'black hole'
Financial White Paper won't end tensions at the heart of British policymaking
Irish economy worst hit, IMF claims
Irish economy is the sickest of them all, IMF study claims
Governor left in dark by Treasury on bank reforms
US Federal Reserve says recession is 'easing'
Conservatives to bolster Bank of England's power
Government debt: That’ll be £2.2 trillion, please
ECB favours underground press over helicopter drop
Scale of UK deficit is 'truly extraordinary', says King
ECB lends record €442bn in first loan offer to boost credit flows
Saturday, 27 June 2009
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