Sunday, 13 December 2009


ECONOMICS

The Bank of England in London

Bank of England reaps rich reward on bailouts

Old Lady of Threadneedle Street is on track to make record profits after reaping huge fees from its financial system bailout

manufacturing turbines

Factories bear brunt of oil price rises

Costs of factory raw materials and overheads rise at the fastest annual pace in a year because of spike of in oil price

George Osborne

Osborne: I can solve Britain’s £178bn problem

The Shadow Chancellor could be about to graduate to managing the country’s finances, and he wants to take the fast track

Where did the UK’s structural debt come from?

Following this week’s Pre-Budget Report, theories abound on whether to blame the recession or just good old overspending

Gilt slide continues as debt fears linger

Market for government stock hit again amid mounting worries over the UK's credit rating in wake of Pre-Budget Report

British groups move from Dubai to Abu Dhabi

Mouchel, the management consultancy, and Carillion, the UK’s second-largest construction company, are cutting their losses

ANALYSIS: Rising gilt prices show investors' fears

The views of Investors matter more than those of credit rating agencies. By raising gilt prices they are speaking volumes

Factory gate prices jump ahead

Rising oil prices prompt raw materials costs for British factories to rise at fastest annual pace in a year

Fiscal deficit puts UK's AAA rating under threat

Leading credit rating agency, Moody's, warns of a cut by 2013 if Britain fails to return its finances to order

Britain’s wealth is unbalanced and uneven

These new figures from the ONS show how and why the economic equilibrium and equality should never be taken for granted

Greece vows to ‘clean up’ its debt mountain

George Papandreou, the Greek Prime Minister, called an all-party crisis meeting, with the aim of reassuring markets

Botín urges Spain to act as rating slides

The head of Europe’s biggest bank urged greater efforts to maintain international investor confidence

Rise in mortgages hides ‘two-speed market’

Low interest rates are encouraging those with large deposits to invest, but are also holding back the remortgage market

EU nations get behind super-tax on bonuses

The pan-European blast undermined threats by banks that they would abandon the City for more attractive tax regimes

New rule hits high earners with pension plans

The full impact of the measure, which cut the threshold for lower relief from £150,000 to £130,000, was just sinking in


Britain 'addicted to debt,' report finds

A survey of Britain’s wealth showed that 44 per cent of the public are more inclined to spend their money than save it


MONEY

How the pre-budget report plunders our pockets

Neil & Victoria Avery with their children Matthew & Charlotte at home near Hampton Court.

Nearly half a million middle-income earners will be hit as National Insurance and income tax thresholds are targeted

Labour doubles tax on work

The government has more than doubled the burden of NI contributions on middle income earners since coming to power in 1997

Revealed: the 250% tax on pension contributions

Government will impose a charge on higher-earners in occupational schemes when their company pays money into their pension