Sunday, 20 December 2009

Economics

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

LATEST ECONOMICS NEWS

Euro 'Diktats’ risk terrorist response across Southern Europe

It is becoming dangerous to associate with economic and ideological power in Southern Europe, or what Europol calls the "Mediterranean triangle" of anarchist violence.

20 Dec 2009

Looking-glass Chancellor cannot admit to the cuts around the corner

Clever chap that Lewis Carroll. Fancy writing a book all those years ago that so perfectly captures the workings of our Chancellor's mind: Alistair's Adventures in Wonderland.

18 Dec 2009

National debt hits post-war peak

The national debt has burst through the 60pc of gross domestic product level as tax receipts slide.

18 Dec 2009

UK mortgage lending drops 10pc

Mortgage lending fell by 10pc during November as the market suffered its traditional seasonal slowdown, figures from the Council of Mortgage Lenders showed.

18 Dec 2009

UK car production rises for first time in over a year

Car production in the UK has risen for the first time in more than a year, boosting hopes that the UK will emerge from recession in the final quarter of 2009.

18 Dec 2009

UK borrowing hits record monthly high of £20bn

UK public borrowing hit an all-time high of £20.3bn for a single month in November, official figures showed.

18 Dec 2009

BoE's official: banks leaving UK 'may be a price worth paying'

Andrew Haldane, a senior official at the Bank of England, has said if some financial institutions left Britain to avoid tougher regulation then it may be "a price worth paying.”

18 Dec 2009

UK consumer confidence falls for second month

British consumer confidence fell in December for a second consecutive month, the first time since July 2008 that confidence fell two months in a row, a survey by GfK NOP for the European Commission showed on Friday.

18 Dec 2009

Bernanke faces rocky ride on road to second Fed term

Ben Bernanke's nomination for a second four-year term as chairman of the Federal Reserve looks less certain than it did after a rocky Senate committee hearing at which his reputation was called into question.

17 Dec 2009

Pound tumbles against dollar on better US news

The pound plunged almost three cents to a two-month low against the dollar as the US currency strengthened on the back of upbeat economic news.

17 Dec 2009

US pensions go bust, gold crashes, China flops, Bunds soar, predicts Saxo

America’s Social Security Trust Fund will go bankrupt; both gold and the Japanese yen will crash; and China’s currency will devalue as bad loans catch up with the over-stretched banking system -- all in the course of 2010.

17 Dec 2009

Retail sales fall as shoppers hold off for Christmas bargain

Shoppers holding off buying Christmas presents in the hope that stores will cut prices in the next few days have been warned that they are likely to be disappointed.

17 Dec 2009

Ireland technically out of recession

Ireland's battered economy emerged from recession in the third quarter of 2009 as it grew 0.3pc compared with the previous three months, official data showed on Thursday.

17 Dec 2009