Spain's debt crisis may force the country to tap the EU-IMF rescue fund over the next two to three months and set off a political storm, according a confidential report by the Bank of America Merrill Lynch. The last thing English football needs is intervention from the state, argues Jeff Randall. It has been hard to hear a bearish view of Ocado, the online grocer, outside the pages of one or two newspapers, including this one. Falling pensions, cuts and the banking crisis will impoverish many families, says Edmund Conway. William Hague is getting his priorities right, saysJeremy Warner. Online retailer won't make a penny of profit until 2014, says downbeat analysis from a bank advising Ocada. The Prince of Wales is to launch a new fund to safeguard the future of Britain's hard-pressed rural communities. While the G20 leaders may be debating cuts, what the world needs is increased demand and the surplus countries must deliver it. After years, decades even, of fiscal escapism, the Western world is now starting to face reality. The party is over, the clean-up is beginning and – my poor head! – what a debt hangover! Tempers are flaring on the fraught subject of City bonuses, following the announcement of tighter European Union rules. A measure of the current volatility in financial markets is the speed with which a trading floor catchphrase has caught on in the media – "risk on" describes those days when the glass seems half full and investors are looking on the bright side, while "risk off" is used on glass-half-empty days when the outlook seems gloomiest. Oscar Wilde knew how to prepare for a railway journey. "I never travel without my diary," the Irish wit once remarked. "One should always have something sensational to read in the train." f you share widespread fears that the euro cannot last in its present form, you might want to avoid notes with the prefixes F, G, M, S, T or Y. Much as been made of the Office of Fair Trading's report on the cash Isa market.Spain may need financial rescue, says Merrill
Sack the England coach. But don't play with our cash
Unlike its upmarket food, Ocado's float will need to be priced to go
Middle class families face a triple whammy
Britain's unique selling point is the English language
Ocado won't be in profit until 2014, says float adviser
Prince of Wales launches new fund to save the countryside
Austerity’s all very well, but someone must spend more to ensure recovery
Servicing our debt is tough now, but it's only going to get tougher
Here's a controversial thought: banks don't believe mega bonuses are a good thing
Still riding the risk-on, risk-off see-saw
Why Britain's railways are a secret weapon in shunting the deficit into history
Beware, some euros could soon be worth more than others
True reform of the Isa market is still a long way off
Sunday, 4 July 2010
Posts
