Sunday, 12 December 2010

Economics

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

MORE ECONOMICS NEWS

Market alarm as US fails to control biggest debt in history

US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.

11 Dec 2010

China's soaring inflation could hit UK shoppers

China's inflation surged to a two year high last month despite government control efforts, prompting fears that British consumers will soon face paying more for Chinese made products.

11 Dec 2010

'85pc of urban Chinese can't afford property'

China's property bubble has grown so huge that 85pc of Chinese living in cities can no longer afford to buy a home, according to an influential Chinese government think tank.

11 Dec 2010

ONS delays data for second time due to 'potential errors'

Inflation in factory gate prices eased off in November, according to the Office for National Statistics, which had to delay other data due to 'potential errors'.

11 Dec 2010

QE2 'poses considerable risks to economies'

Nobel Prize-winning economist Joseph Stiglitz says US banks will put Fed's money in emerging markets, which could cause currencies to appreciate and create asset bubbles.

10 Dec 2010

United front by Merkel, Sarkozy hits euro, push up bonds yields

The euro weakened and bond spreads widened as Germany and France again rejected calls to increase the European Union's rescue fund and a €83bn Spanish growth was met with scepticism.

10 Dec 2010

Factory gate prices keep climbing

Inflation in factory gate prices eased slightly in November, but still indicated that the rate faced by the wider economy is sticking well above target.

10 Dec 2010

Bank keeps rates at record low as trade gap widens

New figures showed the UK's trade gap with the rest of the world widened unexpectedly, denting hopes that a better balance of exports and imports will keep boosting growth.

10 Dec 2010

Was hosting the 2018 World Cup a golden goal England can do without?

Despite the billions of rand spent building stadiums and staging last summer's extravaganza, there was actually little economic benefit for South Africa, according to a recent report by KPMG.

10 Dec 2010

Pimco's El-Erian predicts higher US growth

Pimco boss Mohamed El-Erian upgraded his growth forecast for America on the same day 10-year yields hit a six-month high.

09 Dec 2010

Sterling 'strongest major currency in 2011'

Barclays has said that sterling will be the best-perfoming major currency in 2011, ending next year at $1.82 against the dollar and 78p versus the euro, as the UK gets its 'house in order'.

09 Dec 2010

Euro slides on Ireland downgrade, stocks rise as US bond sell-off eases

World stocks ratcheted higher on Thursday, as US Treasuries steadied following their recent sharp sell off but euro weakens on Ireland downgrade.

09 Dec 2010

UK trade gap widens

The Bank of England kept rates at a record low, as new figures showed that the UK's trade gap with the rest of the world widened unexpectedly in October.

09 Dec 2010

UK house prices suffer first annual fall in a year - Halifax

British house prices posted their first annual decline in a year in the three months to November, a further sign the housing market is cooling after a rebound earlier this year.

09 Dec 2010

Shop price inflation falls for first time in five months

Inflation on goods sold in shops fell for the first time in five months in November despite recent commodity price rises.

09 Dec 2010

Osborne has billions in war chest to cut debt

The Government is sitting on a war chest worth billions of pounds that could be used to help reduce the national debt or finance new spending plans, the Chancellor admits.

09 Dec 2010

Ten ways to invest in gold

Demand for gold is soaring - some say the price could reach $2,000.

08 Dec 2010

Global bond rout deepens on US fiscal worries

Agreement in Washington on a fresh fiscal package has set off dramatic rise in yields of US Treasuries and bonds across the world, threatening to short-circuit any benefits of stimulus.

08 Dec 2010

UK must take a leaf out of Barack Obama's book

President Barack Obama seems at last to be joining the real world.

08 Dec 2010

Inflation: CPI v RPI

Consumer price indices measure the change in the general level of prices charged for a 'shopping basket' of goods and services that UK households typically spend their money on. This ranges from bread to the cost of a cinema seat or a holiday in Spain.

08 Dec 2010

Business needs to win the popularity contest

Protests against tax-dodging may be misguided, but they have caught the public mood, says Tracy Corrigan.

08 Dec 2010

Ireland's austerity budget: what economists are saying

The Irish government urged parliament on Tuesday to approve a tough 2011 austerity budget which foresees €6bn in savings to allow the nation to receive emergency loans from the EU and IMF. So what next:

08 Dec 2010

Ireland's austerity protests: in pictures

Protestors turned out in force in Ireland on Tuesday as the government voted on the country's toughest ever budget including €6bn in cuts and tax rises.

08 Dec 2010

Iceland offers risky temptation for Ireland as recession ends

Iceland has finally emerged from deep recession after allowing its currency to plunge and washing its hands of private bank debt, prompting an intense the debate over whether Ireland might suffer less damage if adopted the same strategy.

08 Dec 2010

Ireland's austerity budget: key points

Ireland's finance minister Brian Lenihan unveiled a record austerity budget on Tuesday, in a bid to secure the IMF and EU's agreed €67.5bn bail-out.

08 Dec 2010