Sunday, 30 January 2011

Economics


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

ECONOMICS NEWS

UK economy's shock GDP fall reignites double-dip fears

Almost a year to the day since Britain pulled out of the longest and deepest recession since the Second World War, the Office for National Statistics revealed the economy had swung back into contraction.

MORE ECONOMICS NEWS

Young and unemployed: scarred for life

There are almost a million under-24s in Britain with no work. Andrew Gilligan sees how jobless blackspots are coping.

30 Jan 2011

Mervyn King: The other King's speech

The Governor of the Bank of England's grim prognosis for UK PLC's recovery capped a dismal economic week.

30 Jan 2011

Spectre of inflation not to be taken lightly

If you’re worried about inflation you are in good company. From Beijing to Berlin and the Bank of England, rising prices are top of everyone’s list.

29 Jan 2011

Cut or spend – you can't have it both ways

Where is the cabinet minister who will say that private prosperity is liberating, asks Janet Daley.

29 Jan 2011

France: euro has turned corner

The beleaguered eurozone has put the worst of its debt crisis behind it, France's finance minister told global elites at Davos Saturday, as Germany vowed to defend the stability of the euro.

29 Jan 2011

George Osborne says 'siren' calls to ease cuts would stifle growth

George Osborne has rejected suggestions that the Government’s programme of cuts is stifling the economy, insisting that there can be no growth without deficit reduction.

29 Jan 2011

Merkel: Austerity preferable to euro break-up

Preserving Europe’s single currency is vital for peace on the continent, German Chancellor Angela Merkel has claimed, and said pay cuts, pension reforms and austerity drives are preferable to an EMU break-up.

28 Jan 2011

David Cameron rules out further euro bailouts

British taxpayers will not come to the rescue of any more economies following the £7bn Irish bailout, Cameron promises.

28 Jan 2011

Orange juice will soon be 'luxury'

Orange and apple juice, an integral part of many people's breakfast, could become an unaffordable "luxury", according to a report, which highlights how the price of fruit juice has rocketed.

28 Jan 2011

Consumers drive rise in US GDP

The US economy gathered speed in the fourth quarter, though a touch below expectations, with the biggest gain in consumer spending in more than four years and strong exports.

28 Jan 2011

Cameron: banks to be a smaller part of UK economy

Banking will in future play a less influential role in Britain’s economy, David Cameron has said, as he sketched out plans to rebuild the country.

28 Jan 2011

Davos World Economic Forum 2011: Live

Day Three of the Davos World Economic Forum:

• David Cameron says Britain must "stick to the course" of cuts

Tim Geithner says drastic spending cuts in US "not responsible"

• Osborne pledges to tackle the "forces of stagnation"

28 Jan 2011

Cameron to warn of challenge to cut massive UK debts

David Cameron will warn today of the acute challenges Britain faces to pay off its massive sovereign debts and wean the economy off reliance on government spending.

28 Jan 2011

China's progress is to be lauded, not feared

The emerging superpower is not the threat many of us perceive it to be, saysJeremy Warner.

28 Jan 2011

Consumer confidence suffers worst collapse

Britons' confidence in the economy and their finances suffers its biggest drop in close to 20 years, raising fears that the Government's austerity onslaught will set off a self-feeding downward spiral.

28 Jan 2011

LinkedIn takes the plunge with IPO

LinkedIn, the social networking site designed to keep professionals in touch with one another, has announced its plans to float.

28 Jan 2011

Davos WEF 2011: day two as it happened

Day two: a cracker goes off, Sarkozy has a Robin Hood moment, Rosneft does a deal.

27 Jan 2011

Tell us how you'll cut tax, Boris Johnson urges Chancellor

Exclusive: Forthcoming Budget should set out George Osborne's plan to lower personal taxation, London Mayor says.

27 Jan 2011

America risks squandering its breathing space on the deficit

America has the luxury of some breathing space on its deficit but cannot afford to squander it.

27 Jan 2011

Japan downgrade a warning shot for US, EU

Standard & Poor's has downgraded Japan for the first time in nine years, citing lack of a "coherent strategy" to control its monster deficits or grasp the nettle to reform.

27 Jan 2011

Davos WEF 2011 day one: as it happened

Day one of the Davos World Economic Forum saw George Soros issue a stern warning about the UK economy.

27 Jan 2011

Nouriel Roubini: G20 has become G-Zero

Stewardship of the global economy is in disarray due to a vacuum of leadership, senior economists have warned.

27 Jan 2011

House price fall for seventh month in a row

House prices have fallen for the seventh month in a row as both buyers and sellers stayed away from the market.

27 Jan 2011

Federal Reserve concerned over US job creation

The Federal Reserve kept US interest rates at a record low on Wednesday, as the central bank again voiced its concern that the recovery is not creating enough jobs.

26 Jan 2011

Why George Soros is talking nonsense

In fact, deficit reduction is a vital building block for sustained economic growth.

26 Jan 2011