Sunday, 13 February 2011

Economics

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

ECONOMICS NEWS

Inflation: how scared should we be?

The anxious wait for Tuesday's CPI figures.

13 Feb 2011

Who is Mohammad Yunus?

Mohammad Yunus was working as an academic in Nashville, Tennessee, when his country called him home and changed
his life.

12 Feb 2011

Plan to cure 'sick-note' UK

The Government has called in leading business figures to help it crack down on "sick-note Britain", which costs the economy an estimated £100bn a year.

12 Feb 2011

UK inflation expected to be double target rate

The upward pressure on UK inflation is intensifying, official figures will show on Tuesday, with one economist predicting that the Retail Prices Index will hit its highest level in close to two decades.

12 Feb 2011

Axel Weber explains exit from ECB race

Germany's departing central banker said he gave up on hopes of heading the European Central Bank (ECB) because his open opposition to its emergency efforts to prop up the euro left him too isolated to take the top job.

12 Feb 2011

UK rate rise is common sense – whatever the inflation-deniers say

'The simplest concept cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him,” wrote Leo Tolstoy, the great Russian polymath, in 1893.

12 Feb 2011

Factory prices fuel inflation fears

The pressure on the Bank of England to raise interest rates intensified as factories saw the prices they pay for materials undergo the biggest leap in more than two years.

12 Feb 2011

US plans to wind down Fannie Mae and Freddie Mac

The Obama administration is exploring plans to wind down state-backed mortgage specialists Fannie Mae and Freddie Mac.

11 Feb 2011

Inflation fears as factory price rises hit two-year high

Interest rates could still rise soon, economists said, as the biggest leap in the prices factories pay for their materials in more than two years underlined the inflation threat.

11 Feb 2011

Factory gate inflation: key points

British manufacturers' input costs rose at their fastest annual rate in more than two years in January. Here are the key points from the official data on Friday.

11 Feb 2011

Manufacturers struggle with rising costs: reaction

British manufacturers' input costs rose at their fastest annual rate in more than two years in January, led by sharp increases in the cost of oil and imported metals and materials, official data showed on Friday. Here is how economists reacted to the figures.

11 Feb 2011

£10bn-a-year public sector pensions by numbers

Britain's public sector pensions face a funding shortfall of £10.3bn in 2016. Here's how the figures break down:

11 Feb 2011

'Madoff-style' public pensions will spark crisis

Britain's civil servants must be weaned off their gold-plated final salary pensions to avert a "fiscal calamity", a new report into the looming pension crisis has warned.

11 Feb 2011

Spain orders drastic caja debt clean-up

Spain has imposed draconian rules on its saving banks and is preparing for part-nationalisation of the industry to boost its defences against contagion from the debt crisis in Portugal.

10 Feb 2011

America's inflation alarm is growing ever louder

The world's most powerful banker gave his first press conference this month. Well, sort of.

10 Feb 2011

IMF's Strauss-Kahn calls for new world currency

Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial instability.

10 Feb 2011

US unemployment benefits claims fall

The number of Americans filing for unemployment insurance claims fell to its lowest level since July 2008, showing further strength in the labour market after the jobless rate declined to a 21-month low.

10 Feb 2011

Economists predict Nov rate rise

Poll of 63 economists predicts rates will rise in November.

10 Feb 2011

Bootle: Rate rise for May

Roger Bootle: pressure grows on Governor Mervyn King to raise interest rates.

10 Feb 2011

Bank of England holds interest rates at 0.5pc

The Bank of England held interest rates at 0.5pc for another month, meaning the base rate will have been at its record low for two years despite mounting inflation.

10 Feb 2011

Government ministers copy bankers to boost UK trade

Britain's biggest companies are to be matched with individual ministers to "manage" trade and investment deals under a substantial refocusing of the UK's trade policies, the Government has said.

10 Feb 2011

Food prices fuel inflation fears

Food prices grew at their fastest pace in 19 months in January, according to the British Retail Consortium, stoking inflation fears ahead of today's interest rate decision.

10 Feb 2011

IMF 'groupthink' masked dangers of financial crisis

A culture of "groupthink" and a failure to "connect the dots" helped keep the International Monetary Fund from grasping the risks behind the global financial meltdown, according to a withering report by its internal watchdog.

10 Feb 2011

QE 'safeguarded 3m American jobs'

The Federal Reserve's quantitative easing (QE) programme may have safeguarded 3m jobs in the US, Ben Bernanke told Congress, as he also sought to dismiss concerns about the threat of inflation.

09 Feb 2011

Housing is in need of some shock therapy

"Lord make me chaste, but not yet". I've used this famous prayer by St Augustine many times before in commenting on the public policy response to the credit crunch, and make no excuse for citing it again.

09 Feb 2011