Sunday, 6 March 2011

Economics

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

ECONOMICS NEWS

How to fix the public sector pension system

Ahead of Lord Hutton's report, pensions expert Michael Johnson outlines the steps that the Government should take.

05 Mar 2011

China acts on inflation to curb social unrest

China will make tackling inflation its top priority this year, and take steps to narrow the gap between rich and poor, in order to prevent the sort of protests seen in the Middle East from happening at home.

05 Mar 2011

Osborne pledges to tackle 'forces of stagnation'

The Bank of England is expected to hold interest rates at the record low of 0.5pc this week, as concerns about the strength of economic recovery in the UK take precedence over the need to tackle inflation.

05 Mar 2011

King under fire after warning of risk of new financial crisis

The Governor of the Bank of England criticised by leading economists after warning that without banking reform Britain risks another financial crisis.

05 Mar 2011

China's five-year plan: key points

China will reveal its 12th Five-Year Economic Plan this week, a document that will set the course of the world’s second-largest economy for the next five years.

05 Mar 2011

China says tackling inflation is a priority

China's government said it planned to raise social spending, curb inflation and close a divisive rich-poor gap to dampen growing social unrest.

05 Mar 2011

George Osborne to create £100m 'enterprise zones'

The Government is to allocate £100m in the Budget to create a series of "enterprise zones" designed to become economic hotbeds that will lead Britain back to growth.

05 Mar 2011

Mervyn King in quotes: bank governor's choicest words

Mervyn King makes public statements only rarely - but when the governor of the Bank of England does speak he often causes a stir:

05 Mar 2011

Businesses must be encouraged, not stifled

Telegraph View: The tangle of spaghetti cooked up by Whitehall has grown at the rate of 30 new regulations every month since September.

04 Mar 2011

Exclusive interview: 'People have the right to be angry '

The Governor of the Bank of England tells Charles Moore why he shares the public’s disquiet over the need to bail out failing banks.

04 Mar 2011

Britain risk another financial crisis, King warns

Exclusive: In an interview with The Daily Telegraph, Mervyn King, the Governor of the Bank of England, says the finance system is in need of urgent reform and accuses high street banks of routinely exploiting their customers.

04 Mar 2011

US unemployment rate falls below 9pc

America's unemployment rate has dropped below 9pc for the first time in almost two years, strengthening hopes that the recovery may have the momentum to replace jobs lost to the recession.

04 Mar 2011

Google: Searching for the new economy

Far from stealing content, Google offers invaluable support for content creators, writes Matt Brittin.

04 Mar 2011

US unemployment falls: market reaction

US unemployment fell faster than expected, Labor Department figures out on Friday showed. Another 192,000 jobs were added, taking the rate of joblessness to its lowest for almost two years. This is what the economists had to say:

04 Mar 2011

US economy in graphs

Figures out today show unemployment in the US has fallen to its lowest level for almost two years, after 192,000 jobs were created in February. The private sector is leading the recovery, with manufacturing, construction and temp positions on the rise. Here is look at how the world's largest economy has fared during the recession:

04 Mar 2011

House prices slide at fastest rate in 16 months

Fall in UK house prices raises further concerns about the strength of the economic recovery.

04 Mar 2011

Britain's intellectual property is being stolen

Without high-level dialogue, countries like China will continue to copy our inventions, writes Sir James Dyson.

04 Mar 2011

Profile: economist with impressive CV

Before taking up his post as director of the London School of Economics, Sir Howard Davies held an impressive array of prominent roles.

04 Mar 2011

Services data could be rates 'game-changer'

The prospect of an imminent rise in interest rates appeared to diminish on Thursday after new data showed growth in the UK services sector slowed faster than expected in February.

04 Mar 2011

European Central Bank prepares rate rise as global tide turns

The European Central Bank has surprised markets by signalling a rate rise as soon as next month, brushing aside warnings that this may compound damage from the oil shock and push EMU debtor states deeper into crisis.

04 Mar 2011

ECB's 'strong vigilance' on inflation signals rate rise

The European Central Bank will exercise "strong vigilance" over rising inflation, President Jean-Claude Trichet said on Thursday, deploying a phrase that in the past signalled a rate rise was only a month away.

03 Mar 2011

UK services sector slows sharply

Britain's key services sector slowed sharply in February, raising fears that the economy could be too fragile for an interest rate rise.

03 Mar 2011

Retail chiefs warn of wave of shop closures

The bosses of some of the UK's biggest high-street chains have warned the Treasury urgent action is needed to prevent a double-dip recession and the possible closure of thousands of shops.

03 Mar 2011

Housing prices fall at fastest pace for a year

The fastest fall in UK house prices in more than a year in February was tempered by a surge in demand from potential buyers.

03 Mar 2011

Brazil central bank raises interest rate to 11.75pc

Brazil's central bank has raised its key interest rate a half a percentage point to 11.75pc as it turned the screw further on climbing inflation.

03 Mar 2011