Sunday, 24 April 2011

Economics

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

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ECONOMICS NEWS

Royal wedding to keep interest rates down

Prince William and Kate Middleton look set to dispense an unusual wedding favour to any loyal subjects sitting on tracker mortgages – a delay in the execution of an interest rate rise.

23 Apr 2011

Can George Osborne turn the UK economy around?

This week, Chancellor George Osborne faces a major test of his economic policy as GDP figures for the start of 2010 are announced. So, how is Britain faring?

23 Apr 2011

America appears to be sleepwalking towards disaster – does no one care?

So let me get this straight. The Standard and Poor's rating agency last week took the historic step of putting the US government's AAA credit rating on "negative watch".

23 Apr 2011

Obama faces new headache as US stumbles

The scale of the slowdown in US growth this year will be starkly underlined by new figures this week raising questions about whether the world's biggest economy can regain momentum.

23 Apr 2011

EU poised for Greece crisis talks

A delegation of leading European and international monetary officials are planning a crisis summit in Athens in May amid growing fears that Greece may default on its sovereign debt.

23 Apr 2011

China's trucker protest increases inflation fears

Chinese authorities have moved to halt a strike by Chinese truck drivers over soaring fuel costs, amid government concern that civil unrest about runaway inflation could spread.

23 Apr 2011

George Osborne given triple boost

George Osborne was given a triple boost yesterday with a series of official statistics indicating better times ahead.

22 Apr 2011

Pound climbs as retail sales surprise

Britain's economy offered some spring cheer as the Government undershot its yearly borrowing target and the high street enjoyed an unexpected rise in sales.

21 Apr 2011

Ben Bernanke's life gets tougher as America is sent to the debt doghouse

Forget Congress. It's the Fed that has the real headache now America's in the debt doghouse.

21 Apr 2011

Buddhist economics

West will be condemned by nature if it fails to change, says Sivaraksa.

21 Apr 2011

Shock rise in retail sales as borrowing falls

Retail sales rose unexpectedly in March helped by stronger food sales on the month, while public sector borrowing for the fiscal year ending in March came in below the government's target, official data has shown.

21 Apr 2011

Better to raise interest rates now and avoid the panic rush later

Although numerous loud voices of late have been insisting that an increase in interest rates would be a mistake, a rise remains inevitable.

21 Apr 2011

UK factories lose out to foreign rivals

British manufacturers are failing to compete against foreign rivals in the UK with potentially damaging repercussions for the recovery, Bank of England policy-makers have warned.

21 Apr 2011

Brussels shouldn’t be given a penny more

Telegraph View: The EU's attempt to dig deep into our pockets must be thwarted.

20 Apr 2011

Goldman's Ben Broadbent joins MPC

Goldman Sachs economist to join Bank of England's nine-strong rate-setting committe, replacing Andrew Sentance on May 31.

20 Apr 2011

Bank of England policymakers' caution cuts rate rise prospects

Economists scale back expectations for a rise in interest rates next month after a downbeat outlook from the MPC and a surprise fall in public predictions on where inflation is headed.

20 Apr 2011

Bank of England minutes: reaction

Members of the Bank of England's Monetary Policy Committee (MPC) voted the same way on the direction of interest rates this month, keeping a 6-to-3 split in favour of holding them at 0.5pc. However they also said there was a "significant risk" of inflation climbing above 5pc. Here is how economists interpreted the minutes of the MPC's April meeting:

20 Apr 2011

Greece forced to pay sky-high rates

Sky-high rates to borrow money for the next three months came amid reports that Athens had accepted that it has no alternative but to renege on the terms of its impossible debt burden.

20 Apr 2011

Rebuilding Japan: Self restraint threatens recovery

Post earthquake, luxury goods are out of fashion, and hurting the economy.

19 Apr 2011

US debt: the buck stops here

This week's warning is the wake-up call Obama needs – and the world needs him to act, says Martin Vander Weyer.

19 Apr 2011

Footsie steadies after US warning

The FTSE 100 clawed back some of the ground lost in yesterday's global stock market rout, the result of a warning to America to tackle its huge deficit and European debt fears.

19 Apr 2011

Markets steady after US debt warning

Shares in the UK and US clawed back some of the ground lost in yesterday's global stock market rout, the result of a warning to America to tackle its huge deficit and increased concerns over European debts.

19 Apr 2011

Sovereign debt fears put euro under pressure

The euro fell amid fears that a public backlash against "squanderer" member states could de-rail Brussels' radical plans to avert the mounting sovereign debt crises.

19 Apr 2011

Gold soars, markets tumble as US warned it could lose AAA crown

The debts that prompted Standard & Poor's to cut America's credit outlook, and how the US deficit compares with that of Britain and Germany.

19 Apr 2011

CBI: Fixing education system key to future investment

Fixing Britain's education system is "probably the most important" task the Government could set itself to encourage companies to invest here, according to the Confederation of British Industry.

19 Apr 2011