Sunday, 22 May 2011

Economics

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

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ECONOMICS NEWS

David Cameron seeks UK philanthropists in the mould of Gates and Buffett

The Government is to call on the private sector to be more generous in the amounts that it gives to charity and become a central part of the "Big Society" project.

22 May 2011

Chancellor backs Lagarde for IMF

George Osborne is to back Christine Lagarde to be the new head of the International Monetary Fund despite fears of a backlash from emerging nations which do not want another European as the head of the fund.

21 May 2011

Strauss-Kahn failed to get eurozone to face up to its predicament

Appointing the next IMF boss from Western Europe would be a mistake of historic proportions – not least given the extent to which the centre of economic gravity has now shifted to the emerging markets of the east.

21 May 2011

Why Lagarde is the favourite to replace Strauss-Kahn at IMF

Christine Lagarde seems a shoo-in for Dominique Strauss-Kahn's job, despite a growing clamour for the IMF chief to be a non-European.

21 May 2011

The IMF cannot afford to make a mistake with Strauss-Kahn's successor

The IMF will soon be confronted with the difficult decision of choosing a new head. If these were ordinary times, it might be of little moment. But these are not ordinary times, says Joseph Stiglitz.

21 May 2011

Cable: public don't understand the scale of the crisis

Politicians have failed to prepare the public for the scale of the impending squeeze on living standards, Business Secretary Vince Cable has warned.

21 May 2011

BoE chief economist warns families face tough times

Spencer Dale warns households of significant financial pressures “for some time”, bringing further pain for families who should plan for a gradual rise in interest rates over the next two years.

21 May 2011

Greece suffers fresh blow as credit rating cut

Greece has had its creditworthiness slashed by Fitch, one of the world's top three ratings agencies, in another blow to efforts to get the country's finances back on track.

20 May 2011

Christine Lagarde frontrunner to head IMF

Europe is poised to install France's finance minister at the helm of the International Monetary Fund, infuriating the world's emerging nations.

20 May 2011

Fitch downgrades Greece over heel dragging on reforms

Ratings agency Fitch downgraded Greece's debt by three notches on Friday, sending the country deeper into junk territory as borrowing rates spiked to new highs.

20 May 2011

Huge protests in Madrid

Thousands of protesters occupy Puerta del Sol square in Madrid.

20 May 2011

The men at the helm of the Prudential Regulation Authority

The Prudential Regulation Authority, the UK's new banking regulator, will be far more active than its predecessor in overseeing the running of the country's largest financial institutions to prevent another crisis. Here, we look at the HEctor Sants and Andrew Bailey, the men who will run the new regulator.

20 May 2011

Dominique Strauss-Kahn: former IMF chief granted $1m bail

Mr Strauss-Kahn agrees to live under house arrest with his wife at a New York flat, where he will be watched around the clock by an armed guard.

20 May 2011

Tradition is a powerful thing at the IMF

Following Dominique Strauss-Kahn's resignation from the International Monetary Fund, division have emerged across the world as to who should take his place.

19 May 2011

ECB threatens to pull plug on Greek lending

The European Central Bank has threatened to stop lending to banks using Greek government bonds as collateral if Athens changes the terms of the debt, a move which could bring down the country's banking system.

19 May 2011