Sunday, 12 June 2011

Economics

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

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ECONOMICS NEWS

CBI president's vision for a competitive UK economy

After starting his role as the new CBI president, Sir Roger Carr talks of his vision for a competitive UK economy.

12 Jun 2011

Energy price rises are 'inevitable'

Households should be prepared for further rises in their power bills of the magnitude of Scottish Power's inflation-busting 19pc increase in gas prices and 10pc hike in electricity tariffs, Centrica chairman Sir Roger Carr has warned.

12 Jun 2011

'Plan A' - Is George Osborne on the right path?

In his first Mansion House speech last June, the Chancellor made much of the fact that the economic fall-out from the banking crisis increased the risk that investors will lose faith in a state's ability to fund itself.

12 Jun 2011

Chancellor George Osborne has to end the regulatory arms race

The most revealing thing about last week's Business Select Committee hearing was not who appeared before the inquisitive MPs, but who didn't.

11 Jun 2011

Champagne towers and bargain shops

Don't pay attention to April's industrial production figures. The 1.7pc fall was large but caused by Easter holidays and Will and Kate's wedding, while Japan's economic aftershocks continued.

11 Jun 2011

The cuts speech David Miliband would have made

David Miliband planned to make cutting the deficit and public spending a priority if he had won the Labour leadership, it has emerged.

11 Jun 2011

Ed Balls: fearsome consigliere with a toxic reputation

In an off-the-cuff remark that shows Ed Balls’s ability to irritate opponents and voters alike, David Cameron this year labelled the shadow chancellor as Labour’s most annoying politician.

11 Jun 2011

Germany and ECB disagree over Greece

The stand-off between Germany and the European Central Bank over the Greek debt crisis intensified yesterday causing further unrest in the debt markets.

11 Jun 2011

Being deserving of a knighthood doesn't justify accepting the honour

It would be an extremely miserable and rather small minded critic to begrudge the Governor of the Bank of England his knighthood.

11 Jun 2011

How Gordon Brown cast aside public spending warning

Gordon Brown pushed ahead with plans to pump billions of pounds of extra taxpayers’ money into the public sector despite being warned that it was being wasted, leaked documents disclose.

11 Jun 2011

Mervyn King: the wit and wisdom

Bank of England Governor Mervyn King has received a knighthood in today's Birthday Honours list. However the long-serving Governor and cricket fan has from time to time found himself on a sticky wicket because of his outspoken comments. Here are some examples:

11 Jun 2011

BoE Governor King knighted

The Governor of the Bank of England, Mervyn King, has been knighted in the Queen's Birthday Honours list.

11 Jun 2011

Profile of Mervyn King

Mervyn King, who becomes a Sir in today's honours list, has been Governor of the Bank of England since 2003. Here is a profile of the guardian of Britain's monetary policy:

11 Jun 2011

Labour were warned 10p tax plan would hurt

Millions of people were in line to lose out from Labour’s proposed tax plans despite public denials that this would be the case, leaked documents prepared for Ed Balls and Gordon Brown disclose.

10 Jun 2011

Labour spending: Gordon Brown and Ed Balls ignored warnings and wasted billions

Gordon Brown and Ed Balls ignored warnings over the profligacy of their spending plans and the damaging impact of key tax policies, leaked documents disclose.

10 Jun 2011

Lagarde has just one rival left in IMF race

Christine Lagarde, the French finance minister, faces just one challenger in her bid to lead the IMF, after two other leading candidates backed out of the race on the last day for nominations.

10 Jun 2011

Royal wedding hits factory output

Britain's factory output slumped in April as workers downed tools to enjoy the royal wedding and an extra day's holiday, while production was also hit by disruption from Japan's earthquake.

10 Jun 2011

Kazakhstan's Marchenko: the reluctant IMF candidate

Grigori Marchenko, who has pulled out of the race to run the IMF, was a reluctant contender who first he heard of his candidacy by text message on the day it was agreed at a meeting of the Commonwealth of Independent States, the group of former Soviet countries.

10 Jun 2011

German standoff over Greece pushes up borrowing costs

Germany said it will back a second bailout for Greece but only if private investors contribute, widening a rift with the European Central Bank and pushing up borrowing costs in ailing eurozone nations.

10 Jun 2011

South Africa's Manuel quits IMF race

Former South African finance minister Trevor Manuel ruled out standing to become the next head of the International Monetary Fund (IMF), as nominations closed this afternoon.

10 Jun 2011

UK inflation expectations dip despite price rises

Britons expect inflation over the coming years to be slightly lower than they did three months ago, but still well above the Bank of England's target, a quarterly survey by the central bank showed on Friday.

10 Jun 2011

UK factory output tumbles: reaction

British industrial output fell much more sharply than expected in April due to the Royal Wedding and disruptions from Japan's earthquake, the ONS said, while factory gate inflation eased in May as input costs fell at their fastest monthly pace in two years. This is how economists reacted to the news.

10 Jun 2011

Factory output drops on Royal Wedding, quake

British factory output fell at its sharpest monthly pace in two years in April due to the Royal Wedding and factory shutdowns after the Japan earthquake.

10 Jun 2011

Clinton's world ambitions

Business Bullet: the euro, Fuller's beer and Clinton's next job

10 Jun 2011

China exports slow as global demand weakens

China's export growth slowed in May as global demand weakened, while imports in the world's second-largest economy rose.

10 Jun 2011