Sunday, 3 July 2011

Economics

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

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ECONOMICS NEWS

Greek debt 'a threat to Irish recovery'

Ireland's nascent economic recovery could be threatened by the failure to find a long-term solution to Greece's debt crisis, says the man tasked with for attracting foreign companies to the country.

03 Jul 2011

BCC issues fresh plea on UK interest rates

Interest rates must stay at their record low until at least October to protect Britain's fragile recovery, business leaders warned ahead of the monthly rate-setting meeting at the Bank of England.

03 Jul 2011

Is the UK following Japan into a 'lost decade'?

At Nissan's headquarters in Yokohama, just south of Tokyo, the air conditioning is set permanently on 26 degrees. It's hot and sticky outside and it would be nice to have things a little bit cooler. Regrettably, it's not an option.

02 Jul 2011

Real danger of 'gold-plated' pensions finally hits home

Hundreds of thousands of public sector workers staged a one-day strike on Thursday, protesting against proposed changes to their pensions.

02 Jul 2011

One-nil to the Coalition - but the battle over public sector pensions has only just begun

Ministers should put the champagne on ice, says Matthew d'Ancona - for in reaching a deal over pension reforms, they face an extraordinarily delicate balancing act

02 Jul 2011

Greece aid injection approved

The threat of an imminent default was lifted from Greece as eurozone politicians signed off the release of a €12bn (£11bn) injection to the crisis-hit nation.

02 Jul 2011

UK factory data sparks fresh fears for recovery

Britain's recovery has been dealt another damaging blow by the weakest manufacturing activity data in 21 months.

02 Jul 2011

CBI fears bank ring-fencing proposals will hit economy

Britain's biggest business lobby has warned that proposals to ring-fence the retail banking operations of UK-based banks could harm the economy.

02 Jul 2011

Goldman sees US consumer revival

Goldman Sachs economists have argued that the US consumer will bounce back strongly over the next six months.

01 Jul 2011

US economy: in graphs

Goldman Sachs economists argue the US consumer will bounce back strongly over the next six months.

01 Jul 2011

Recovery is under way, it’s just going to be a long, hard slog

There has been a tonal shift in the language of recovery. A year ago the Chancellor spoke of his “cautious optimism” for the UK economy. A fortnight ago, his talk had shifted to “substantial headwinds” on the “hard” road back to sustainable growth.

01 Jul 2011

UK manufacturing growth slowest for two years

British manufacturing activity slowed to a 21-month low in June, according to the leading monthly survey, raising worries about the prospects for the recovery's success story.

01 Jul 2011

UK manufacturing growth slows: analyst reaction

Britain's manufacturing sector expanded at its slowest pace in almost two years last month, a survey showed on Friday, as factories reduced hiring and new orders fell, raising concerns about the health of the broader economic recovery. Here is what some top analysts said about the figures.

01 Jul 2011

Obama's jobs fear

Interactive Business Bullet: China, US jobs, Europe, UK rates

01 Jul 2011

Chinese manufacturing grows at slowest pace in more than two years

China's factory sector grew at its slowest pace in 28 months in June as new orders expanded less quickly, with weaker global demand and tight monetary policy at home pinching production.

01 Jul 2011

Overseas profits could be exempt from UK tax

Overseas profits made by UK companies could be exempt from tax under new proposals being developed to prevent businesses re-domiciling their headquarters overseas.

01 Jul 2011

Mortgage defaults to rise, Bank of England survey shows

Mortgage lenders expect the number of people defaulting on their loans to climb over the next three months, according to a Bank of England survey.

01 Jul 2011

Markets' hunt for returns risks stability

Markets' hunt for higher returns in an environment of low interest rates poses a risk to financial stability, warned Paul Fisher, the Bank of England policymaker.

01 Jul 2011

Geithner said to be considering quitting

The US Treasury Secretary is reported to be considering leaving the administration later this year.

01 Jul 2011

The IMF has turned into Obama's poodle

With disaster in the eurozone once more postponed, if not vanquished, markets are again turning to the US in their never-ending search for trouble.

30 Jun 2011