Economics
The latest news, analysis and comment on the UK and global economy.
MANUFACTURING WEEK
ECONOMICS NEWS
German court to insist on bail-out reforms
The German Constitutional Court is set to demand that the German government does more to ensure "democratic legitimacy" for its support for European wide bail-outs in its long-awaited judgment on the legality of the multi-million bail-out of debtor nations.
03 Sep 2011
Christine Lagarde highlights again why she's the wrong person to lead the IMF
Last week, I almost raised a glass to Christine Lagarde. Just for a moment, I thought the Managing Director of the International Monetary Fund had said something sensible and brave.
03 Sep 2011
New "danger zone" for global economy
Fears for the global economy increased yesterday after Robert Zoellick, head of the World Bank, warned that we were entering a “new danger zone” as confidence plunged, global growth slowed and nations were crippled with debt.
03 Sep 2011
Markets plunge as US fails to create new jobs
America failed to create any jobs last month, deepening fears the world's biggest economy is on the brink of a second recession.
02 Sep 2011
IMF talks with Greece stall over deficit schedule
Greece has been dealt a blow in its attempts to secure a second bail-out after talks with its international lenders were suspended over concerns that Athens has fallen behind on its deficit-reduction programme.
02 Sep 2011
UK construction hit by 'double whammy' of bad news
Britain's troubled construction industry has been hit by a "double whammy" of bad news after two reports pointed to a slowing of activity and employment.
02 Sep 2011
US fails to create any jobs: reaction
US employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish US businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
02 Sep 2011
City Desk Morning Briefing - Friday
All the latest and must-have information around the key business and economic issues of the day.
02 Sep 2011
Overlooked mid-size company gems shine as sources of growth for the UK
While Germany’s Mittelstand of mid-sized family-owned businesses is renowned for its ability to dominate niche industries worldwide, the British equivalent is largely overlooked.
02 Sep 2011
Investment slowdown is a reflection of industry shrinkage, says EEF
Capital spending in the many-tiered ranks of the manufacturing industry has fallen in 10 of the past 11 years. Companies have been more selective in their approach to investment against a sluggish economic background but the performance hardly rates as a healthy indicator.
02 Sep 2011
Banks 'expect taxpayer to pay for their failure'
A key Bank of England policymaker has contradicted the public statements of senior bankers by revealing that some privately expect the taxpayer to pick up the tab in the event of another financial crisis.
02 Sep 2011
EU law "gutted" by bail-outs, says Bundesbank
Germany's Bundesbank has issued a thundering denunciation of Europe's rescue policies and actions by the European Central Bank, alleging that EU treaty law has been "completely gutted".
02 Sep 2011
UK manufacturing in 'reverse gear'
British manufacturing has gone into "reverse gear" as factory activity stalls around the world amid deepening economic gloom, a string of leading surveys confirmed.
01 Sep 2011
US data offers rare recession respite
Economic data released in the US offered some comfort that the slowdown may not turn into a recession, with manufacturing unexpectedly growing in August, retailers prospering, and jobless claims lower than feared.
01 Sep 2011
Debt crisis: as it happened - September 1, 2011
Rolling coverage of the rollercoaster in financial markets.
01 Sep 2011
Walmsley furniture chain is latest retailer to collapse
The fragile state of the high street has been underlined by the collapse of Walmsley's furniture chain, the latest in a long line of homeware retailers to enter administration.
01 Sep 2011
Don’t blame Mervyn King for this toxic blend
The governor of the Bank of England did his best under Gordon Brown's government, maintains Martin Vander Weyer.
01 Sep 2011
Central bank flight to Fed tops Lehman crisis
A key warning signal of global financial stress has shot above the extreme levels seen at the height of the Lehman crisis in 2008.
01 Sep 2011
House prices fall at steepest rate in 10 months
British house prices suffered an unexpected fall last month, dropping at their fastest pace since October last year, data from mortgage lender Nationwide showed on Thursday.
01 Sep 2011
Greece budget watchdog warns 'debt is out of control'
The Greek finance ministry went on the defensive after a new budget watchdog released an internal report warning that debt was "out of control".
01 Sep 2011
'Never worked' households at record high
The number of UK households in which no one has ever worked has hit its highest level ever.
01 Sep 2011
Workless households number falls
The number of households in the UK where no one is working has fallen slightly to just under four million, official figures showed today.
01 Sep 2011
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