Sunday, 18 September 2011

Economics

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

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MANUFACTURING WEEK

Astute gives Barrow a buzz

In pictures: building a new generation of nuclear submarines.

ECONOMICS NEWS

Obama to seek a new tax rate for wealthy

Obama expected to seek a new tax rate to ensure millionaires pay at least at the same percentage as less well off.

18 Sep 2011

Greek PM cancels trip amid Ecofin tensions

The Greek Prime Minister George Papandreou unexpectedly cancelled a planned trip to the US at the last minute, citing a “critical” week ahead for his country.

18 Sep 2011

UK economic outlook 'worrying', experts warn

The Chancellor is unlikely to meet his short-term targets for cutting the deficit because of the worrying outlook for the economy, economists have warned.

18 Sep 2011

Greek tax evasion: 'There is just such little incentive to be honest.'

With the medical profession at the forefront of the Greek financial crime squad's list of suspects, Alexis, a Greek doctor, keeps his books tight, which is not an easy feat.

18 Sep 2011

The world's shadow economies

Greece's shadow economy as a percentage of GDP is still thriving amid a deep recession. Here's how the rest of the world is predicted to compare in 2011, according to figures compiled for the Sunday Telegraph by the University of Linz.

18 Sep 2011

Greek black economy raises fears

In this world, nothing is certain apart from death and taxes – unless, that is, you live in Greece.

18 Sep 2011

Sandi Toksvig on coping with a crisis

When bankers panic, it’s every man for himself

18 Sep 2011

Week ahead: September 19 - September 23

The week ahead for economic, company and financial news.

17 Sep 2011

Norman Lamont: 'The EU needs rethinking'

After a torrid week for the eurozone, former Chancellor of the ExchequerNorman Lamont explains why facing reality has never been Europe’s strong point - and that its 'sticking plaster approach' won't work for much longer

17 Sep 2011

UK inflation figures make a mockery of the economic assumptions of old

News emerged last week that during August, UK inflation went up. Again. The consumer price index (CPI) index last month showed that prices were 4.5pc higher than the same month in 2010.

17 Sep 2011

Europe is facing the good, the bad and the ugly of 2008 once again

The massive loss of confidence in leading economies of recent weeks is making a bad situation catastrophic.

17 Sep 2011

China 'faces subprime credit bubble crisis'

Monetary tightening in China threatens to pop the £1.07 trillion credit bubble in local government finance and expose the country's simmering "subprime" crisis, according to the Communist Party's economic guru.

17 Sep 2011

Europe hits back after US debt jibe

The European Central Bank defended the eurozone's handling of its public finances Saturday, saying the bloc was better off than its global rivals, a day after the US lectured Europe on its debt record.

17 Sep 2011

Does being ugly make you poor?

What kind of world would deny people opportunities, money, even happiness, simply because of the way they look? The one we’re living in.

17 Sep 2011

Banks should face official action senior minister says

Bank of England and other central banks to start lending to European banks that are struggling to borrow.

17 Sep 2011

Clegg warns he could block plans to scrap 50p top tax rate

Deputy Prime Minister Nick Clegg has warned that he could block any move to abolish the 50p tax rate on earnings over £150,000.

17 Sep 2011

Financial crisis: spectre of credit crunch returns

Bank of England and other central banks to start lending to European banks that are struggling to borrow.

17 Sep 2011

Debt crisis: live

Global central banks in coordinated move to prop up eurozone banks with dollar funding, sending shares and euro surging, following arrest in London of UBS banker in connection with bank's $2bn rogue trading loss.

16 Sep 2011

Europe must deal with 'catastrophic' debt

European leaders failing to deal with risks posed by eurozone’s debt crisis, US Treasury Secretary warns.

16 Sep 2011

Europe ignores Tim Geithner's debt crisis warning

European leaders ignore a dressing down from US Treasury Secretary Tim Geithner over the 'catastrophic risk' of not taking decisive action to tackle the debt crisis by delaying a decision on the Greek bail-out.

16 Sep 2011

George Osborne defends austerity cuts

At the Telegraph's Festival of Business, the Chancellor says abandoning cuts would cause 'a collapse in confidence and a surge in interest rates', as he laid out plans to provide more support to businesses.

16 Sep 2011

Eurozone rejects Geithner's call to increase rescue fund

Eurozone finance ministers rejected a plea from Timothy Geithner, the US Treasury Secretary, to expand the European Financial Stability Fund (ESFS) to tackle the escalating debt crisis in the region.

16 Sep 2011

Brown fears crisis worse than Lehman

Gordon Brown has warned that Europe's fast-escalating crisis is now more dangerous than the Lehman Brothers disaster three years ago, threatening to tip the West into a 1930s-style slump.

16 Sep 2011

ETF alert after UBS

Top stories: Eurozone, UBS, ETF alert and QE 2

16 Sep 2011

Osborne urges eurozone to fast track fiscal integration

George Osborne, the chancellor, said Europe’s finance ministers gathering in Poland today must fast track plans for the further fiscal integration of the eurozone.

16 Sep 2011