Saturday, 12 November 2011

Economics

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

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ECONOMICS NEWS

Will the ECB and Mario Draghi save Europe?

The world is looking to new European Central Bank chief Mario Draghi for help in clearing Europe' s debt hurdle – but he is reluctant.

12 Nov 2011

| 1 Comment

Obama: Europe must stand behind eurozone

Barack Obama, the US President, tonight urged Europe to provide “strong” assurances that countries like Italy will be able to finance their debt.

12 Nov 2011

UK tax system to be simplified

The Treasury is to announce plans to bring together income tax and national insurance payments in one single "tax take" figure, to make it easier for businesses to administer tax and individuals to see how much they are paying.

12 Nov 2011

| 6 Comments

George Osborne has opened the door to tax cuts

In the rarefied world of tax collection, Tolley's Tax Guide has an almost biblical status.

12 Nov 2011

| 1 Comment

Bank to downgrade UK growth

The Bank of England is set to give a gloomy update on the state of the British economy, sharply downgrading growth forecasts and issuing a stark warning on the eurozone debt crisis.

12 Nov 2011

| 5 Comments

UK factory gate prices calm inflation fears

Fears that inflation could engulf the UK economy were eased on Friday after factory gate prices slowed due to "competitive pressures".

12 Nov 2011

| 60 Comments

Eurozone split 'would destroy single market’

The entire European single market could collapse if countries are forced to leave the euro, the head of the European Union has said.

11 Nov 2011

| 555 Comments

Debt crisis: as it happened November 11

EU warns euro-area and UK could go into recession next year, as Germany and France reportedly discuss shrinking the eurozone and Greece finally appoints Papdemos as new PM.

11 Nov 2011

| 8765 Comments

Markets rise but eurozone contagion fears spread to Spain

Political progress in Italy and Greece pushed stock markets higher but economists warned of stormy weeks ahead as attention turned to Spain amid fears it could be the next economy to come under the spotlight.

11 Nov 2011

| 235 Comments

Cameron: 'big question mark over future of the eurozone'

Prime Minister David Cameron has warned that the crisis in the eurozone raises doubts about the future of Europe's single currency and that his priority was shielding the UK economy from the fall-out.

11 Nov 2011

| 59 Comments

What are Italy's fresh austerity measures?

On Friday, the Italian government will vote on a fresh austerity package dsignd to get the country's ballooning debt under control. Here are the measures:

11 Nov 2011

| 18 Comments

Eurozone debt crisis: key dates to come

Here, we list the upcoming key events linked to the debt crisis in the eurozone.

11 Nov 2011

| 3 Comments

Dreamliner boost for Rolls

Top stories: Markets, Rolls-Royce, Hornby and the week ahead.

11 Nov 2011

| 4 Comments

Obama looks to capitalise on Asian growth

With Europe mired in crisis, President Barack Obama is launching a charm offensive this week to hitch the US economy to growth opportunities in Asia that he hopes can help power the recovery he needs for re-election.

11 Nov 2011

| 2 Comments

New Greek prime minister Lucas Papademos to be sworn in

Lucas Papademos, a former vice-president of the European Central Bank who will be sworn in as prime minister of a Greek unity government on Friday, faces the immediate task of securing funds by implementing budget cuts to avert an economic collapse.

11 Nov 2011

| 1 Comment

IMF chief meets Japan finance minister amid EU debt crisis

Christine Lagarde, the head of the International Monetary Fund, has arrived in Tokyo, where she will meet Japan's finance minister and the central bank chief for talks likely to be dominated by Europe's debt crisis.

11 Nov 2011

| Comment

Europe 'central challenge' to global growth, warns Geithner

US Treasury Secretary Timothy Geithner said Europe remains the 'central challenge' to global growth and must 'move quickly' to restore financial stability.

11 Nov 2011

| 8 Comments

Bailout fund chief calls on Italy to act now

The head of the eurozone crisis fund called on Italy to act swiftly to reassure markets about its financial and political stability, in an interview in several European newspapers on Friday.

11 Nov 2011

| 12 Comments

Gordon Brown: 'France will be the next to crumble'

France risks becoming the next victim of the sovereign-debt crisis “in the coming weeks”, Gordon Brown, the former prime minister, has warned.

11 Nov 2011

| 319 Comments

Eurozone collapse 'will send continent into depression’

The collapse of the eurozone would cause a crash that would instantly wipe out half of the value of Europe’s economy, plunging the continent into a depression as deep as the 1930s slump, the president of the European Commission has warned.

11 Nov 2011

| 82 Comments

Debt crisis: Spain in danger of missing deficit targets

Spain is likely to miss its deficit reduction targets, it has emerged, increasing speculation that it may also fall victim to the eurozone debt crisis unless drastic corrective measures are introduced.

11 Nov 2011

Debt crisis: as it happened - November 10, 2011

EU warns euro-area and UK could go into recession next year, as Germany and France reportedly discuss shrinking the eurozone and Greece finally appoints Papdemos as new PM.

11 Nov 2011

House prices 'to fall back to 2002 levels'

House prices are set to drop 11pc in "real" terms in the next five years, according to property broker Savills.

11 Nov 2011

| 128 Comments

QE2 may sink before its voyage begins

The Bank of England's decision to keep the official Bank Rate at 0.5pc and not increase its money printing programme merely delays the inevitable.

10 Nov 2011

Savage recession looms in Europe

The threat of savage recession was piled on to deliberating European leaders amid warnings that the "clock is ticking" for them to resolve the debt crisis.

10 Nov 2011

| 136 Comments