Sunday 8 January 2012

Economics

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

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ECONOMICS NEWS

Cameron's EU veto puts MEP's job in jeopardy

One of Britain's most high-profile European politicians could be ousted from her job in a wave of anti-British sentiment that has followed David Cameron's use of his veto last month.

07 Jan 2012

| 32 Comments

'Printed money' and regulatory diktat are keeping UK gilt yields low

The UK Government claims Britain is a safe haven. On the surface, that looks true.

07 Jan 2012

| 98 Comments

Week ahead: January 9-13

Trading updates from HMV and Marks & Spencer will reveal how two of the biggest high street names fared over the key Christmas period.

07 Jan 2012

| Comment

US sees economic cup as half empty

Recent signs of growth in the US economy are no guarantee of a robust recovery.

07 Jan 2012

| 3 Comments

How should we fund the UK's growth agenda?

January's economic forecasts for the year ahead may not make festive new year reading, but they do represent a call to action for businesses and government, working together, to help contribute towards a new growth agenda for the UK.

07 Jan 2012

| 2 Comments

Unilever workers to stage series of strikes

Thousands of workers at Unilever, the consumer goods giant, are to stage a series of strikes in a huge escalation of a row over pensions.

07 Jan 2012

End of euro is 'fantasy', says policymaker

Luc Coene, a Governing Council member at the ECB, said that even if Greece was to leave the euro, Europe would unite to protect the system.

07 Jan 2012

| 439 Comments

Eurozone recession fears grow and single currency slides

The euro came under renewed pressure on Friday, falling to an 11-year low against the yen as a fresh round of downbeat data intensified fears the troubled region is heading for recession.

06 Jan 2012

| 413 Comments

Debt crisis: as it happened - January 6, 2011

Asian markets fall as eurozone woes continue to weigh on markets, while Italy's prime minister Mario Monti prepares to meet French president Nicolas Sarkozy in Paris later today.

06 Jan 2012

| 1540 Comments

Iran oil: Geithner heads for talks in Beijing and Tokyo

Top stories: Euro view, Robert Walters, Blacks and the week ahead.

06 Jan 2012

| 5 Comments

Lloyds, RBS face £33bn of new credit losses

Lloyds Banking Group and Royal Bank of Scotland, Britain’s taxpayer-backed banks, face a further three years of write downs as the struggling UK economy continues to hit them with new losses, says Barclays Capital.

06 Jan 2012

| 116 Comments

Cameron: 'Industry is returning to Britain'

Britain is undergoing re-industrialisation, the Prime Minister insisted this morning, despite data showing the economy shrank for the third month in a row.

06 Jan 2012

Cameron warns EU over tampering with single market

David Cameron has warned he will not accept attempts to tamper with the European single market by any group other than the full 27 members of the European Union.

06 Jan 2012

| 71 Comments

House prices fell 1.3pc in 2011, says Halifax

The average house price in Britain fell by 1.3pc in 2011 after a monthly decline of 0.9pc between November and December, lender Halifax said on Friday.

06 Jan 2012

| 19 Comments

Debt crisis: as it happened - January 5, 2012

Italian borrowing costs back at 'unsustainable' 7pc level on fears over eurozone government debt as France prepares €8bn bond sale and the escalating financial crisis in Hungary weighs on sentiment.

05 Jan 2012

| 585 Comments

Britain must now think through European trade options

Tensions have already risen on both sides of the Channel following David Cameron's recent rejection of any new treaty which did not give the UK reasonable safeguards against damaging new single market and financial services regulation.

05 Jan 2012

| 116 Comments

Tough race to turn Olympics energy into economic growth

Economists are split about the impact of this year's Olympic Games in London on growth in the UK economy.

05 Jan 2012

| 6 Comments

Oil prices still have the capacity to shock

Could it be that 2012 won't turn out to be such a disastrous year after all?

05 Jan 2012

| 26 Comments

David Cameron says tax cuts will restore business confidence

David Cameron used his first outing of 2012 to tell small business owners that tax cuts and low interest rates rather than government spending will be key to restoring confidence in the economy.

05 Jan 2012

| 85 Comments

Credit crunch fears at highest level since 2007

Britain's banks are more worried now about a credit crunch than at any time since the first one brought down Northern Rock in late 2007, a survey by the Bank of England has found.

05 Jan 2012

| 1 Comment

Surprise jump in UK service sector in December

A surprisingly strong performance from the UK's dominant services sector in December dampened fears the economy is already back in recession.

05 Jan 2012

| 64 Comments

Eurozone bank shares battered for a second day

Eurozone bank shares suffered a second day of falls on Thursday, as fears over their ability to raise capital spooked markets.

05 Jan 2012

| 9 Comments

Tullet takes £10m hit

Top stories: Tullet Prebon, Swiss National Bank, Costain and Clintons.

05 Jan 2012

| 1 Comment

Demand halves at crucial French bond auction

French borrowing costs rose on Thursday, as a €8bn bond auction of long-term debt saw demand near halve amid continued fears that the country could be stripped of its AAA credit rating.

05 Jan 2012

| 23 Comments

Banks warn on lending as euro crisis raises costs

Britain's banks have warned that higher funding costs due to the eurozone debt crisis may hit lending in the first three months of 2012, a Bank of England survey showed on Thursday.

05 Jan 2012

| 1 Comment