Sunday, 15 January 2012

Economics

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

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ECONOMICS NEWS

John Lewis and a new vision for capitalism

It is time for companies to become something other than just vehicles for making money.

15 Jan 2012

| 4 Comments

Troubled eurozone ‘paralysed’ UK growth

The British economy has been “paralysed” by political uncertainty in the eurozone and is probably already in recession, a respected group of economists has warned.

15 Jan 2012

| 1 Comment

George Osborne: UK to be ‘home of Asian investment’

The Chancellor is to meet the head of China’s sovereign wealth fund to promote investment in British infrastructure projects, prompting speculation that a major deal is imminent.

15 Jan 2012

| 5 Comments

Greece gets closer to brink of bankruptcy

Fears are mounting that Greece could be the first European country to default on its debt in 60 years, as the country gears up to salvage collapsed talks over bond repayments on Wednesday.

14 Jan 2012

| 149 Comments

UK faces Volcker rule clash

The Treasury has raised concerns with American regulators over the controversial Volcker rule banning proprietary trading for banks after warnings it could lead to a government funding drought.

14 Jan 2012

| 43 Comments

Angela Merkel: Europe must move quickly after downgrades

Ratings downgrades in the eurozone by Standard & Poor's underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said today.

14 Jan 2012

| 35 Comments

S&P cuts ratings of nine eurozone coutries: reaction

Standard & Poor's has cut the credit ratings of nine nations using the euro, including France, which loses its top AAA rating. Here is some reaction from the finance sector.

14 Jan 2012

| 41 Comments

Ireland at the end of the road

As Ireland's runaway boom years have given way to one of the steepest slumps of a developed country since the Second World War, the lives of middle-class professionals have been devastated by the crash

14 Jan 2012

| 49 Comments

Income tax payments hit record high of £153bn

Income tax receipts hit an all-time high of more than £153bn last year, with VAT and most drink and tobacco duties also reaching new peaks, according to HM Revenue & Customs (HMRC).

14 Jan 2012

| 254 Comments

S&P downgrade and debt crisis: as it happened

European bond yields rise after fears S&P will 'imminently' downgrade several eurozone countries and Greek debt write-off won't be voluntary.

13 Jan 2012

| 1509 Comments

Westminster council chief behind parking row quits

The Westminster City Council leader who provoked uproar with plans to introduce evening and weekend parking charges in London's West End is to quit.

13 Jan 2012

| 92 Comments

Fall in factory prices raise prospect of more QE

Prices at Britain's factory gates have fallen for the first time in 18 months, increasing expectations that the Bank of England will pump more money into the economy next month.

13 Jan 2012

| 38 Comments

Factory gate prices fall: economists react

The first fall in prices at Britain's factory gates for 18 months increases the chances that the Bank of England will soon pump more money into the economy, say economists.

13 Jan 2012

| 3 Comments

Baker's busy Christmas

Top stories: Markets, Ted Baker, Invensys and the week ahead.

13 Jan 2012

| Comment

UK economy on edge of contraction, warns BDO

The UK economy stands on the edge of contraction, with businesses’ turnover expectations falling for the fourth month in December, according to the BDP Business Trends report.

13 Jan 2012

| 9 Comments

Expect EU bank bailouts

Miton's Martin Gray predicts Part Two of financial crisis this year.

13 Jan 2012

| 73 Comments

British economy barely grew in fourth quarter

The British economy just about scraped growth in the fourth quarter of 2011 according to the National Institute of Economic and Social Research (NIESR), but weaker data elsewhere darkened the economic outlook.

12 Jan 2012

| 28 Comments

Debt crisis: as it happened January 12

Think tank warns that UK economy barely grew in the final quarter of 2011, as ECB President says giving lenders access to cheap, three-year loans had eased "major funding constraints" among European banks.

12 Jan 2012

| 439 Comments

US retail sales fall flat in December

US shoppers shied away from department store sales and cut back on gadget spending during the key Christmas period, as retailers posted their smallest monthly sales rise since the height of the recession in 2008.

12 Jan 2012

| 9 Comments

Savers lose out on £44.5bn

Britain's savers are losing out on £44.5bn because of the gap between inflation and Bank Rate.

12 Jan 2012

| 22 Comments

ECB's cheap loans have stopped 'serious' credit contraction

The European Central Bank's flood of cheap three-year money is helping the eurozone's banking system substantially and supporting confidence in the bloc's economy, which is showing some signs of stabilisation, president Mario Draghi has said.

12 Jan 2012

| 9 Comments

British industry contraction fuels recession fears

Britain's industrial sector shrank more sharply than expected in November, raising the prospect of another recession.

12 Jan 2012

| Comment

Iran tensions raise oil price

Top stories: Bank rate, RBS cuts, Tesco's tumble and crude.

12 Jan 2012

| 3 Comments

Chinese inflation slowing at quicker pace

Chinese inflation has risen at its slowest pace in more than a year, giving the government leeway to further ease credit restrictions to encourage economic growth.

12 Jan 2012

| 9 Comments

US economy picking up, says Fed survey

The US economy improved in the final six weeks of last year, according to the latest survey from the Federal Reserve.

11 Jan 2012

| 1 Comment