Sunday, 19 February 2012

Economics

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

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ECONOMICS NEWS

HSBC to snub Chancellor's £20bn loan plan to revive British economy

HSBC is considering walking away from George Osborne's plans to inject £20bn into the UK economy in what could prove to be a major blow to the Chancellor's hopes of reviving growth.

18 Feb 2012

| 49 Comments

Business calls on Osborne to make growth the top priority

With a little over a month to go before the 2012 Budget, George Osborne faces his biggest challenge yet as Chancellor. The threat of an imminent return to recession is very real, yet the public purse is empty.

18 Feb 2012

| 49 Comments

As Athens riots, global markets say 'so what?'

So what if it's totally unclear whether or not a second Greek bail-out will be agreed on Monday? So what if, after a week of particularly nasty rioting, parts of Athens now resemble a Mad Max film set?

18 Feb 2012

| 125 Comments

Debt crisis: as it happened Feb 17

Bank of England's Adam Posen warns that the UK economy isn't safe from the eurozone debt crisis, as Germany's finance minister seeks to reassure Europe ahead of key Greek bailout talks on Monday.

17 Feb 2012

| 616 Comments

Shares rally as traders bank on release of Greek bail-out

Global stockmarkets rose as traders banked on Greece's €130bn (£108bn) bail-out package being released despite the chaotic divisions among its paymasters.

17 Feb 2012

| 154 Comments

Italian police seize $6 trillion of fake US bonds

Italian police have seized $6 trillion of fake US bonds in Switzerland.

17 Feb 2012

| 60 Comments

Banque de France pulls last francs out of circulation

France can trace the history of its franc all the way back to King John II, but today it finally draws a line under 650 years of heritage.

17 Feb 2012

| 37 Comments

Fashion's £110m boost

Top stories: Markets, Anglo, London Fashion and next week.

17 Feb 2012

| 2 Comments

High street closures hit 14 a day in 2011

Britain's high streets lost 14 stores a day as retailers struggled with cash-strapped consumers and a surge in internet shopping.

17 Feb 2012

| 34 Comments

Debt crisis: Greece tries deeper cuts to meet European demands

The Greek government offered deeper cuts to public sector salaries and defence spending in a bid to axe €325m from its budget as the options to stave off bankruptcy narrowed.

16 Feb 2012

| 165 Comments

Debt crisis and Greek talks: as it happened February 16

Finance ministers will consider fresh measures to bring Greece's debt to GDP ratio down to their 120pc target after eurozone officials reveal the expected bail-out won't be enough.

16 Feb 2012

| 1067 Comments

Euro leaders must embrace democracy and allow Greece to decide its fate

If Greece staggers to the line again and Europe hands over cash to meet its debts falling due in March, nothing will have changed. The country will continue insolvent, relying on a euro credit drip for its survival.

16 Feb 2012

| 33 Comments

Just as Greece complies at last, Europe pulls the plug

Officials from the EU and the International Monetary Fund made two grave errors when they swooped into Greece in mid-2010 and dictated the now hated "Memorandum".

16 Feb 2012

| 665 Comments

Amid the chaos Greece faces a Herculean task

For ancient Greeks "chaos" was the empty void that existed before the creation of the world and civilisation.

16 Feb 2012

| 14 Comments

Germany's smear campaign against Greece

Wolfgang Schäuble is entering dangerous waters by trying to force Greece out of the euro, writes Ambrose Evans-Pritchard.

16 Feb 2012

| Comment

Dodging dividend cuts

Fidelity's Michael Clark: how to maintain income from dividends.

16 Feb 2012

| 1 Comment

Eurozone growth forecasts cut in ECB survey

Professional forecasters surveyed by the European Central Bank have slashed their eurozone growth forecasts for this year and next, the ECB said.

16 Feb 2012

| 2 Comments

Graff eyes $1bn HK IPO

Top stories: Moody's, BAE Systems, Ladbrokes and Graff Diamonds

16 Feb 2012

| 1 Comment

UK consumer confidence recovered in January

Consumer confidence rebounded last month in a sign that underlying economic conditions are not as weak as feared, mortgage provider Nationwide said.

16 Feb 2012

| 5 Comments

Moody's puts 114 banks on downgrade review

Moody's warned last night that it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the eurozone debt crisis is spreading throughout the global financial system.

16 Feb 2012

| 33 Comments

Bank of England raises hopes for UK prospects

Inflation is falling, growth improving, the squeeze on households easing, and the recovery gathering steam, the Bank of England has signalled in an upbeat assessment of the economy.

16 Feb 2012

| 18 Comments

Greece warns Germany is 'playing with fire' with eurozone moves

Greek finance minister Evangelos Venizelos accused European leaders of "playing with fire" by trying to oust the beleaguered country from the eurozone amid fears they want to delay releasing the €130bn bail-out until after elections.

16 Feb 2012

| 432 Comments

Debt crisis and Greek talks: as it happened February 15

Jean-Claude Juncker, head of the Euro Group, is confident a decision on a second Greek bail-out can be made on Monday, as the debt-stricken country's finance minister says a further €325m of cuts has been agreed.

15 Feb 2012

| 1041 Comments

Single currency's struggle takes its toll on Europe

The diverse nature of the 17 countries brought together in monetary union has never been so apparent.

15 Feb 2012

| 19 Comments

Britain out of the woods? Unwise to bet on that

There was no doubt about it. The mood has very definitely improved, with a growing sense of moving in the right direction and even the worst being behind us.

15 Feb 2012

| 85 Comments