Sunday, 18 March 2012

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

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ECONOMICS NEWS

Budget 2012: A classic tale of spending, tax and reform

It is a curious belief some people have that twiddling with a few tax rates and expenditures in Wednesday’s Budget is going to transform matters.

18 Mar 2012

| 6 Comments

Green shoots after the rain

Early economic indicators suggest deficit reduction plan may be working.

18 Mar 2012

| 12 Comments

Budget 2012: the role of banks

Sunday Telegraph columnist Liam Halligan: how to avoid a recession.

18 Mar 2012

| 2 Comments

Business week ahead: March 19 - March 23

The focus of the week will be the Budget on Wednesday, which George Osborne will deliver to Parliament at 12.30pm.

17 Mar 2012

| Comment

Osborne to announce Sunday trading changes

George Osborne is to announce a nationwide suspension of Sunday trading laws as part of a “pro-enterprise” Budget.

17 Mar 2012

| 591 Comments

Debt crisis: as it happened - March 16, 2012

Greece would face a disorderly and very costly exit from the euro zone without financial support from Europe, the International Monetary Fund and European Central Bank, the IMF said in a staff report.

16 Mar 2012

| 260 Comments

Jump in US underlines threat of petrol prices

US inflation jumped the most in almost a year last month, offering a reminder of the threat that rising petrol prices pose to America's economic recovery.

16 Mar 2012

| 15 Comments

Hector Sants to step down as head of FSA

Government’s overhaul of financial regulation has been thrown into disarray by FSA chief executive's surprise departure.

16 Mar 2012

| 65 Comments

A boost for infrastructure

Top stories: Markets, the Budget, gold update and next week's events.

16 Mar 2012

| Comment

US must remain 'intensely focused' on growth, warns Geithner

America must remain "intensely focused" on bolstering the country's economic recovery as the world grapples with the new threat of rising oil prices, US Treasury Secretary Tim Geithner has warned.

16 Mar 2012

| 3 Comments

The wealthy trade luxury for value brands

Even Britain's wealthiest people are cutting back on basics to save money, switching to value brands and reducing their fuel consumption.

16 Mar 2012

| 19 Comments

Competition watchdog given wide new powers

The Government is to hand industry watchdogs the Competition Commission and Office of Fair Trading (OFT) significant new powers as part of their merger.

15 Mar 2012

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Budget 2012: business chiefs attack Government growth plans

Two of Britain’s leading businessmen raise serious questions over Government’s growth plans just as ministers gear up to deliver next week’s Budget.

15 Mar 2012

| 48 Comments

Debt crisis: as it happened - March 15, 2012

Brent crude price falls on reports that Britain and America will co-operate in an effort to prevent high fuel prices derailing economic growth in the run-up to the US election.

15 Mar 2012

| 400 Comments

IMF gives formal approval to second Greek bailout

The International Monetary Fund has formally approved its €28bn (£23bn) contribution to a second bailout for Greece, as part of a €130bn package of emergency funding from fellow eurozone members.

15 Mar 2012

| 2 Comments

Q&A: How do credit ratings work?

Fitch has warned Britain it could lose its top AAA rating within the next few years. But what are credit rating agencies and how do ratings work?

15 Mar 2012

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Is RBS fit for sale?

Top stories: UK gilts, John Laing Infrastructure Fund, Tesco and RBS.

15 Mar 2012

| 2 Comments

King defends BoE's role in financial crisis

Sir Mervyn King , Governor of the Bank of England, said the central bank acted responsibly during the financial crisis and defended its record as an inflation fighting institution in a interview with The Times.

15 Mar 2012

| 5 Comments

Greek bailout moves closer

The second, €130bn (£108bn) Greek bailout moved a step closer after the go-ahead was given by all national eurozone parliaments, according to the leader of the region's finance ministers.

14 Mar 2012

| 11 Comments

Government to open consultation on competition regime

The Government is expected tomorrow to unveil tough cartel-busting rules and tighter timetables for competition investigations in a radical overhaul of Britain's competition authorities.

14 Mar 2012

| 1 Comment

UK could lose coveted AAA rating, warns Fitch

Britain's hopes of retaining its prized triple-A credit rating were dealt a blow last night after Fitch said the country was more likely than not to be downgraded.

14 Mar 2012

| 265 Comments

Fitch cuts UK outlook to 'Negative': the full statement

Fitch has cuts UK outlook to 'Negative' citing 'very limited fiscal space to absorb further adverse economic shocks', in a move that puts country's coveted AAA rating under further pressure. Here is the statement in full.

14 Mar 2012

| 7 Comments

Budget planning needs clarity, not kite-flying

Telegraph View: Are 100-year bonds another gimmick ahead of the Budget?

14 Mar 2012

| 7 Comments

Debt crisis: as it happened - March 14, 2012

Fitch cuts UK outlook to 'Negative' citing 'very limited fiscal space to absorb further adverse economic shocks', in a move that puts country's coveted AAA rating under threat.

14 Mar 2012

| 473 Comments

Britain's inflationary route to default

George Osborne’s idea of refinancing the national debt with 100-year gilts, or even gilts issued in perpetuity, is a bit too clever by half.

14 Mar 2012

| 118 Comments