Sunday, 13 May 2012

Economics

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

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ECONOMICS NEWS

High earners say au revoir to France

As summer draws near, thoughts of the well-heeled Parisian turn to Le Grand Départ.

12 May 2012

| 405 Comments

Broken banking system is keeping growth at bay

Last weekend's election results in France and Greece, we're told, show that eurozone voters want "growth, not austerity". In the UK, too, the deficit-cutting coalition Government is being widely castigated for "lacking a growth policy".

12 May 2012

| 91 Comments

Euro crisis: Greek exit would not be 'fatal'

A Greek exit from the eurozone would damage confidence in the single currency bloc but not necessarily be fatal, Irish central bank chief and European Central Bank policymaker Patrick Honohan said on Saturday.

12 May 2012

| 224 Comments

China to cut bank reserves as economy slows

China's central bank cut the amount of cash that banks must hold as reserves on Saturday, in another attempt to head off a sharper slowdown in the world's second-largest economy.

12 May 2012

| 46 Comments

Debt crisis: as it happened - May 11, 2012

The Spanish government has told banks they must increase their provisions against property loans from 7pc to 30pc, meaning they must raise another €30bn.

11 May 2012

| 364 Comments

UK recovery hopes dented by data

Britain's hopes of rapidly escaping recession were dented by a swathe of bad economic news that showed consumer confidence plummeting, producer prices soaring and the construction sector failing to spark.

11 May 2012

| 239 Comments

Sainsbury CEO: lack of confidence in economy

The Treasury has suffered a sharp rebuke from the chief executive of J Sainsbury for failing to do enough to stimulate economic growth.

11 May 2012

| 5 Comments

Germany can't save the euro now

The single currency could not survive Greece leaving it, predicts Jeremy Warner.

10 May 2012

| 625 Comments

Debt crisis: as it happened - May 10, 2012

Democratic Left Party proposes an 'ecumenical government' formed from a coalition of all political powers in Greece which would rule until 2014.

10 May 2012

| 566 Comments

Chinese sovereign wealth fund stops buying Euro debt

The eurozone has lost a crucial lifeline as China's biggest sovereign wealth fund said it no longer wanted to buy European government debt.

10 May 2012

| 166 Comments

UK recovery gathering pace, says OECD

Britain's recovery is gathering pace and the global economy has found its feet, the Organisation for Economic Co-operation & Development has said in its most upbeat assessment of world prospects for more than a year.

10 May 2012

| 17 Comments

Surprise weakening in China import and exports

A disappointing trading performance from China in April raised concerns about how demand from the world's second-biggest economy will hold up as its growth slows.

10 May 2012

| 13 Comments

Bank of Englands holds QE and rates: reaction

The Bank of England has decided to hold rates and not to give the economy another cash injection. We look at how economist reacted to the decision.

10 May 2012

| 3 Comments

Relief for pensioners as Bank halts QE

The Bank of England has halted its latest round of money printing amid signs that inflation is proving a more persistent problem than expected.

10 May 2012

| 65 Comments

UK manufacturing picks up in March

British manufacturing output bounced back more strongly than expected in March, although a steep fall in oil and gas extraction pushed wider industrial production down, official figures show.

10 May 2012

| 3 Comments

Bank to resist more QE amid 'sticky' inflation

The Bank of England is expected to call time on the latest round of quantitative easing on Thursday following signs that inflation is proving more "sticky" than expected.

10 May 2012

| 103 Comments

Queen's Speech 2012: Coalition sets sights on 'restoring economic stability'

Retail and investment banks will be split, employment tribunals curbed and executive pay tackled by new legislation revealed in a Queen's Speech designed to "restore economic stability".

09 May 2012

| 14 Comments

Germany warns Greece 'no bailout agreement, no aid'

Germany has threatened to halt vital financial aid to Greece unless a new government commits to the terms of the country’s bail-out agreements, as the eurozone announces it will withold €1bn of €5.2bn cash injection due on Thursday.

09 May 2012

| 233 Comments

Debt crisis and Greek coalition talks: as it happened - May 9

Greece's future in the eurozone is in jeopardy, warns Germany's foreign minister Guido Westerwelle, as the EU and IMF will cut off future bailout payments if it refuses to continue implementing austerity measures.

09 May 2012

| 621 Comments

Europe's delusional search for growth

More than three years have passed since the Bank of England embarked on the emergency measure of quantitative easing.

09 May 2012

| 192 Comments

Queen's Speech shows we have a Coalition of the cautious

A Queen's Speech that seeks to repeal unnecessary legislation and limit state inspection of businesses while introducing laws to create a new "adjudicator" to referee the relationship between supermarkets and their suppliers says it all.

09 May 2012

| 6 Comments

Portugal scraps four public holidays to cut costs

Portugal has resorted to cutting four of its 14 annual public holidays in an attempt to trim its budget deficit and boost economic output as speculation grows that it will require a second bailout.

09 May 2012

| 28 Comments

Retail sales slide in wettest April on record

The wettest April on record dampened demand for summer fashion as retailers suffered their biggest sales falls for more than a year, figures from the British Retail Consortium revealed on Wednesday.

09 May 2012

| 47 Comments

Pension scheme deficits jump £10.6bn in a month

The combined deficit of Britain's private pension schemes rose by £10.6bn in the past month to £216.8bn as the funds were hit by the knock-on effects of the Bank of England's "money printing".

09 May 2012

| 9 Comments

Gieve warns bank banking hitting recovery

Britain's regulators should tone down their attacks on the banks, slow the introduction of new financial rules and clarify the future structure of the industry to encourage lending and stimulate growth, says John Gieve.

09 May 2012

| 8 Comments