Sunday, 12 August 2012

Economics

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

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ECONOMICS NEWS

Further fall in UK annual inflation rate is forecast

Inflation fell further in July, easing the pressure on household budgets, official figures are expected to show this week.

12 Aug 2012

| 3 Comments

Sir Roger Carr: big business key to recovery

CBI president Sir Roger Carr has urged the government to help big businesses as well as small.

11 Aug 2012

| 40 Comments

Big businesses are the engines for UK growth

In the next few weeks politicians, businessmen and women all over the country will be returning, reinvigorated from their summer vacation, to take on the very real challenges facing corporate Britain.

11 Aug 2012

| 21 Comments

Super Mario hopes for gold from Angela Merkel

Most investors have been at the beach in recent weeks – or fixated by the splendid London Olympics.

11 Aug 2012

| 34 Comments

Silvio Berlusconi says euro exit would be a 'disaster' for Italy

Ex-Italian prime minister Silvio Berlusconi has said that a euro exit could lead to a disintegration of the single currency.

11 Aug 2012

| 30 Comments

Buying Spain and Italy's debt 'makes no sense'

The European Central Bank should not buy Spanish and Italian debt because it "makes no sense" and will take away the pressure on politicians to act, Belgium's central bank governor has said.

11 Aug 2012

| 201 Comments

UK recession may not be as deep as feared

Britain's recession might not be as deep as feared after better-than-expected construction data raised the chance that official GDP figures would be revised up.

10 Aug 2012

| 37 Comments

Debt crisis: as it happened - August 10, 2012

The Bank of England will need to slash interest rates to 0.25pc and print an extra £125bn to lift the UK economy out of "continued stagnation," according to economists at Citigroup.

10 Aug 2012

| 446 Comments

Slower construction fall signals GDP revision

Data showed there was a smaller slump in construction activity in the second quarter of the year, signalling Britain's economy may have shrunk less than previously estimated.

10 Aug 2012

| 57 Comments

China exports slump in July

China's exports slumped in July, as faltering demand from the country's two biggest foreign customers, the European Union and United States provided further evidence that the global economy is stalling.

10 Aug 2012

| 9 Comments

Hard landing for China as factory prices fall and deflation looms

Factory gate prices in China fell at an accelerating rate of 2.9pc in July as the economy flirted with industrial recession, prompting calls for further stimulus to head off Japanese-style deflation.

09 Aug 2012

| 151 Comments

There’s no future in returning to Brown’s Britain

Unless David Cameron acts fast, we could be heading for an era of Japanese-style paralysis, believes Jeremy Warner.

09 Aug 2012

| 537 Comments

Mark Carney rules himself out of BoE race

The list of potential candidates to become the next Bank of England governor appeared to shrink as Mark Carney, the head of Canada’s central bank, ruled himself out.

09 Aug 2012

| 16 Comments

Debt crisis: as it happened - August 9, 2012

Christian Noyer, a member of the European Central Bank's governing council, said the bank should be ready to intervene decisively in bond markets very soon as the bank slashed its growth expectations for next year.

09 Aug 2012

| 276 Comments

Recovery hopes dashed as trade deficit widens

A sharp rise in Britain’s trade deficit dealt a fresh blow to recovery hopes as a former deputy governor admitted the Bank of England was “clumsy and slow” in its initial response to the crisis.

09 Aug 2012

| 7 Comments

US weekly jobless claims fall to 361,000

US weekly jobless claims fell to 361,000, the Labor Department has said, in another sign that the jobs market has some moderate strength despite the second quarter lull in hiring.

09 Aug 2012

| 1 Comment

Shock trade figures a blow to recovery hopes

Britain's trade deficit widened sharply to a record high in June as exports collapsed amid the eurozone crisis, dealing a blow to hopes that trade will drive a recovery.

09 Aug 2012

| 41 Comments

BoE was 'slow off the mark' in crisis - Gieve

Former Bank of England deputy governor Sir John Gieve has admitted that the UK's central bank was "slow off the mark" in dealing with the financial crisis.

09 Aug 2012

| 76 Comments

Libor needs to be replaced, says Sir Mervyn King

Libor has stopped working and should be replaced, said Sir Mervyn King, Governor of the Bank of England.

09 Aug 2012

| 7 Comments

Financial crisis five years on and still no end in sight

A look back at key events on the fifth anniversary of the global credit crisis.

09 Aug 2012

| 67 Comments

Blair 'deeply worried' Britain will leave EU

Former Prime Minister Tony Blair has said he is "deeply worried" that Britain will leave the European Union via a referendum.

09 Aug 2012

| 1637 Comments

Chinese inflation falls to 30-month low

China's annual consumer inflation fell to a 30-month low in July, suggesting the central bank has scope to ease policy further after rate cuts in June and July to keep the economy on track to meet a 2012 growth target of 7.5pc.

09 Aug 2012

| 3 Comments

King’s counsel

Telegraph View: Sir Mervyn King may be gloomy - but he's also right about the economy

08 Aug 2012

| 25 Comments

Fears rising that crisis threatens region's biggest economies

New figures are fanning concerns that the eurozone debt crisis is driving its powerhouse economies, France and Germany, into recession.

08 Aug 2012

| 57 Comments

Debt crisis: as it happened - August 8, 2012

Otmar Issing, one of the founding fathers of the euro, believes some countries may not be able to remain in the currency bloc but Germany would be better off staying in.

08 Aug 2012

| 651 Comments