Sunday, 19 August 2012

Economics

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

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ECONOMICS NEWS

Lord Rothschild's £130m bet against the euro

Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.

18 Aug 2012

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A message from the 1970s on state spending

"We used to think you could spend your way out of recession and increase employment by boosting government spending,” boomed the Prime Minister, Jim Callaghan, at the 1976 Labour Party conference.

18 Aug 2012

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British banks faced the financial precipice

The BoE’s deputy governor is very worried about our lenders.

18 Aug 2012

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Juncker rules out Greek exit from eurozone

Jean-Claude Juncker, leader of the eurozone finance ministers' group, said he believes Greece will not leave the single currency as he prepares for talks in Athens next week.

18 Aug 2012

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Finnish coalition divided over euro

Finland is totally committed to the euro, its European affairs minister said following comments from its foreign minister that the country was preparing for a break up of the single currency.

17 Aug 2012

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Debt crisis: as it happened - August 17, 2012

Finland is preparing for the break-up of the eurozone, the country’s foreign minister has warned.

17 Aug 2012

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Britain isn’t in recession, it’s just not growing, says Bank rate-setter

Britain is not in recession but rather in a persistent period of zero growth, one of the Bank of England’s rate-setters has said.

17 Aug 2012

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Finland prepares for a full-blown currency crisis

Finland's foreign minister warns that the country is preparing for a full-blown currency crisis as tensions in the eurozone mount and that it will not tolerate further bail-out creep.

16 Aug 2012

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Bubble trouble

Telegraph View: Poor weather and Chinese buyers have put up the price of Champagne - which means we will enjoy drinking it all the more

16 Aug 2012

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Surprise rise in retail sales lift hopes recession is not as deep as initially thought

Better-than-expected retail sales in June and July reinforced hopes that Britain’s recession is not as deep as initially feared.

16 Aug 2012

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India doesn’t need our money to pay the bills

Foreign aid doesn’t help any poor countries – it just corrupts their governments, believes Theodore Dalrymple

16 Aug 2012

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Property boosts UK net worth to £6.8 trillion

Britain's property market has boosted the nation’s wealth to £6.8 trillion, despite a global financial crisis which has weighed heavily on the UK economy.

16 Aug 2012

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Debt crisis: as it happened - August 16, 2012

Angela Merkel warned that "time is pressing" in tackling the eurozone crisis, adding that Mario Draghi's vow to do all necessary to defend the eurozone is in line with what European leaders have been saying for a long time.

16 Aug 2012

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MPC member: economy in stagnation rather than recession

Britain is in a "sustained period of stagnation" rather than a "double-dip recession," according to a member of the Bank of England's Monetary Policy Committee.

16 Aug 2012

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Every Briton now worth £110,000

Every Briton is now worth £110,000 as the country's £4 trillion housing market helped to lift the UK's net worth despite the economy slipping back into recession.

16 Aug 2012

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UK retail sales rise: what the analysts say

British retailers reported an unexpected rise in sales in July, and much higher than thought sales in June, data showed on Thursday. Here's how economists reacted.

16 Aug 2012

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UK retail sales post surprise rise in July

British retailers reported an unexpected rise in sales in July, and much higher sales than previously thought in June, data showed on Thursday, boosting hopes that the UK's recession may not be as deep as feared.

16 Aug 2012

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Eurozone break-up would see UK economy shrink by £100bn

A break-up of the eurozone would cost Britain's economy £100bn, secret Treasury estimates show.

16 Aug 2012

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Foreign investment in China fell 8.7pc in July

Foreign direct investment in China fell 8.7pc in July, the government has said, as the economy continues to feel the pinch of slowing global growth and the European debt crisis.

16 Aug 2012

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Experts urge Osborne to make austerity U-turn

Chancellor urged to abandon austerity plans and boost infrastructure spending to rescue the economy by a group of top economists who backed him just two years ago.

15 Aug 2012

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Debt crisis: Germany stands firm on Greek bail-out demands

The German government stands by demands made by international creditors in return for Greece's bail-out, Angela Merkel's spokesman said on Wednesday.

15 Aug 2012

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Debt crisis: as it happened, August 15

The German government has said it stands by demands made by international creditors in return for Greece's bail-out, after reports suggested that the country's prime minister will ask for a two-year extension to implement austerity measures.

15 Aug 2012

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Osborne no longer enjoys faith of prominent economists

George Osborne no longer enjoys the support of a group of 20 prominent economists who wrote an influential letter ahead of the last general election backing his deficit reduction plan.

15 Aug 2012

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Upbeat US data boost recovery hopes

The US economy has rebounded from a weak second quarter, according to official figures, restoring some optimism in the global recovery.

15 Aug 2012

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More QE coming, Bank minutes show

The Bank of England has clearly signalled that more money printing is on the cards as it warned that the economy is at risk of suffering “an enduring impediment to growth”.

15 Aug 2012

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