Sunday, 18 October 2009

Economics

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

LATEST ECONOMICS NEWS

Pound to remain weak until at least 2014

The pound will be stuck at near-parity against the euro for up to four years, according to a report from Ernst and Young Item Club.

17 Oct 2009

Bankers should stay worried. . . we're watching

Goldman Sachs results are supposed to deliver multi-billion pound bonsues to many of its staff

The country is in a mess, and almost everyone else is paying the price, saysTracy Corrigan.

17 Oct 2009

Pound and FTSE 100 end the week higher

pound coins - Pound and FTSE 100 end the week higher

The pound made its biggest weekly gain against the euro in more than four months amid optimism about the UK economic outlook.

16 Oct 2009

House prices 'to fall 10pc in 2010'

House prices in Britain will fall 10 per cent next year, reversing their recovery of recent months, according to a leading think tank.

16 Oct 2009

Sir Howard Davies sees 'dramatic’ risks for Britain

Ex-FSA chief Sir Howard Davies sees 'dramatic? risks for Britain

The British people are living in a fool's paradise and have yet to understand the gravity of the economic crisis, according a former head of the FSA.

15 Oct 2009

Sterling rises against dollar and euro

Sterling rises against dollar and euro

The pound rallied against both the dollar and euro on Thursday as traders unwound short positions on sterling amid increased optimism from the Bank of England.

15 Oct 2009

German 'Wise Men' fear credit crunch in 2010

German Wise Men fear 'credit crunch' in 2010

Germany's leading institutes say the pace of economic recovery is "unsustainable" and the country's banks may face a fresh crisis.

15 Oct 2009

Greed isn't good– it's dangerous

In today's extract from his new book,Roger Bootle looks at the future of capitalism

15 Oct 2009

UK slams EU report warning on debt spiral

The Treasury lashes out at Brussels after it suggested that Britain risks a debt compound spiral.

14 Oct 2009

Rise in UK unemployment slows

UK unemployment stands at 2.47m after rising by 88,000 in the three months to August, but the rate of increase is slowing.

14 Oct 2009

Dow breaks through the 10,000 barrier

The Dow Jones closed above the 10,000 mark for the first time in a year – raising hopes of fully-fledged bull market.

14 Oct 2009

Dow Jones passes 10,000 for the first time in a year

Optimism about a global economic recovery as gains are spurred by surging profit at investment bank JPMorgan Chase & Co and a promising sales forecast from Intel.

14 Oct 2009

Time for rate increases is approaching

Near-zero policy interest rates are powerful. If the claims of financial economists are to be believed, they are holding up economic activity and bank balance sheets. But their magic isn’t only beneficial. They also distort behaviour in dangerous ways.

14 Oct 2009