(no title)
Other than Japan, Britain has had the biggest collapse in GDP over the crisis of
these major countries examined by the Bank for International Settlements
Ed Conway
Is Mitt Romney Entirely Economically Illiterate?
One has to ask, because the latest idea being spouted by the Republican party
is, in economic terms at least, madness.
That idea, in case you missed it, is, in the words of the FT headline today, to
“eye a return to the gold standard
[http://www.ft.com/cms/
Britain's balance sheet recession
Imagine you’re a bank manager.
You have a customer who keeps getting deeper and deeper into debt. You’ve set
him targets for spending and borrowing but he has repeatedly missed them.
A few weeks ago it transpired that his annual income had fallen even more than
expected and
Why is unemployment defying gravity?
It’s the great conundrum of the UK economy today.
Why is the labour market looking ever healthier, even as the economy slips into
a double-dip recession?
The latest labour market figures from the Office for National Statistics are
almost uniformly positive: employment up, unemployment down, the number of
people
How the Bank of England is making the rich even richer
We’ve suspected it for some time but now it’s been confirmed.
Quantitative easing (QE) – the emergency economic measure carried out by the
Bank of England (BoE) in recent years – has made the wealthy even wealthier.
It has hardly benefited the poor at all – in direct asset terms, at
A Bad Time For Barclays To Ditch Free Banking
There is no such thing as a free bank account – just as there is no such thing
as a free lunch.
The reason most UK banks offer current accounts without fees attached to them is
that the costs of running each account is generally recouped through the fees
charged when
A permanent crisis of confidence for banking
The world has become more insecure – and that insecurity may last a generation.
That’s the issue underlying Martin Wheatley’s investigation into Libor, which
published an interim discussion paper
[http://hm-treasury.gov.uk/d/condoc_wheatley_review.pdf] oday.
Granted, that’s rather more profound than the immediate issue