Stephen King: Does the Bank of England know something the rest of us don't?

They can prevent the worst economic outcomes. They cannot create the best

Stephen King: The emerging world deserves to catch up – and we must grow up

On either side of the Atlantic, housing markets are no longer in free-fall. On Friday, we discovered that US housing starts had unexpectedly risen in June, posting the highest number in seven months. Building permits, which indicate future homebuilding activity, also picked up smartly.

Stephen King: China takes small steps towards breaking the sway of the US dollar

For nations sitting on piles of dollar assets, the fall in the dollar's value is hardly good news

Stephen King: The perils of learning from the past

High hopes dashed. No, not Andy Murray's unsuccessful quest to win Wimbledon this year. I'm thinking of last Thursday's US employment report for June. It was hardly the best news ahead of the July 4th Independence Day celebrations.

Stephen King: Who will end this financial insanity?

Mervyn isn't happy with Alistair because Alistair's housekeeping doesn't quite add up. Adair isn't happy with Mervyn because Mervyn wants to play with Adair's regulatory toys. Alistair doesn't trust Mervyn because he suspects Mervyn is sneaking off to tell George all of Alistair's secrets. Mervyn is irritated because Alistair refuses to show Mervyn his new White Paper. But George is full of cheer because he thinks Mervyn is his new best friend. That, I think, is the human aspect of the rumpus that's unfolded over the past few days. Personalities aside, the row reveals obvious tensions in the UK's monetary, fiscal and regulatory framework.

Stephen King: Good luck, not good providence, was at the core of happier times

It is now difficult to talk with a straight face of the so-called era of stability

Stephen King: The housing market is one of the main unknowns in any upturn

The flexible labour market may mean tremendous downward pressure on wages

Stephen King: The economic mess began when profligacy replaced prudence

The UK economy had been suffering fiscal neglect long before the credit crunch

Stephen King: Runaway growth was a sign of excess credit and risk-taking

The Bank of England never properly dealt with inflation shocks from abroad

Stephen King: Spring is in the in the air, but not all green shoots make it to summer

Like swine fever, economic buds seem to be turning up all over the place

Stephen King: The Chancellor's golden goose is no more and the cash has run out

A rebalancing of the economy may leave the Treasury permanently short of money

Stephen King: Economic forecasters could learn something from meteorologists

Forecasters got their projections badly wrong – the Treasury's were particularly misleading

Stephen King: Domestic demands may scupper a worldwide economic solution

How much will the financial crisis eventually cost? I'm not talking about the billions of pounds or the trillions of dollars being spent to rebuild the world's financial system. These numbers are now so big that, in thinking about them, I feel decidedly numb. Moreover, the asset purchase and insurance schemes launched by governments may not cost that much over the longer term: not all the assets being purchased or insured against will prove toxic and a recovery in economic activity would probably leave governments and taxpayers nursing only modest losses. Indeed, with any luck, they might even make money.

Stephen King: Experiments that could blow us up

It is bad enough explaining to people what quantitative easing is, let alone what it actually does. Part of the problem lies with the different approaches adopted by central banks on either side of the Atlantic. The Bank of England deliberately intends to increase the supply of money, whereas the Federal Reserve has, so far, made no such commitment. Both central banks are, though, supposedly engaged in quantitative easing.

Stephen King: The rest of the world still has a lot to learn from the Japanese

What, today, counts as economic policy success? The G20 finance ministers, pictured, promised over the weekend to "take whatever action is necessary until growth is restored." That, though, is a rather weak formulation. Even after the Great Depression, growth eventually made a welcome return. The bigger concerns surely relate to the length and depth of the current downswing and, importantly, the likely pace of growth once the world economy bottoms out. Merely promising a restoration of growth at some unspecified future point doesn't quite do the trick.

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HSBC's chief executive, Stuart Gulliver, had insisted he had always paid full UK tax on all his earnings
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Nigel Farage is right: we should be having a more honest debate about immigration. But the issue is not the one with which the Ukip leader is obsessed: in fact, we need more immigration, not less, according to David Prosser
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Many in business believe even the prospect of a referendum is harmful
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Tesco’s new boss Dave Lewis has decided to buy out Euphorium completely. Jim Armitage reports
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Bernanke’s move does show the more subtle side of the Washington-Wall Street nexus, says Jim Armitage
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For Britain’s multinationals, a global economic recovery looks to be under way, says Jim Armitage
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There is no reason to expect secular stagnation – even if it is hard to see quite where growth will come from, says Hamish McRae
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Margrethe Vestager wants small businesses to have a fair representation on search engines
Margrethe Vestager, the EU's new competition watchdog and one of the most prominent and well-liked figures in Danish politics, has taken on the technology giant over its alleged abuse of the market. Oscar Williams-Grut reports
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Ben Chu asks: has the industry really absorbed the fund segregation lesson? And are regulators succeeding in enforcing the rules?
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David Cameron unveils the Conservative party manifesto in Swindon (PA)
The OBR was told by the last government not to audit the election manifestos. Jamie Murray on why that should change.
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The Tories want to revive and extend Margaret Thatcher’s flagship housing policy. Ben Chu looks at what the possible consequences could be
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Mark Leftly with Parliamentary Business
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British Gas announced yesterday that it will cut bills – but only by 5 per cent, and not until the end of next month, when the coldest weather is likely to be over
But shareholders in Centrica will take heart. Even as customers may brace for  the worst, says Jim Armitage
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Paper trail: Deidre has a crack team of letter-writing lieuten-aunts, armed with cups of tea and a bank of good sense
Just when you thought banker bashing might finally come to an end, another hideous toad crawls out from under a rock to stir the public’s justified indignation yet again. Jim Armitage takes a peek
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Shopping on Oxford Street: the new year begins with a rise in VAT, which will impact on high-street spending
There’s something perverse about the Competition and Markets Authority’s decision to block Poundland’s attempted takeover of 99p Stores, says Simon Neville
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Ferdinand Piech, the chairman, at the Volkswagen plant in Wolfsburg, Germany
Ferdinand Piëch, the powerful chair of VW, has fallen out with his chief executive and protégé Martin Winterkorn. Tony Patterson lifts the bonnet and examines what’s going on at the German automobile giant
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The Conservative party is ahead of Labour in the polls for the first time since 2011, with the NHS likely to matter more to people than the economy when they decide how to vote in the general election (EPA)
Be sceptical when you hear tales of impending financial panic during election campaigns, warns Ben Chu
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China’s size and complexity frequently obscures its reality, says Satyajit Das
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Open letter to David Cameron

Building the walls of fortress Europe has had deadly results
Tory candidates' tweets not as 'spontaneous' as they seem - you don't say!

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Armenian genocide: To continue to deny the truth of this mass human cruelty is close to a criminal lie

Armenian genocide and the 'good Turks'

To continue to deny the truth of this mass human cruelty is close to a criminal lie
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This human tragedy has been brewing for years

EU states can't say they were not warned
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Women's sportswear

From tackling a marathon to a jog in the park, the right kit can help
Hillary Clinton's outfits will be as important as her policies in her presidential bid

Clinton's clothes

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Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
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Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
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How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
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Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders