Voices The Chancellor’s Autumn Statement should have good news on the deficit and employment – even if the national debt remains disturbingly high

The Chancellor's Autumn Statement should have good news on the deficit and employment – even if the national debt remains disturbingly high

Emergency G7 meeting called as yen hits record high

At the worst possible moment for Japan's economy, the yen has surged to all-time highs against the US dollar and other currencies, making life for its hard-pressed exporters, already battling with disruptions to supply chains and power, even more difficult.

Hamish McRae: Business people still think Britain is a scary place

So the Budget, now only two weeks away, will apparently be billed as a budget to promote growth. The idea of Budgets being themed was developed by Gordon Brown, and if you can find them (they are tucked away in an electronic archive well away from the stuff of the current Coalition) they make amusing, if slightly sad, reading. This is from the opening passage of his final Budget in 2007:

IMF 'too in awe of G7 to spot their failings'

The International Monetary Fund was overly influenced by developed countries including the US and the UK when assessing their economies, and ended up missing signs of fragility that led to the 2008 global financial crisis, an internal audit has found.

Hamish McRae: Emerging nations must help to rebalance world economy, but can they be persuaded?

Economic Life: A decade ago, the West could assume it would be listened to. Its own reputation for reasonable competence was intact. That has gone

Hamish McRae: Securing a recovery is the least of our woes

Everyone is worrying about the recovery. They shouldn't. After a dip in the coming months, the world economy should experience several years of solid growth. Instead people ought to be worrying about whether the developed world can get itself into shape, so that it can come through the next downturn in better nick than it came through the past one.

UK growth stronger than other G7 nations, say OECD report

The UK will see the strongest growth among all of the G7 nations in the third quarter despite a sharply slowing recovery, economic forecasters said today.

Gordon Brown's 'triumphalism' blamed for UK's record deficit

However, 'relatively good GDP performance' has survived worst downturn since WW2, says review

OECD: UK economy set for faster growth

The UK economy is forecast to grow at a faster pace than most of the world's seven major developed countries in the first half of the year as its recovery picks up pace, according to a report out today.

Brown is the Prime Minister of negative growth, says Osborne

George Osborne will today accuse Gordon Brown of becoming the first prime minister to preside over a slide in the size of the British economy.

Darling: My policies prevented economic depression

Government action to help the economy staved off depression during the worst of the downturn, Chancellor Alistair Darling claimed today.

G7's reassurances fail to calm fears of Greek meltdown

Euro plummets despite claims Athens will be forced to deliver on its budget plan

G7 financial leaders focus on budget crises

A crisis in Europe over budget belt-tightening has upended global markets and seized the attention of financial leaders meeting in the Canadian Arctic.

Darling draws the line at seal meat for his G7 dinner

Chairs are upholstered with seal skin, goodie bags have seal-skin mittens. But finance ministers meeting in Canada don't want to upset hosts

Hamish McRae: What the world needs now is a round of golf – between leaders of the G20

The G20 finance ministers are gathering this weekend in St Andrews, not to play golf but to knock economic policy ideas about. The G20 embraces the main developed economies and the largest emerging ones, and is, as you may recall, replacing the smaller G7 club of developed nations as the main body co-ordinating the world economy.

Britain closing its productivity gap

The much-maligned British worker has achieved a marked improvement in productivity, according to new figures from the Office for National Statistics. The ONS's latest estimates for GDP per worker show that the UK's record on that score is now superior to Japan and similar to that of Germany, though it still lags behind Italy, France, and, especially, the US. It, thus, remains below the average of the G7 "club" of leading advanced economies.

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