The Chancellor's Autumn Statement should have good news on the deficit and employment – even if the national debt remains disturbingly high
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Sunday 04 October 2009
A former Japanese finance minister who stepped down after appearing to be drunk at an overseas news conference was found dead in his home, police said today.
Friday 25 September 2009
Thursday 21 May 2009
Outlook Even the International Monetary Fund, it seems, now concedes Britain is getting at least something right in its management of the economy. There was faint praise in an IMF report card issued yesterday for Britain's handling of the banking and economic crisis, not that this is likely to help Prime Minister Gordon Brown very much in his quest to get re-elected.
Monday 27 April 2009
Saturday 25 April 2009
Friday 20 March 2009
Wednesday 25 February 2009
Japan's woes hit a new low yesterday as the government of the G7 state, already hurt hard by tumbling exports, announced it may take steps to prop up the spiralling stock market. The government could expand stock buying and take other steps to support shares amid growing fears for the economy.
Tuesday 17 February 2009
Japan's finance minister resigned today after being forced to deny he was drunk at a G7 news conference, but the move may be too late to save unpopular Prime Minister Taro Aso or the long-ruling party from voters' wrath.
Thursday 01 January 2009
Outlook Gordon Brown believes April's meeting of the G20 in London will be a pivotal moment for co-ordinated action to help revive the world economy. Let's hope he's right, for the last G20, which took place in Washington last November, has already failed to live up to the hype that surrounded it as a new Bretton Woods for the 21st century.
Saturday 11 October 2008
Saturday 11 October 2008
His approval ratings hover at a record low, his credibility is close to zero and he'll be out of office in three months. But George Bush's address to the nation yesterday underlines how, despite everything, he is a key figure in a financial crisis that is no longer measured in months but in days and even hours.
Thursday 04 September 2008
The "R" word is now front stage, at least as far as the UK is concerned. The OECD report this week was much more negative about UK prospects than anything we have seen yet. It makes the Bank of England's latest Inflation Report, which we all thought was pretty pessimistic, appear almost cheerful. If the OECD is right, then it won't just be the economy that is in a mess. Public finances will be far worse than anything yet contemplated, there will have to be spending cuts and I could see this government unable to hang on under any leader till the full lift of this Parliament in 2010.
Wednesday 03 September 2008
Britain is the worst placed among the world's major econ-omies to withstand the impact of a global slowdown – and the only one forecast to be in recession this year, according to the respected Organisation for Economic Co-operation and Development. The OECD says that the sharp downturn in the British property market, and the increased importance of housing in the economy, has led it to slash its forecasts.
Friday 29 August 2008
A row is threatening to reignite between UK business and the Government as two companies yesterday announced they are leaving domestic shores to slash their tax bills. The British business trade body yesterday warned that there would be more to come if the Government does not act soon.
Economic View: It's no barrel of laughs, but as Britain changes its behaviour, could we be insulated from oil shocks?
Sunday 29 June 2008
The sky darkened a little more last week, largely because of the further rise in the oil price and the implications for inflation and growth. Shares fell worldwide.
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