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

John Landon-Lane and Peter Robertson: Government policies have little effect on long-term growth

From a speech given by the two economists to the Royal Economic Society conference

Leading article: Third World debt relief is a welcome Christmas gift

GORDON BROWN must have been tempted to don a Father Christmas suit for his appearance at yesterday's Downing Street seminar on Third World debt relief. For he was able to announce, once again, that Britain is to write off the money owed to it by the poorest countries in the world. This, of course, is just what the religious and charity leaders gathered there have been campaigning for, and for the most part they have been gracious in their acceptance of victory. In particular, they are pleased that the debts owed to the United Kingdom will not simply be expunged, allowing more money for, say, arms build-ups, but will be directed to those New Labour shibboleths, health care and education.

Brown will cancel Third World debt

THE GOVERNMENT announced last night that it is to write off hundreds of millions of pounds owed to Britain by the world's poorest countries.

Despite Brown's arm-twisting, doubts remain over funding of debt relief for world's poor

THE WORLD'S poorest nations should benefit from reductions in their debt burden within weeks as final details of the funding for debt relief were agreed at the IMF and World Bank annual meetings yesterday.

Brown wins cash aid for debt relief

THE G7 and the IMF yesterday reached a last-minute agreement yesterday to cut the debts of several of the world's poorest countries.

Markets on knife-edge as G7 shuns yen intervention

THE GLOBAL financial markets were left on edge by Group of Seven ministers and central bankers at the weekend, uncertain whether this week will bring joint intervention in the currency markets.

Japan set to pave way for G7 intervention over yen

THE STRONG yen will be at the top of the agenda for finance ministers and central bankers from the Group of Seven industrial nations when they meet at the weekend.

Outlook: Economic agenda

THE TWICE-YEARLY meetings of the G7 finance ministers and IMF are notorious for the snail's pace at which the policy agenda progresses. Third World debt relief, the issue that is top of Gordon Brown's list of priorities this weekend, has been rumbling along for most of this decade. Likewise, reform of the IMF has been on the agenda since 1994, when the Mexican crisis sorely exposed the organisation's limitations.

Dow unnerved by fresh inflationary pressures

WALL STREET fell sharply yesterday after a leaked economic report showed an unexpected surge in prices at the factory gate. The National Association of Purchasing Managers monthly survey showed manufacturing activity expanding in August, with a jump in the prices component of the index to 59.8 from 54.7.

Letter `Laws' of science

Sir: David Packham's letter (13 July), defending the introduction of the sociology of science into school curricula, could only have come from an academic - one who apparently wants to bring into the GCSE classroom abstruse philosophical debate about in what sense scientific laws are "true".

Clamour to end the Third World debt gets louder

News Analysis: The G7 has agreed to write off $50bn owed by poor countries, but aid campaigners argue it is only `crumbs of comfort'
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