Archive: Economy And Finance

Markit: Take figures with pinch of salt

Chris Williamson, director of Markit, comments on new economic figures:

TUC: Osborne's plan going horribly wrong

Markit: Downward inflation trend has begun

Ippr: Austerity and eurozone to blame

TUC: Osborne's plan going horribly wrong

TUC general secretary Brendan Barber comments on new economic figures:

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Ippr: Austerity and eurozone to blame

IPPR chief economist Tony Dolphin comments on new economic figures

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Revealed: Middle earners' 6% fall in income

"Someone earning £33,000 this year has seen their real income fall by six per cent over the last 12 months."

The average real income of those earning £33,000 a year fell by six per cent during 2011, according to a figure released in advance of new research by Demos, the political think tank.

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PM vows 'no climbing down' over pensions clash

Prime minister in no mood for compromising with unions

The government will remain "very firm" in the face of union strikes over public sector pensions, David Cameron has said.

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Jobs boost for ministers as unemployment falls

Unemployment figures reveal welcome news for the government

The largest three-month fall in unemployment since 2000 will help distract ministers from looming strikes over public sector job cuts.

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Coalition moves to split up banks

Ring-fencing will split banks' retail and investment arms

The government's big response to the 2008 banking crisis is to be confirmed by chancellor George Osborne later.

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Sparks fly as coalition clashes with unions

Manufacturing union GMB's members heckled Vince Cable this morning

Coalition ministers are refusing to back down despite attacks from trade unions on a number of fronts.

IMF comes to Osborne's rescue

George Osborne won't give in to critics over his deficit reduction plan. Photo: www.politicalpictures.co.uk

The negative impact of harsh spending cuts on Britain's economic growth is only "temporary", the International Monetary Fund (IMF) has said.

30-year stagnation for low incomes

A livelihood crisis has been brewing for 30 years

Low and middle income earners have been in a livelihood crisis for three decades, according to a report published today.

Time for a Plan B: Economists turn against Osborne

Looking over your shoulder: Economists turn against Osborne.

George Osborne found himself increasingly isolated today as a small army of economists demanded he back down over his deficit reduction plan.

Darling prefers Lagarde for IMF

Alistair Darling has backed Christine Lagarde, not Gordon Brown, to take over at the IMF

Gordon Brown's chancellor has backed France's Christine Lagarde to take over at the International Monetary Fund (IMF).

Put brakes on spending cuts, OECD tells Osborne

Time to slow down, according to the OECD's chief economist

The pace of spending cut should be slowed down, a major international thinktank has said.

American food company treats parliament 'with contempt'

Kraft was criticised for closing its Somerdale factory

Kraft, the American food manufacturer whose hostile bid for Cadbury upset many consumers in Britain, has been accused of treating parliament with "contempt".

Brown 'greatest candidate for IMF'

Brown is widely respected in international financial circles

Gordon Brown is the greatest candidate running to become head of the IMF, according to the former president of the World Bank.

Unemployment falls in boost for coalition

Unemployment is down, but experts say consumer spending will remain shaky

A second consecutive quarterly drop in unemployment will be welcomed by ministers in Whitehall.

TV star to advise on saving the high street

Death of the high street? Local campaigners warn that the recession and large companies are making it impossible for small independent businesses to survive.

The presenter of the Mary Queen of Shops programme has been drafted in to lead a review into the future of the high street.

Economists warn of worst fall in living standards for 30 years

Bad news for shoppers: Living standards are expected to plunge this year

The average British family may be about to experience the worst fall in living standards for 30 years, a respected economics think tank has said.

Osborne 'pigheaded' over economy

George Osborne faces criticism from Unite's Len McCluskey

The chancellor's economic policies are relying too heavily on the private sector, according to Unite's general secretary.

Unions warn of 'sustained war'

A riot policeman looks on as violent protests take place against spending cuts last month

The government should prepare itself for "sustained war" with the trade union movement as austerity Britain starts to bite, leaders have warned.

Economy shakes off double-dip threat

The economy returned to growth in the first three months of 2011 but has failed to reach official expectations, figures show.

Brown hits Scottish campaign trail

Gordon Brown was appointed to head a new policy board at the World Economic Forum.

Former prime minister Gordon Brown has hit the campaign trail in Scotland, as the election enters the critical final two-week stretch.

Treasury 'lacks will' to take on banks

The Treasury was unwilling to impose sanctions on publically-owned banks like Lloyds.

The Treasury lacks the will to force banks to lend, an influential committee of MPs has found.

Lib Dems on north-east local election defensive

Lib Dems face a Labour challenge in Newcastle-Upon-Tyne

Ed Miliband and Nick Clegg have traded allegations about misleading voters as their parties fight for votes in the north-east.

'Ringfencing' the customers: Bankers escape retail-investment split

Lloyds has around 30% of UK current accounts, after its HBOS acquisition

Banks' retail banking and investment banking divisions should not be split into "wholly separate firms", a major review of the financial sector has said.

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