Even Remainers cannot deny this benefit of Brexit
It was hailed by its cheerleaders as the moment when the EU transformed itself into a genuine fiscal union, issuing...
archiveUK economy
‘Significant shortcomings’ in Bank of England’s forecasting, finds Bernanke
While his review noted this was not unique to the Bank of England, Mr Bernanke said it still risked damaging...
UK Economy Expands For Second Month
The UK economy expanded for the second straight month in February suggesting that it is set to move out of a technical recession, thanks to the rebound in manufacturing output.Real gross domestic product edged up 0.1 percent on a monthly basis in February, the Office for National Statistics said Friday. The growth for January was revised higher to 0.3 percent from 0.2 percent. Industrial production was the largest contributor to the growth in February, which climbed 1.1 percent, reversing a revised 0.3 percent fall. Within overall output, manufacturing rebounded 1.2...
Bank of England’s Greene cautions against early interest rate cuts in UK
Bank of England policy maker Megan Greene said interest rate cuts “should still be a way off” in the UK, helping to fuel a shift in markets away from anticipating a sharp drop in borrowing costs.The remarks in the Financial Times signal that Greene is tilted toward the hawkish side of the BOE’s nine-member Monetary Policy Committee. She warned that Britain can’t yet declare victory in reining in inflation even though those forces have receded in recent months.“The risk of inflation persistence is diminishing as these indicators come down in...
UK ‘trapped’ in state of stagnation amid fears recession will drag on
Britain’s small and medium sized businesses have not seen any sign of an economic rebound so far this year, raising...
US inflation jump dents rate cut hopes
5 things to start your day 1) Biggest North Sea oil find in decades to be drilled for first time |...
Lloyds cuts risk management roles in bid to ‘move at greater pace’
Lloyds is cutting risk management jobs after concluding that its overly cautious approach is holding back growth.Roles are to be...
Slash benefits to get more men into work, IMF urges
“Reduced unemployment benefits and lower labour taxes are associated with higher participation for men of prime working age,” the IMF...
Britain’s financial watchdog has become an unaccountable elite
It has destroyed confidence with the imposition of ever-evolving obstruction of regulated firms, entrepreneurs and investors with new layers of...
Pensions giant to create UK superfund in boost for Hunt
Smaller funds traditionally do not have the financial firepower to tap into these investments because of the higher costs charged...
