Money supply growing again February 18, 2010 THE supply of broad money (M4) in the UK economy grew 0.6 per cent last month but lending remained flat, provisional data from the Bank of England showed yesterday. M4 lending grew just 0.1 per cent in January and lending excluding the effects of securitisations stagnated. The annual growth rate of broad money lending fell [...]
E&Y forecast warns of hard times to come January 24, 2010 UK companies should brace themselves for “a bumpy recovery”, despite a fall in the number of profit warnings in the final quarter of 2009, says a report from accountants Ernst and Young. While only 50 companies issued profit warnings in the fourth quarter, the lowest level in six years, this year is expected to be [...]
Private pay is stagnating as public soars January 20, 2010 PRIVATE sector pay is stagnating while public sector workers have received above-inflation pay rises, separate reports revealed yesterday. The Office for National Statistics (ONS) said average earnings in the private sector fell by 0.1 per cent in the three months to November from a year earlier. By contrast, pay in the public sector rose by [...]
CAMERON WARNS OF EMERGENCY BUDGET November 22, 2009 AN incoming Conservative government plans to hold an “emergency budget” to tackle the country’s record budget deficit within 50 days if it wins the next general election. Tory leader David Cameron said yesterday that the emergency budget would be about “about getting the deficit under control”. “But it should also be a budget that goes [...]
Mervyn King’s gilts move very welcome July 9, 2009 IT was a brave decision – and one few thought the Bank of England would choose to make. Its decision not to increase its quantitative easing target from £125bn to £150bn, contrary to what was widely expected, must mean that it is confident the economy is starting to grow again or is at least stagnating; [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 17, 2009 THE SUNDAYSTHE SUNDAY TELEGRAPHINDEPENDENT BEGS A MONTH TO SORT OUT DEBTIndependent News & Media (INM) is close to a standstill pact with its bondholders which would give the company a month’s breathing space to reorganise its debt. The future of the owner of The Independent newspaper has been in serious doubt after the group failed [...]