Italy takes EU lead on debt reduction May 16, 2010 ITALY is set to follow in Greece’s footsteps by being subjected to tough austerity measures to curb its ballooning deficit, the country’s economy minister said yesterday. Giulio Tremonti told the Italian Il Corriere della Sera newspaper that the austerity package, worth €27.6bn (£23.5bn) over the next two years, would include measures similar to those announced [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
Data boosts hopes that UK slump is over January 6, 2010 HOPES that the UK recession ended in the last quarter of 2009 were boosted yesterday by service sector data for December showing the strongest growth in new orders in over two years. The latest survey of purchasing managers in services companies, the so called “engine room of the UK economy”, showed activity edged up to [...]
Think-tank: CGT hike won’t make tax fair June 3, 2010 A LEADING economic think tank has rubbished the coalition government’s claims that proposals to alter capital gains tax (CGT) would improve the fairness of the UK’s tax policy. Business secretary Vince Cable yesterday told the Commons that the reforms would “lift very large numbers of low-earners out of tax” and “make the tax system fairer”. [...]
Think-tank: CGT hike won’t make tax fair June 3, 2010 A LEADING economic think tank has rubbished the coalition government’s claims that proposals to alter capital gains tax (CGT) would improve the fairness of the UK’s tax policy. Business secretary Vince Cable yesterday told the Commons that the reforms would “lift very large numbers of low-earners out of tax” and “make the tax system fairer”. [...]
UK rates need to start rising May 26, 2010 THE Bank of England will need to raise interest rates to 3.5 per cent by the end of next year if it is to preserve its inflation-fighting capabilities, the Organisation for Economic Cooperation and Development (OECD) warned yesterday. The Paris-based think-tank, which represents 31 of the world’s developed economies, said: “The gradual drift up of [...]
UK rates need to start rising May 26, 2010 THE Bank of England will need to raise interest rates to 3.5 per cent by the end of next year if it is to preserve its inflation-fighting capabilities, the Organisation for Economic Cooperation and Development (OECD) warned yesterday. The Paris-based think-tank, which represents 31 of the world’s developed economies, said: “The gradual drift up of [...]
…AS MERKEL BASHES BANKS May 20, 2010 ANGELA Merkel yesterday made an impassioned plea for a “signal of strength” from world leaders and insisted that the time had come to agree on tougher regulations for banks and financial markets. Speaking in Berlin, ahead of today’s EU talks on measures to shore up the plunging euro, the german chancellor promised to campaign for [...]
US needs support to stop jobs crisis: Obama economist May 16, 2010 The US economy has begun to climb out of the worst downturn since the 1930 Great Depression but still needs additional steps by the federal government to stem a crisis in the job market, a senior economic adviser to President Barack Obama said yesterday. “What we need now is not the withdrawal of support, but [...]