Christine Lagarde grovels to Osborne over IMF’s prediction June 9, 2014 IMF BOSS Christine Lagarde yesterday gave a pleading apology to chancellor George Osborne over claims a year ago that his economic policies were “playing with fire.” Since the International Monetary Fund made the claims the economy has recovered rapidly, with unemployment diving and GDP now thought to be back at its pre-crash peak. “I completely [...]
Letters to the Editor – 30/06 – Bubble-mania, World Cup, Best of Twitter June 29, 2014 Bubble-mania [Re: Are the Bank of England’s mortgage lending restrictions likely to prove ineffective? Thursday] An interesting debate, but I’m unnerved by how casually commentators and economists throw the word “bubble” around without giving much thought to what they are actually saying. Would a rise in base rates cause the housing market in London to [...]
Why genuine competition in education will pay a serious growth dividend July 2, 2014 POLITICIANS are obsessive about education, and for good reason. It offers the potential for personal flourishing and faster economic growth, all at the same time. Education secretary Michael Gove has even claimed that “the single most effective way to generate economic growth is [to] invest in human and intellectual capital – to build a better [...]
Fatal attachment: Dotmailer’s Tink Taylor talks automation, dinner parties and kitesurfing August 3, 2014 How long could you survive without email? Estimates of how many are sent globally every year range from 100bn to 200bn. And every year, dotmailer’s founder Tink Taylor gets asked the same thing: is the death of email just around the corner? It’s a question he finds laughable. Recent research by Gigaom found that 86 [...]
Bank of England’s Mark Carney – Prepare for interest rates rise June 13, 2014 Bank of England governor Mark Carney shocked markets last night by revealing that interest rates might be hiked this year – a stark turnaround from his usual position of talking down the possibility. Addressing an audience of City grandees at the annual Mansion House dinner, the 49-year-old Canadian said the Bank could start to bring [...]
What you need to know before the US open May 23, 2014 A subdued start’s expected for US markets, ahead of home sales numbers, and after European counterparts headed lower on the back of a slip in German business confidence. Stock futures inched higher this morning. All eyes will be on the new house sales numbers, due out at 3pm. The numbers are of heightened importance, given [...]
Mark Carney – Prepare for a rise in interest rates June 12, 2014 Bank of England governor Mark Carney shocked markets last night by revealing that interest rates might be hiked this year – a stark turnaround from his usual position of talking down the possibility. Addressing an audience of City grandees at the annual Mansion House dinner, the 49-year-old Canadian said the Bank could start to bring [...]
Labour wants to introduce the one policy guaranteed to make the housing crisis worse April 30, 2014 The UK’s housing crisis is no secret, and political solutions are offered two a penny. Unfortunately, Ed Miliband’s plan to limit rents is perhaps the one thing that can be relied upon to make the situation worse for Britain’s renters. At the launch of Labour’s election campaign in Redbridge, Miliband is expected to say that [...]
Labour wants to introduce the one policy guaranteed to make the housing crisis worse April 30, 2014 The UK's housing crisis is no secret, and political solutions are offered two a penny. Unfortunately, Ed Miliband's plan to limit rents is perhaps the one thing that can be relied upon to make the situation worse for Britain's renters. At the launch of Labour's election campaign in Redbridge, Miliband is expected to say [...]
Use of Help to Buy scheme picks up pace May 29, 2014 INTEREST in chancellor George Osborne’s controversial Help to Buy scheme is accelerating among buyers, even amid warnings that it is doing nothing to boost the UK’s supply of homes. Up to March, 7,313 applications for the mortgage guarantee part of the scheme had been approved. Demand was much stronger in the later months of the [...]