REPORT: EU DRIVES UP FOOD PRICES February 27, 2012 The EU’s farming subsidies push up food prices and push down production, according to a report out today from the Institute for Economic Affairs. The Common Agricultural Policy’s budget stands at €55bn (£46.5bn) this year and is set to hit €63bn by 2020, supporting inefficient farms and increasing land prices, the IEA said. Picture: GETTY
Inflation fears as tax on pasties bites March 28, 2012 GEORGE Osborne’s pasty tax and other hikes in VAT will push up the cost of living even further, according to official figures out yesterday, while new data suggests higher wages could also be about to stoke inflation. The tax on hot food sold in retail outlets, along with higher duties on fuel, cigarettes and alcohol, will [...]
Top six trading mistakes April 2, 2012 1 NOT MAKING A PLAN Treating your trading platform like a computer game and attempting to trade on the fly is perhaps the most fun way of approaching the markets, and certainly avoids the drudgery of fundamental and technical analysis, but it is probably also the fastest and most efficient way of zeroing your account [...]
Time for a few home truths about Britain’s housing crisis April 10, 2012 EVERY so often, a piece of research comes along which is a must-read. A document yesterday from the Institute of Economic Affairs is one such report: it reveals in no uncertain terms why house prices are so high in the UK, and what needs to be done to ensure that generations of young people are [...]
Time for a few home truths about Britain’s housing crisis April 10, 2012 EVERY so often, a piece of research comes along which is a must-read. A document yesterday from the Institute of Economic Affairs is one such report: it reveals in no uncertain terms why house prices are so high in the UK, and what needs to be done to ensure that generations of young people are [...]
Plan B would risk another recession, coalition is told December 11, 2011 A “PLAN B” involving higher government spending would risk pushing the UK into another recession, the Institute of Economic Affairs (IEA) will argue today. The costs of servicing even greater government debt levels would prompt higher taxes towards the end of the parliamentary term, the think tank will warn chancellor George Osborne. “We must resist [...]
Plan B would risk another recession, coalition is told December 11, 2011 A “PLAN B” involving higher government spending would risk pushing the UK into another recession, the Institute of Economic Affairs (IEA) will argue today. The costs of servicing even greater government debt levels would prompt higher taxes towards the end of the parliamentary term, the think tank will warn chancellor George Osborne. “We must resist [...]
Oil’s recent surge may sink in sands February 20, 2012 TRADERS looking at the recent actions of the theocracy of Iran – which confirmed its ban on the sale of crude oil to the UK and France on Sunday – might be forgiven for assuming that the escalating tensions between it and the West are going to be the biggest factor impacting the price of [...]
There was some good news in this timid Budget but we need a strategy for growth March 21, 2012 IT’S hard to work out where George Osborne draws his lines in the sand. But, in so far as he draws them anywhere, yesterday’s Budget indicates he doesn’t always draw them in the right places. So, while there were some welcome steps in taxation policy, it seems nearly impossible to detect a coherent strategy. Initially, [...]
Opec’s top official urges IEA to halt its oil release June 27, 2011 THE International Energy Agency (IEA) order to release emergency oil stocks should be halted immediately, Organisation of the Petroleum Exporting Countries’ secretary general said yesterday at the end of cooperation talks with the EU. Years of producer-consumer harmony have come under threat after the IEA last week ordered the release of 60m barrels of oil [...]