Bank of England ups QE by £75bn October 6, 2011 The Bank of England has raised its quantitative easing fund by £75bn. A total of £200bn had originally been earmarked for the scheme, which aims to breathe new life into the economy. The decision to expand its asset purchase programme to a total of £275bn highlights the precarious state of Britain’s economy as global growth [...]
Bank of England ups QE by £75bn October 6, 2011 The Bank of England has raised its quantitative easing fund by £75bn. A total of £200bn had originally been earmarked for the scheme, which aims to breathe new life into the economy. The decision to expand its asset purchase programme to a total of £275bn highlights the precarious state of Britain’s economy as global growth [...]
John Lewis: We will buck Xmas gloom August 22, 2011 John Lewis said it would outperform a falling retail market this Christmas, benefiting from the strength of its presence in the capital and investment, particularly in Internet shopping. Andrew Murphy, retail director at the department store chain, said UK consumers were feeling cautious and vulnerable amid government cutbacks, rising prices and fears the economy could [...]
American service sector still growing yet employment figures remain mixed October 5, 2011 GROWTH in America’s service sector held up in September, yet mixed news on jobs dampened sentiment across the pond yesterday. While the Institute for Supply Management (ISM) non-manufacturing survey came in at 53 — indicating growth — employment activity contracted for the first time since August last year. The drop in services employment was, however, [...]
Prices tumble at UK’s stores November 8, 2011 PRICE wars between supermarkets are driving down the cost of food and other items, as stores fight for the attention of increasingly squeezed shoppers. Food was half a per cent cheaper last month than in September, the British Retail Consortium (BRC) revealed this morning. Tesco has been pushing its “Big Price Drop”, while Asda’s “Price [...]
Prices tumble at UK’s stores November 8, 2011 PRICE wars between supermarkets are driving down the cost of food and other items, as stores fight for the attention of increasingly squeezed shoppers. Food was half a per cent cheaper last month than in September, the British Retail Consortium (BRC) revealed this morning. Tesco has been pushing its “Big Price Drop”, while Asda’s “Price [...]
BEAUTIFUL PEOPLE WORK HARD TO WED October 25, 2011 BACK ON the soapbox for BeautifulPeople.com, the dating service that axed 5,000 members for putting on weight last Christmas. The site has launched a “comedic” YouTube video (right) to defend its looksist agenda. “You can’t argue with millions of years of evolution,” the site’s managing director Greg Hodge told The Capitalist, speaking from an Los [...]
BEAUTIFUL PEOPLE WORK HARD TO WED October 25, 2011 BACK ON the soapbox for BeautifulPeople.com, the dating service that axed 5,000 members for putting on weight last Christmas. The site has launched a “comedic” YouTube video (right) to defend its looksist agenda. “You can’t argue with millions of years of evolution,” the site’s managing director Greg Hodge told The Capitalist, speaking from an Los [...]
We’re nearly at £300,000! December 15, 2011 We have been overwhelmed by the huge support from our readers for City A.M.’s first-ever Christmas charity appeal. After just four weeks of fundraising we are delighted to be within reach of raising £300,000 for our chosen charity, Opportunity International, which offers small loans and banking services to entrepreneurs in southern Malawi. We’re now asking [...]
In America, the shale gas revolution is creating jobs and growth. It can here too December 14, 2011 WHEN is a job not a job? Answer: when it is a green job. Jobs in an industry that raises the price of energy effectively destroy jobs elsewhere; jobs in an industry that cuts the cost of energy create extra jobs elsewhere. The entire argument for green jobs is a version of Frederic Bastiat’s broken-window [...]