Investment & Business News Headlines

The five most dangerous words: 'British jobs for British workers'

Common sense isn’t always right.

It is difficult not to agree with protestors at a giant oil refinery yesterday. “We have a growing problem in the engineering and construction industry where UK workers are being excluded from important projects. The Government must take urgent action to deal with this situation as tensions are reaching boiling point,” said Derek Simpson, joint leader of Unite.

And across the land, people munching on their breakfast, or driving to work, nod their heads in agreement. It is ludicrous to recruit workers from abroad, when there are British...Read More

Honda heralds new phase in deflation

Honda revealed plans to halt production for four months at its UK base yesterday. In some ways, it’s not a bad deal for the 3,000 workers who are affected. They will receive full pay for two months, and 60 per cent of normal pay for the remainder of the time....Read More

Posted Jan 30, 2009

House prices see another plunge, both here and over there

It’s been another busy 24 hours in the story of the Anglo-Saxon housing market crash.

Even Nationwide virtually gave up on trying to put a positive gloss on its latest figures on UK house prices. Meanwhile, according to the Bank of England there was a slight lift in mortgage approvals in...Read More

Posted Jan 30, 2009

Honda heralds new phase in deflation

Honda revealed plans to halt production for four months at its UK base yesterday. In some ways, it’s not a bad deal for the 3,000 workers who are affected. They will receive full pay for two months, and 60 per cent of normal pay for the remainder of the time....Read More

Posted Jan 30, 2009

House prices see another plunge, both here and over there

It’s been another busy 24 hours in the story of the Anglo-Saxon housing market crash.

Even Nationwide virtually gave up on trying to put a positive gloss on its latest figures on UK house prices. Meanwhile, according to the Bank of England there was a slight lift in mortgage approvals in...Read More

Posted Jan 30, 2009

Putin and Chinese premier lay into Western greed

And so, the tables turned.

Yesterday, at the World Economic Forum, Russian Prime Minister Vladimir Putin and Wen Jiabao, China’s Premier, laid into the West.

Mr Wen, from his lofty perch upon a high horse, talked about the banks’ “blind pursuit of profit” and lamented their “lack of self-discipline”. He also referred...Read More

Posted Jan 29, 2009

It really will take a generation to pay for recession

It kind of depends. It depends on what happens to growth, it depends on what happens to the future course of the rate of interest.

Here is the bad news; it seems that whatever happens, it won’t be until the 2030s that the UK public net debt as a percentage of...Read More

Posted Jan 29, 2009

UK High Street, US consumer latest

It was another busy day for data announcements yesterday.

Yesterday saw the latest revelation of the CBI’s retail barometer survey, while in the US, key indicators on US consumer confidence and house prices saw the light of day.

Last month, the CBI’s distributive trades survey was awful. Don’t fret too much, we...Read More

Posted Jan 28, 2009

Small beer, grave concerns, but maybe it was the right thing

Mandy is on the racks. Yesterday, he made his big announcement on how he was going to help the UK car industry, and unions, analysts and Tories are furious.

Tony Woodley, the joint general secretary of the union Unite, could barely contain his rage. It’s a “huge disappointment,” he said. The...Read More

Posted Jan 28, 2009

Corporate exodus begins

The proportion of companies considering leaving the UK has more than doubled since 2007, according to KPMG’s third annual survey of the UK’s tax competitiveness.

In a survey covering 50 of Britain’s largest businesses, the percentage actively considering moving their tax residence out of the UK jumped from 6 per cent...Read More

Posted Jan 27, 2009

The wind of madness blows on our future prosperity

If you were to ask people for a word to explain the collective errors that caused the economic crisis today, then it seems most would spit out the word made up of the five letters beginning with ‘G’, ending with a ‘D’, and which has an ‘R’ and two ‘Es’...Read More

Posted Jan 27, 2009

Water, water, not quite everywhere

What’s the most valuable commodity in the world?

Is it oil? No. Is it gold? No.

It’s wet, it’s runny, and it’s everywhere, and it’s called water.

In Samuel Taylor Coleridge’s famous The Rime of the Ancient Mariner, it goes like this: “Water, water, everywhere, nor any drop to drink.” Homer Simpson said it...Read More

Posted Jan 30, 2009

Water, water, not quite everywhere

What’s the most valuable commodity in the world?

Is it oil? No. Is it gold? No.

It’s wet, it’s runny, and it’s everywhere, and it’s called water.

In Samuel Taylor Coleridge’s famous The Rime of the Ancient Mariner, it goes like this: “Water, water, everywhere, nor any drop to drink.” Homer Simpson said it...Read More

Posted Jan 30, 2009

The five most dangerous words: 'British jobs for British workers'

Common sense isn’t always right.

It is difficult not to agree with protestors at a giant oil refinery yesterday. “We have a growing problem in the engineering and construction industry where UK workers are being excluded from important projects. The Government must take urgent action to deal with this situation as tensions...Read More

Posted Jan 30, 2009

IMF puts its boot in Britain, but is it deserved?

Not so long ago, the IMF was in love with Britain. Each time it released its quarterly economic global economic outlook survey, it heaped eulogy on the UK and its then chancellor, a certain G Brown.

Now the boot is on the other foot. The UK will be the worst...Read More

Posted Jan 29, 2009

IFS rushes in to defend VAT cut

Of all the measures revealed by Alistair Darling designed to kick start the economy, the one that came under the most amount of flak was the cut in VAT.

Few people seemed to have been able to see any wisdom in the move at all. It won’t make a difference,...Read More

Posted Jan 29, 2009

IMF puts its boot in Britain, but is it deserved?

Not so long ago, the IMF was in love with Britain. Each time it released its quarterly economic global economic outlook survey, it heaped eulogy on the UK and its then chancellor, a certain G Brown.

Now the boot is on the other foot. The UK will be the worst...Read More

Posted Jan 29, 2009

Why we shouldn't be yawning over yuan and dollar

Did you know that, in the 1930s, it was the countries with large balance of payments surpluses which suffered the most?

It’s bad news for Germany, Japan and China. Well, maybe not so much for Japan, which has already had a fair share of bad news, and it’s hard to believe...Read More

Posted Jan 28, 2009

Will price of oil go shooting back up again in 2010?

Here is a new word for you, or at least it’s a new word unless you are unusually savvy. The word is contango. And here is another which refers to the precise opposite: backwardation.

The first of these two words sounds like it should have been included in Queen’s Bohemian Rhapsody....Read More

Posted Jan 27, 2009

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