Investment & Business News Headlines

The poisoned chalice, the 6p hike in income tax, and the way out of trouble

The governor of the Bank of England has said that the UK economy is in such a state that whoever wins the next election will be condemned to electoral defeat for a generation – allegedly. The National Institute of Economic and Social Research (NIESR) has said that in order to grapple with the fiscal deficit, basic income tax rates will have to rise by 6p in the pound. But there is a way the UK can get out of economic jail.

The Good Doctor Mervyn King has not made it...Read More

Obama wins round one as resistance to financial reform wilts on Goldman suit

What’s really going on with Goldman Sachs and its law suit? The bank has been shaken to its core, and yet, were its practices really illegal? – that seems dubious. Maybe what we are really seeing is something quite different and much more far reaching. Maybe what we are...Read More

Posted Apr 29, 2010

The poisoned chalice, the 6p hike in income tax, and the way out of trouble

The governor of the Bank of England has said that the UK economy is in such a state that whoever wins the next election will be condemned to electoral defeat for a generation – allegedly. The National Institute of Economic and Social Research (NIESR) has said that in order...Read More

Posted Apr 30, 2010

Will Greek contagion spread to UK?

Will Greek contagion spread to UK? The crises has been compared to Ebola. One guru said Greece is tip of iceberg. And warned the UK could follow

Whilst Gordon Brown was busy destroying his electoral hopes yesterday, turning a successful chat with a member of the public into a...Read More

Posted Apr 29, 2010

Greek contagion - is it Lehman Brothers 2?

Greek debt is relegated to junk status. Portugal sees its credit rating downgraded. Shares across the world fall. All that glistens is gold. Where will it all end? Is it Lehman Brothers all over again?

“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of...Read More

Posted Apr 28, 2010

Entrepreneurs cheer up

Hope comes out of the woodwork, and comes courtesy of entrepreneurs. So suggests a new report from Hiscox, entitled: DNA of an entrepreneur. For once it is good news, and points to an economic revival driven by entrepreneurs.

The study was carried out in the UK, Germany, France and the...Read More

Posted Apr 27, 2010

The cost of hung parliament

Will a hung parliament really be economic disaster?

The press is full of scare stories about how a hung parliament will cost us dear. The Telegraph in its normal, balanced fashion told us a hung parliament will cost households £5,000, because the result of a three-way vote will be markets taking...Read More

Posted Apr 26, 2010

ONS could influence the election with irrelevant data

The first estimate of GDP in Q1 was released this morning; it was disappointing, and could have a big impact on the election. It is a shame – the data is almost certainly wrong and way too pessimistic.

Three months ago, the ONS released its first estimate of...Read More

Posted Apr 23, 2010

US double dip threatens

Those who fear inflation is set to take off have some explaining to do, considering the latest news on US producer prices. Meanwhile, the chances of a second dip in US house prices, possibly sparking off another recession, grows.

US producer prices rose by 0.7 per cent in March. That may...Read More

Posted Apr 23, 2010

Brazil and India turn on China, as IMF predicts Indian and Brazilian boom

Now India and Brazil have called on China to appreciate the yuan. China dismisses their calls. Meanwhile, according to IMF projections India is closing in on China for topping the growth league.

China doesn’t like it; “It smacks of protectionism,” said China, in a strange attempt to prove black equals...Read More

Posted Apr 22, 2010

Airlines accuse authorities, but they are just as guilty

Airlines accuse authorities of imposing an air travel ban needlessly. If only authorities had done their homework, the chaos of the last few days could have been avoided – or so they say. Alas, for the airlines the criticism is all too easy to make, but look closer and you...Read More

Posted Apr 22, 2010

Will Greek contagion spread to UK?

Will Greek contagion spread to UK? The crises has been compared to Ebola. One guru said Greece is tip of iceberg. And warned the UK could follow

Whilst Gordon Brown was busy destroying his electoral hopes yesterday, turning a successful chat with a member of the public into a...Read More

Posted Apr 29, 2010

Obama wins round one as resistance to financial reform wilts on Goldman suit

What’s really going on with Goldman Sachs and its law suit? The bank has been shaken to its core, and yet, were its practices really illegal? – that seems dubious. Maybe what we are really seeing is something quite different and much more far reaching. Maybe what we are...Read More

Posted Apr 29, 2010

Greek contagion - is it Lehman Brothers 2?

Greek debt is relegated to junk status. Portugal sees its credit rating downgraded. Shares across the world fall. All that glistens is gold. Where will it all end? Is it Lehman Brothers all over again?

“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of...Read More

Posted Apr 28, 2010

Entrepreneurs cheer up

Hope comes out of the woodwork, and comes courtesy of entrepreneurs. So suggests a new report from Hiscox, entitled: DNA of an entrepreneur. For once it is good news, and points to an economic revival driven by entrepreneurs.

The study was carried out in the UK, Germany, France and the...Read More

Posted Apr 27, 2010

Regulator declares cultural war against Wall Street

Was it simply perverse? Investment banks were designing bonds especially, or so it appears, for the purpose of betting against them. Has Wall Street evolved to such a level that its interests are now diametrically opposed to the interests of the rest of the economy? One famous guru reckons this...Read More

Posted Apr 27, 2010

Spring is in the air, but don’t believe the green shoots

Goldman Sachs strikes back; IMF paratroopers bail out over Greece; the media celebrate soaring house prices; and also tell us the UK has avoided a double dip recession. The four big stories of the weekend are related. This is what happened, and why a lot of hogwash has been...Read More

Posted Apr 26, 2010

Greece comes a-cropper-olis

Uh oh. News on Greek debt went from bad, to worse, to really bad yesterday. Will the UK follow suit?

The bad news was supplied by those tiresome statisticians Eurostat, which only came along and revised its figures for Greece’s fiscal deficit for 2009 from 12.7 to 13.6 per cent...Read More

Posted Apr 23, 2010

IMF sounds new warning, as it turns on banks

The IMF frets over mounting government debts, and revises downwards – yes, that’s downwards – estimates of total bank write-downs, but adopts a new anti-bank plan designed to kill bonuses and make banks pay for their recklessness.

It’s a funny thing, but most people think of the IMF as...Read More

Posted Apr 21, 2010

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