Investment & Business News Headlines

UK house prices begin second dip

Yet more evidence that UK house prices have begun to fall again has emerged over the last few days with surveys from the Bank of England, Nationwide and Hometrack all pointing down. The question is, how deep will the falls be this time?

The latest data from the Bank of England was pretty clear. Mortgage lending for house purchases fell by 3.7 per cent in June and has now been down for four months in row. Approvals for house purchase are now 6 per cent lower than a year ago.

Meanwhile, Hometrack...Read More

The population shift: some hard facts

Of course, there is nothing factual about projecting the population. Forecasting population growth, just like predicting economic growth, is something of a guessing game. But maybe it is more accurate than most forms of forecasting. After all, armed with information about birth and death rates, and immigration policy, one can...Read More

Posted Jul 30, 2010

UK house prices begin second dip

Yet more evidence that UK house prices have begun to fall again has emerged over the last few days with surveys from the Bank of England, Nationwide and Hometrack all pointing down. The question is, how deep will the falls be this time?

The latest data from the Bank of England...Read More

Posted Jul 30, 2010

Cable calls for more immigration: is he right?

It couldn’t have been worse timing. Vince Cable calls for a more flexible immigration policy, and then a report comes out predicting the UK’s population will rise from 62 million today to 77 million by 2050. And yet it was good timing, too, because yesterday saw the announcement that the...Read More

Posted Jul 30, 2010

The credit crunch may be over

With talk that the US will suffer a second dip; with the crisis in the eurozone still bubbling beneath the surface; and with British banks coming under the spotlight again for not lending enough; it is tempting to conclude that all we have to look forward to is woe on...Read More

Posted Jul 30, 2010

Mervyn King, and the hornets' nest.

Mervyn King, Governor of the Bank of England, has been busy stirring up a hornets’ nest. Actually, maybe it would be more accurate to say several hornets’ nests. He has slammed banks, left Nick Clegg with a lot of explaining to do, and sounded a bleak warning over the economy.

This...Read More

Posted Jul 29, 2010

The great banking experiment. What matters most: price or service?

It is time for the British public to put their money where their mouth is. Today saw the first launch of a High Street bank in 100 years. And it offers all the services we have berated banks for not offering. But it comes at a price. Will the public...Read More

Posted Jul 29, 2010

US double dip: evidence mounts

Evidence that a US double dip recession is looking more likely came in four helpings yesterday. Although, in a funny kind of way, it may not be bad news in the long run.

Helping number one came in the shape of the latest figures on US consumer confidence. You may recall,...Read More

Posted Jul 28, 2010

BP losses enter the stratosphere, as failed boss gets payday and eyes look towards Russia and Libya

And so it was that BP revealed one of the biggest corporate losses in history, fired its boss, and at the same time rewarded him with a bumper pension. Is this another example of reward for failure? Actually, there is more than a touch of irony about how things have...Read More

Posted Jul 27, 2010

Cameron flies the flag

The shambolic banking stress tests say it all. The eurozone is stuck in the lane marked denial. If the UK is going to expand it needs to look beyond Europe, which is why David Cameron’s tour east is so interesting.

The National Institute of Economic and Social Research reckons we will...Read More

Posted Jul 27, 2010

Consumption recession has got another five years to run

According to the latest report from the National Institute of Economic and Social Research, we will have to wait until 2015 before consumer spending per person reaches its pre-recession peak. This was perhaps the most interesting of NIESR’s latest forecasts. But what else did it have to say, and if...Read More

Posted Jul 27, 2010

Cable calls for more immigration: is he right?

It couldn’t have been worse timing. Vince Cable calls for a more flexible immigration policy, and then a report comes out predicting the UK’s population will rise from 62 million today to 77 million by 2050. And yet it was good timing, too, because yesterday saw the announcement that the...Read More

Posted Jul 30, 2010

The population shift: some hard facts

Of course, there is nothing factual about projecting the population. Forecasting population growth, just like predicting economic growth, is something of a guessing game. But maybe it is more accurate than most forms of forecasting. After all, armed with information about birth and death rates, and immigration policy, one can...Read More

Posted Jul 30, 2010

The credit crunch may be over

With talk that the US will suffer a second dip; with the crisis in the eurozone still bubbling beneath the surface; and with British banks coming under the spotlight again for not lending enough; it is tempting to conclude that all we have to look forward to is woe on...Read More

Posted Jul 30, 2010

Mervyn King, and the hornets' nest.

Mervyn King, Governor of the Bank of England, has been busy stirring up a hornets’ nest. Actually, maybe it would be more accurate to say several hornets’ nests. He has slammed banks, left Nick Clegg with a lot of explaining to do, and sounded a bleak warning over the economy.

This...Read More

Posted Jul 29, 2010

Should BP pay for damage caused by its bad PR?

Here is your question, or is that questions, of the day: if the spilled oil from BP’s oil rig never actually reaches the Florida coast, but the state tourist industry suffers anyway because of all the publicity, should BP still be held responsible? Supposing BP is cleared of all charges...Read More

Posted Jul 29, 2010

Not even the IMF can make up its mind over China and the yuan

As you know, China’s policy of keeping the yuan down relative to the dollar is the cause of all economic ills. At least that’s what some of the more paranoid US politicians would have you believe.

This is a tad ironic, because it seems that the IMF can’t even make...Read More

Posted Jul 28, 2010

What's that – good news from the Gulf of Mexico?

New boss, and already things are looking better at BP. Yesterday, amidst all the bleak talk of its massive loss, some good news was all but missed. In fact, it may have been just about the best bit of news on BP for a very long time.

Before we tell you...Read More

Posted Jul 28, 2010

Cable reveals plans for local stock exchanges. His critics miss the point

Vince Cable is pushing the button marked finances for small and medium sized companies. Yesterday he and his good chum George Osborne revealed a new paper outlining ideas to deal with the problems businesses face in raising finance. And Vince’s idea of regional stock exchanges, first mooted before the election,...Read More

Posted Jul 27, 2010

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