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. The former prime minister David Cameron two years ago coined the phrase “jobs miracle” to describe Britain’s economic recovery: an expression that has stuck among defenders of Conservative economic policy. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:05:01 AM
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Latest Finance News related to Economic Recovery

A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
. The former prime minister David Cameron two years ago coined the phrase “jobs miracle” to describe Britain’s economic recovery: an expression that has stuck among defenders of Conservative economic policy. ...
Fixing America's failing infrastructure won't be easy, despite Trump's pledge image
....”. Rocky Moretti, the policy director of Trip, a transportation research organization headquartered in Washington DC, said that post-recession economic recovery has brought increased vehicle travel, placing additional strain on roads – urban ones in particular. ...
'Cheesegrater' building sold to Chinese investors for £1.15bn image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:24:33 PM
....CC Land bought Vodafone's Paddington Headquarters for £290m in January. "British Land and Oxford Properties took a bold step at the early stages of the UK's economic recovery to develop The Leadenhall Building to generate a high-quality, long-term income stream," said Tim Roberts, the head of offices and residential at British Land. ...
London's 'Cheesegrater' sold to Chinese tycoon for more than £1bn image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:51:54 PM
....9m Trellis tower at 1 Undershaft, which will be almost as high as the Shard – the tallest building in western Europe. Tim Roberts, head of offices and residential at British Land, said: “British Land and Oxford Properties took a bold step at the early stages of the UK’s economic recovery to develop the Leadenhall Building to generate a high-quality, long-term income stream. ...
Greece has three weeks to deal with 'potentially disastrous' debt image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:07:40 PM
.... Short of debt re-profiling by EU member states, the board may decide the IMF cannot join the latest rescue progamme agreed with eurozone partners in 2015. If that happens, the European Central Bank would be unable to include Greek bonds in its bond buying programme, also seen as key to the country’s economic recovery as it would allow it to test its borrowing skills on international markets. ...
UK economy is overheating and veering towards stagflation image
Source : Guardian [Read Article] Monday 16th of January 2017 07:00:17 AM
.... These “emergency” measures, now in place for over eight years, have kept the economy on life support by subsidising a huge expansion of debt, public and private, and the associated property bubble. They have not created the necessary conditions for a truly self-sustaining economic recovery. ...
US 'car tsar' Steve Rattner: Obama deserves high marks image
Source : BBC [Read Article] Thursday 12th of January 2017 05:41:02 PM
....Bailing out a struggling car industry in 2009 prevented the loss of "at least a million jobs", says Mr Rattner, and possibly saved the Ford motor company. "On balance you have to give the president a lot of credit for the economic recovery that we've had since the spring of 2009," he tells the BBC's Michelle Fleury. ...
FTSE 100 ends 2016   at all-time high after surge in    dollar earners image
Source : Guardian [Read Article] Friday 30th of December 2016 01:30:19 PM
....Gold rose 9% after three years of decline, benefitting from its status as a haven for investors during the political and economic uncertainty earlier in the year, although it lost some of its lustre as December approached. Brent crude prices jumped nearly 53%, both on signs of economic recovery but mainly due to a long-awaited agreement between Opec and other oil producers to curb output. ...
Tsipras’s spending spree may be relief to Greeks but it won’t end crisis image
Source : Guardian [Read Article] Saturday 17th of December 2016 04:00:26 PM
....But, inexorably, the next act has already begun. Seven years after the scale of its deficit was revealed, prompting the first of three bailouts to avert bankruptcy, Greece is nowhere near economic recovery. ...
Oil price surges as Opec and non-Opec members agree deal to cut output image
Source : Guardian [Read Article] Monday 12th of December 2016 10:23:31 AM
....“It is very likely that US shale producers will take advantage of this opportunity to ramp up their crude output once again but this will be a worry for another day. “On top of the now-favourable supply-side dynamics, the global economic recovery is continuing at a steady pace, especially in the US. ...
ECB surprises markets by scaling back QE programme image
Source : Guardian [Read Article] Thursday 8th of December 2016 02:12:11 PM
.... Look at what is happening with the emerging market economies,” he told reporters. He also echoed other central bankers, including Mark Carney at the Bank of England, as he repeated calls for governments to play a bigger role in driving economic recovery with moves such as improvements to infrastructure and productivity. ...
Study finds 7m Britons in poverty despite being from working families image
Source : Guardian [Read Article] Wednesday 7th of December 2016 12:01:15 AM
.... If the costs of disability are taken into account, half of those in poverty are either disabled or living with a disabled person. Overall poverty levels have remained flat since 2010, in part because of a general economic recovery, according to the study carried out by the New Policy Institute, which researches issues connected to poverty and housing. ...
Greece must reform or leave eurozone, says German minister image
Source : Guardian [Read Article] Sunday 4th of December 2016 04:29:20 PM
....”. Schäuble, who also asserted the Greek budget was not burdened by debt servicing because interest rates were now so low, made the comments as speculation mounted over how best to put the thrice-bailed-out nation back on the road to economic recovery. ...
Consumer and business confidence tumbles in November, surveys find image
Source : Guardian [Read Article] Wednesday 30th of November 2016 12:01:02 AM
....Consumer and business confidence tumbled in November amid concerns the UK economy would struggle to grow after a post-referendum slowdown, two surveys have found. Consumers were “resolutely gloomy” and viewed the economy with increasing despondency, while a broad range of businesses said they were worried the economic recovery after the Brexit vote was starting to recede. ...
Federal Reserve hints at interest rate hike in December image
Source : Guardian [Read Article] Thursday 17th of November 2016 02:22:57 PM
....5% – the first interest rate rise in seven years. Yellen said she intended to see out her full term at helm of the Fed until January 2018, despite Trump repeatedly calling for her to leave the position early due to her hesitancy to raise rates, which he claims has been artificially slowing down the economic recovery. ...
Barack Obama raises possibility of debt relief on final Greece visit image
Source : Guardian [Read Article] Tuesday 15th of November 2016 07:24:05 PM
. The outgoing US president, Barack Obama, has used his final trip to Europe to call for action to put Greece on a path to “durable” economic recovery, including the possibility of debt relief. ...
Bonds sell-off continues as investors bet on rate rise image
Source : BBC [Read Article] Monday 14th of November 2016 12:45:59 PM
...."There are signs that higher bond yields and the knock of a stronger US dollar are having a domino impact, taking down the weakest risky assets first, before moving on to the next," said Deutsche's global co-head of foreign exchange, Alan Ruskin. And a senior European Central Bank (ECB) official has warned that the uncertainty caused by sudden swings in the financial markets threatened economic recovery. ...
Japan economy: Exports help faster-than-expected growth image
Source : BBC [Read Article] Monday 14th of November 2016 01:00:24 AM
....However economists were largely disappointed with both its scope and likely impact. And last month Japan's central bank again pushed back the timeline for hitting its 2% inflation target to March 2019 - a move that raised more questions about the country's economic recovery. ...
Employees £3,500 a year worse off under Tories, says Labour image
Source : Guardian [Read Article] Monday 14th of November 2016 12:01:32 AM
.... Labour will use slow wage growth as a key argument against plans to cut universal credit, which Hammond is being urged to reverse in his autumn statement on 23 November. Damian Green, the work and pensions secretary, has said the government will not make any more immediate welfare cuts after the UK’s vote to leave the EU in order to focus on economic recovery, but said cuts already announced would go ahead as planned. ...
Barack Obama calls for 'meaningful debt relief' for Greece image
Source : Guardian [Read Article] Sunday 13th of November 2016 07:39:08 PM
....“That is why I will continue to urge Greece’s creditors to take the steps needed to ensure the country is well placed to return to robust economic growth, including by providing meaningful debt relief,” he said in the interview. “Getting that done would not only fuel the Greek economic recovery, it would show that Europe can make its economy work for everyone. ...
Greek prime minister reshuffles cabinet to boost bailout reforms image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:39:13 PM
.... Tsipras said reform negotiations had to be concluded by 5 December so that eurozone finance ministers, holding their last meeting this year, could begin debating how best to cut the country’s debt. At over €320bn (£285bn), Greece’s debt pile is regarded as its biggest impediment to economic recovery. ...
ECB to discuss future of bond buying scheme in December image
Source : BBC [Read Article] Thursday 20th of October 2016 02:09:04 PM
....". Commenting on the European economy, Mr Draghi said: "The economic recovery in the euro area is expected to be dampened by still subdued foreign demand, the necessary balance sheet adjustments in a number of sectors and sluggish pace of implementation of structural reforms. ...
Productivity puzzle image
Source : BBC [Read Article] Thursday 6th of October 2016 11:24:03 AM
....The UK has only just pushed productivity per hour worked above its pre-crisis levels, according to Thursday's figures from the Office for National Statistics. There has been a steady economic recovery since the financial crisis, but it has been driven by longer hours and more people working. ...
IMF warns of financial stability risks image
Source : BBC [Read Article] Wednesday 5th of October 2016 12:46:50 PM
....Weak profitability makes it harder for them to build up their capital (which they can do by holding on to some profit rather than giving it all to shareholders as dividends). It also makes it harder for them to expand lending to business and consumers, as is needed to support economic recovery. ...
IMF warns of hit to UK economic growth image
Source : BBC [Read Article] Tuesday 4th of October 2016 01:01:59 PM
....6% this year and next, unchanged from its pre-referendum forecast. The indifferent economic recovery after the global financial crisis has been a persistent theme in the Fund's regular World Economic Outlook reports. ...
Bank of Japan alters policy to spur growth image
Source : BBC [Read Article] Wednesday 21st of September 2016 06:32:16 AM
.... . But the negative interest rate policy was considered a failure by some in Japan's financial circles because it pushed the Japanese yen higher against the US dollar, making the price of Japanese goods more expensive overseas, which threatened Japan's economic recovery. ...
'New era' image
Source : BBC [Read Article] Friday 2nd of September 2016 08:52:08 AM
....Since February, when Ms Rousseff's impeachment began to look more likely as she started losing a grip on her allies, Brazil's currency gained 24% in value and markets soared 37%. Paulo Skaf, the leader of Brazil's powerful industry association Fiesp, acknowledges that nothing has yet changed fundamentally in the economy, but he says a return of investment confidence is often the first sign of economic recovery. ...
Pushed out image
Source : BBC [Read Article] Thursday 25th of August 2016 11:12:02 PM
...."In the suburbs, there are more jobs in retail, manufacturing and construction that may not pay as well," says Ms Kneebone. "In the early days of the economic recovery we were counting jobs, but it's clear that we need to look at what jobs, how good they are, how much they pay and where are they located. ...

Too much regulation will choke the economic recovery 
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Source : Telegraph [Read Article] Friday 12th of August 2016 08:33:58 PM
...
Related to :

Forget QE. Theresa May should cut taxes if she wants to drive growth
 image
Source : Telegraph [Read Article] Thursday 11th of August 2016 06:33:22 PM
.... This asset boom has disfigured the UK economy, leaving young people in despair of every being able to own a house – unless inheriting one from their parents. It’s this kind of despair that undermines the idea of a shared economic recovery: growth, but for whom? A generation has come to accept that they’d be worse off than their parents. ...
Return on UK government bonds turns negative image
Source : BBC [Read Article] Wednesday 10th of August 2016 10:04:55 AM
....The British economy is facing a huge potential problem - a liquidity trap. It may sound like something under your kitchen sink but it's standing in the way of an economic recovery. ...
Ford profits fall as it warns on US economic risks image
Source : BBC [Read Article] Thursday 28th of July 2016 03:35:56 PM
....The company said that sales in the US and China were lower than anticipated in the quarter, and Ford also announced its first quarterly loss in Asia Pacific for three years. Chief financial officer Bob Shanks said the US economic recovery was "maturing," a development which would hinder sales growth later this year. ...
Brexit heightens global economic risks, says G20 image
Source : BBC [Read Article] Sunday 24th of July 2016 08:17:51 AM
....On Sunday IMF managing director Christine Lagarde said the G20 had taken place at a time of "political uncertainty from the Brexit vote and continued financial market volatility". In a statement the G20 finance officials said the global economic recovery was continuing "but remains weaker than desirable". ...
Financial markets have 'weathered' Brexit uncertainty image
Source : BBC [Read Article] Thursday 21st of July 2016 12:34:03 PM
.... . Howard Archer, chief European and UK economist at IHS Global Insight, said: "The ECB seems relatively relaxed over the initial impact from Brexit and currently expects the eurozone economic recovery "to proceed at a moderate pace" led by domestic demand. ...
Middle-income families in UK resemble the poor of years past, says IFS image
....2% for the top 10%. Andrew Hood, an IFS research economist and an author of the report, said: “Given the economic recovery and cuts to benefits over the last few years, we might have expected inequality to rise. ...
Cameron’s housing legacy was a glut of luxury apartments – Theresa May must clean up ​the mess image
.... That would have been only 16,000 homes a year but would have been a significant change of pace from the low thousands now. What kiboshed the whole thing? Councils’ plans to borrow and spend were based on the assumption that economic recovery would boost inflation, that housing benefits and rents could rise above inflation, and that they would borrow against the projected upside. ...
Troubled times image
Source : BBC [Read Article] Saturday 9th of July 2016 11:50:45 PM
....That, in turn, would mean the banks would have to acknowledge heavy losses in their accounts, further undermining their financial foundations. At best, the NPL problem inhibits the banks' ability to provide the new credit that Italian businesses need to generate a more convincing economic recovery. ...
Big investment houses warn of inequality risk  after Brexit image
Source : Guardian [Read Article] Monday 27th of June 2016 11:01:12 PM
....Offering a US perspective on the referendum, they said: “The Brexit vote was a shock to Wall Street because an electorate in a country with no economic or financial crisis voted to dramatically change its political status quo. This partly reflects the fact that economic recovery in recent years has been a) deflationary and b) unequal. ...
Our leap into the unknown threatens both Europe and the world economy image
....The worry for other EU leaders is that Britain’s Leave vote will spark a domino effect throughout the rest of the continent, where forces of economic nationalism and anti-immigration politicians have already been gaining ground. For the eurozone’s fragile economic recovery, this new phase of uncertainty could dash consumer spending, derail business deals and probably force the European Central Bank into yet more unconventional measures to get cash into the economy and shore up confidence. ...
UK trade deficit falls after record rise in exports image
Source : Guardian [Read Article] Thursday 9th of June 2016 11:37:47 AM
....Related: What would Brexit mean for UK trade deals?. Zach Witton, the deputy chief economist at EEF, the manufacturers’ organisation, said the data provided some encouragement that the UK’s export performance was improving, “backing up recent signs that Europe’s economic recovery is gaining momentum, while global growth may be starting to turn a corner”. ...
Property prices to FALL as landlord taxes ravage the housing market image
Source : Daily Express [Read Article] Wednesday 1st of June 2016 03:49:00 PM
....But in the longer term, prices are expected to remain high amid a lack of supply. Mr Gardner said: "Healthy labour market conditions and low borrowing costs are expected to underpin a steady increase in housing market activity once stamp duty related volatility has passed, providing the economic recovery remains on track. ...
Whoever wins, the EU vote has been a disastrous diversion image
Source : Guardian [Read Article] Sunday 29th of May 2016 06:00:26 AM
....This and problems such as the housing crisis and the lamentable structural weakness of the British economy will resurface, come what may, on 24 June. But a positive outcome is surely a necessary condition for a serious economic recovery plan. ...
Retail sales revival allays fears of Brexit jitters image
Source : Guardian [Read Article] Thursday 19th of May 2016 10:22:09 AM
....3% it had previously reported. Retail figures can be volatile from month to month but will help allay fears that British consumers, the main drivers of the economic recovery, have run out of steam. ...
UK economy: gloomy outlook for workers' pay rises image
Source : Guardian [Read Article] Sunday 15th of May 2016 11:01:19 PM
....Numbers of shoppers visiting retail centres fell in April, in the latest evidence that cautious consumers are cutting back or going online to hunt for better deals. Consumers have been the main drivers of the UK’s economic recovery but recent business surveys suggest confidence is flagging, affected by a range of factors from economic uncertainty ahead of the EU referendum to a darker global outlook. ...
Brexit would have 'unforeseeable consequences', warns Juncker image
Source : Guardian [Read Article] Monday 9th of May 2016 01:44:44 AM
....But the country has had a strained relationship with Brussels, opting out of key projects including the euro and the Schengen passport-free zone. The EU this week cut its eurozone growth forecasts for the year, listing the danger of Britain leaving the bloc as among the risk factors weighing on the economic recovery. ...
Greek debt crisis set to RIP European Union APART: Fears grow of SECOND crash image
Source : Daily Express [Read Article] Wednesday 20th of April 2016 04:51:00 PM
....However, the EC led by Germany is thought to be completely against writing off any of the money owed by the beleaguered country, out of fear Italy, Spain and Portugal could demand similar treatment. Greece has been crippled by its huge debts and is also in the middle of the migrant crisis, which have made recent economic recovery a huge challenge. ...
Property crash fears as London loses its lure for foreign buyers image
Source : Daily Express [Read Article] Thursday 14th of April 2016 04:55:00 PM
....Soaring values cemented international perception that London property was a good means of growing money while stocks and other investments suffered. But the economic recovery and fears of a bubble ready to burst is undoing this belief. ...
IMF warns of fresh financial crisis image
Source : Guardian [Read Article] Wednesday 13th of April 2016 01:00:16 PM
....It is closely monitoring the impact of falling oil prices on the health of firms dealing in commodities, since higher debt burdens intensify the pressure on banks. “Policymakers need to build on the current economic recovery and deliver a stronger path for growth and financial stability by tackling a triad of global challenges – legacy challenges in advanced economies, elevated vulnerabilities in emerging markets and greater systemic market liquidity risks. ...
Source : Reuters [Read Article] Tuesday 12th of April 2016 06:18:34 AM
....7 percent in March, their worst performance since August of last year. British households have been the main engine of the country's economic recovery which began in 2013, helped by near-zero inflation, falling unemployment and gradually rising pay. ...
Weak UK industry data set to weigh on economic growth image
Source : Guardian [Read Article] Friday 8th of April 2016 10:29:39 AM
....The latest services surveys suggested all sectors were now struggling, said Samuel Tombs, the chief UK economist at the consultancy Pantheon Macroeconomics. “February’s industrial production data bring another clear sign that the economic recovery is slowing,” he said. ...
Why we must save the EU | Yanis Varoufakis image
Source : Guardian [Read Article] Tuesday 5th of April 2016 05:00:27 AM
....Prearranged communiques, prefabricated votes, a solid coalition of finance ministers around Schäuble that was impenetrable to rational debate; this was the order to the day and, more often, of the long, long night. Not once did I get the feeling that my interlocutors were at all interested in Greece’s economic recovery while we were discussing the economic policies that should be implemented in my country. ...
Current account deficit hits record high as GDP revised higher image
Source : Guardian [Read Article] Thursday 31st of March 2016 09:59:41 AM
. Britain’s trading position with the rest of the world has deteriorated sharply with the current account deficit swelling to its widest on record, fanning fears about the sustainability of the economic recovery. ...
Source : Reuters [Read Article] Thursday 31st of March 2016 06:14:40 AM
....Market research firm GfK said its overall consumer sentiment indicator stood at zero in March, unchanged from February and its joint lowest level since December 2014. Britain's consumers have been the driver of the country's economic recovery over the past three years. ...
UK inflation unchanged at 0.3% image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 11:19:52 AM
.... Other major central banks are also adopting a more dovish attitude. The main priority for the UK must be to make every effort to sustain the economic recovery. ...
Source : Reuters [Read Article] Monday 21st of March 2016 07:19:17 AM
...."Despite the fact that the recent bearish sentiment has been isolated to one London-centric developer, indications are that the overall sector is slowing," added Colvin. A recent survey showed growth in Britain's construction industry hit a 10-month low in February, with housebuilding expanding at the slowest pace since June 2013, when Britain's economic recovery was starting to take hold. ...
We won't cut spending, McDonnell promises as Labour derides budget image
Source : Guardian [Read Article] Wednesday 16th of March 2016 08:24:43 PM
....McDonnell has signed up a team of well-respected experts as advisers, including Nobel prize-winner Joseph Stiglitz, and the French star economist Thomas Piketty. But some senior party backbenchers fear his message that Osborne’s economic recovery is “built on sand” will fail to restore Labour’s reputation for economic competence. ...
ECB cuts interest rates to zero amid fears of fresh economic crash image
Source : Guardian [Read Article] Thursday 10th of March 2016 08:32:28 PM
....For their part, central bankers have become increasingly frustrated with the failure of governments to push through economic reforms, eight years on from the global financial crisis. Draghi echoed recent comments by his UK counterpart, the Bank of England governor, Mark Carney, that ministers cannot leave central banks to do all the work on driving the economic recovery. ...
ECB cuts eurozone interest rate to zero to jump-start economy image
Source : Guardian [Read Article] Thursday 10th of March 2016 01:02:19 PM
....6% in 2018 - all under its target for inflation close to but below 2%. Draghi echoed comments by his UK counterpart, Bank of England governor Mark Carney, that governments cannot leave central banks to do all the work on driving the economic recovery. ...
New Zealand cuts rates to a record low image
Source : BBC [Read Article] Thursday 10th of March 2016 01:22:19 AM
....Mr Wheeler's announcement comes ahead of a European Central Bank (ECB) meeting later on Thursday. The ECB is widely expected to announce further stimulus measures to help bolster the eurozone's economic recovery. ...
Grexit back on the agenda again as Greek economy unravels image
Source : Guardian [Read Article] Sunday 6th of March 2016 07:21:59 PM
....European finance ministers will once again deliberate over how to treat Greece’s ongoing debt crisis this week despite the country desperately grappling with refugees pouring across its borders. A meeting on Monday of finance ministers from the eurozone will determine whether creditors are to be given the green light to complete a long-delayed review of Greek economic recovery plans. ...
US creates 242,000 jobs in February image
Source : BBC [Read Article] Friday 4th of March 2016 02:24:11 PM
.... . It did so in December for the first time in nearly a decade - a decision that had been criticised by some for holding back the economic recovery. ...
Tax cuts work - which is why the Tories need to give us more of them image
Source : Telegraph [Read Article] Wednesday 2nd of March 2016 06:49:38 PM
.... In the year after the removal of the 50p rate first imposed by Gordon Brown, the total amount paid in Income Tax by the high earners who had been subject to that tax rose by £8 billion. That might, in part, be a result of people delaying their earnings, in order to only incur the lower rate, and it might also reflect the wider economic recovery, but all the credible independent assessments before the change found that a reduction from the 50p rate would increase revenue. ...
Savers' WOE as rates hit new lows  image
Source : Daily Express [Read Article] Tuesday 1st of March 2016 04:59:00 PM
....46 per cent. It comes as interest rates are set to stay low for longer still, as the economic recovery looks increasingly shaky. ...
UK manufacturing sector registers worst performance in years image
Source : Guardian [Read Article] Tuesday 1st of March 2016 04:16:16 PM
....”. He added that an expected interest rate rise by the Bank of England was disappearing over the horizon, saying: “The near stagnation of manufacturing highlights the ongoing fragility of the economic recovery at the start of the year and provides further cover for the Bank of England’s increasingly dovish stance. ...
Slow orders stifle manufacturing growth image
Source : BBC [Read Article] Tuesday 1st of March 2016 11:14:27 AM
....Exports shrank for a second consecutive month, with orders down in mainland Europe, the US, Brazil and Russia. "The near-stagnation of manufacturing highlights the ongoing fragility of the economic recovery at the start of the year and provides further cover for the Bank of England's increasingly dovish stance," said Rob Dobson, a senior economist at Markit. ...
Source : Reuters [Read Article] Monday 29th of February 2016 09:41:27 AM
....1 percent year-on-year in January, picking up speed from December to hit its fastest pace since January 2006. Britain's economic recovery is still heavily reliant on spending by households many of which have been buoyed by strong growth in the value of their homes. ...
'New crisis without reform' warns King image
Source : BBC [Read Article] Sunday 28th of February 2016 12:50:10 PM
...."Only a fundamental rethink of how we, as a society, organise our system of money and banking will prevent a repetition of the crisis that we experienced in 2008," he said. He also says that global central banks are trapped in a "prisoner's dilemma", whereby they are unable to raise interest rates in case they derail economic recovery. ...
Mervyn King: new financial crisis is 'certain' without reform of banks image
Source : Guardian [Read Article] Sunday 28th of February 2016 05:43:39 AM
.... to tackle the disequilibrium in the world economy makes it likely that it will come sooner rather than later,” Lord King wrote. He added that global central banks were caught in a “prisoner’s dilemma” - unable to raise interest rates for fear of stifling the economic recovery, the newspaper reported. ...
How much cheaper can borrowing get? Mortgage and loan rates keep on falling image
Source : Daily Express [Read Article] Friday 26th of February 2016 04:31:00 PM
.... Over the past week alone Skipton Building Society, Leeds Building Society, Yorkshire Building Society and the Post Office are among providers that have cut mortgages rates. It comes as stock market turmoil and fears over the economic recovery have meant core interest rates are unlikely to rise any time soon. ...
Examining Keynes's legacy, 80 years on image
Source : Guardian [Read Article] Friday 26th of February 2016 09:48:44 AM
.... But they also saddled governments with large deficits, which soon came to be viewed as an obstacle to recovery – the opposite of what Keynes taught. With unemployment still high, governments returned to pre-Keynesian orthodoxy, cutting spending to reduce their deficits – and undercutting economic recovery in the process. ...
Oil and gas investment 'collapsing' image
Source : BBC [Read Article] Tuesday 23rd of February 2016 12:02:06 AM
....Deirdre Michie, Oil and Gas UK's chief executive, said: "The UKCS is entering a phase of 'super maturity'. "While the industry's decades of experience provide great depths of knowledge and expertise which can be applied to recover the still significant remaining resource, the report highlights the challenges that the falling oil price poses in our capability to maximise economic recovery of the UK's offshore oil and gas. ...
Powa Technologies, once a darling of the UK tech scene, collapses into administration image
.... Powa's technology allowed shoppers to bypass tasks such as entering card and address details when making purchases. Powa, which was founded in 2007, has struggled since collecting $76m from a funding round in 2013 - a move welcomed by David Cameron as contributing to the economic recovery. ...

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