UK - Economy & trade
Resources
More in this section
Vote now
69.6%
Sharp fall in UK retail sales
Retail sales fell sharply in June, cancelling an earlier surge and confirming that consumer spending is slowing under the pressures of tighter credit conditions and higher living costs
Weak lending adds to housing gloom
The British Bankers Association says mortgage approvals for house purchase fell from 27,499 in May to 21,118 in June, 67% below numbers a year earlier
Brown seeks US support for action on prices
John Hutton, UK business secretary, is lobbying White House officials, US presidential candidates and oil companies to ensure backing for a consensus on oil prices
MPC split three ways on rate decision
The Bank of England’s monetary policy committee was split three ways in its vote to leave interest rates on hold this month, but most members felt raising rates to fight inflation was not yet necessary given the weaker outlook for economic growth
Tax avoidance surge could cost £1bn
A technical note from the Treasury exposes the disagreements with business that have dogged its attempts to forge a new foreign profits regime in the UK
Darling outlines rescue regime
The chancellor reassures investors that their rights will not be stepped on by the proposed system, which would give authorities powers to seize control of a failing bank
Comment: Cherished myths have fallen victim to economic reality
There is a danger that the macroeconomic models now in use in central banks operate like a Maginot line. They have been constructed in the past as part of the war against inflation. They do not provide banks with the right tools to be successful, writes Paul De Grauwe
Comment: Banks must lose their safety net
Regulators claim it is important for market discipline that lenders should be allowed to fail – but won’t let them do so in practice, says Paul Amery
John Kay: Brown’s rules are a flawed basis for policy
The effect of the target is to focus attention on the target rather than its purpose. The target is met; the objective is not, writes John Kay
Analysis: In search of fresh capital
Although the financial sector is finding it ever harder to raise funds, other listed groups can buy their way through the downturn
Related content and features
Track this Topic
News alerts
Email - create a keyword alert on the subject of this topic
Email summaries
Email - start your day with daily email briefing on this topic
RSS feeds
RSS - Track this news topic using our feeds
CLASSIFIED