Faisal Islam
Downbeat speech from a resolute chancellor
Economics Editor Faisal Islam reflects on a low-key Conservative conference speech from George Osborne – one which nonetheless contained a few nuggets of new government policy.
Search results for ‘AAA rating’
119 items found
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UK manufacturing fall stokes triple-dip fears
Figures showing a shock fall in manufacturing activity last month fuel fears that Britain is heading for a triple-dip recession.
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January borrowing figures surplus higher than expected
The Office of National Statistics reports a budget surplus of £11.4bn, boosted by tax receipts and the first payment of interest from the Bank of England’s quantitative easing program.
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Triple dip on the menu?
The UK economy contracted by 0.3 per cent in the final quarter of 2012, according to official figures, increasing the likelihood of an unprecedented triple-dip recession.
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Faisal Islam
“It could be a lot worse…”: Osborne’s five GDP shuffles
Economics Editor Faisal Islam blogs on his meeting with George Osborne – and the five key areas where the chancellor has ‘refined’ his views on the economy.
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‘Greece will not meet bailout terms’
The future of the euro is under the spotlight again, as EU officials visiting Greece cast doubt on its ability to repay its debts and Spain sees its borrowing costs soar.
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What would a Hollande presidency mean for France and Europe?
After triumphing in the first round of the French presidential elections, Francois Hollande is now favourite to move into the Elysee Palace. Channel 4 News looks at what he stands for.
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Faisal Islam
Bad news for Osborne as Britain is put on negative outlook
A second ratings agency has effectively lowered their assessment of Britain’s creditworthiness, just days before an important Budget.
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Faisal Islam
Is Moody’s move a vindication for Osborne?
The bigger picture here: why on earth are credit ratings elevated to this hallowed status? Moody’s pulled off the spectacular intellectual feat of rating the Bank of England as a lesser credit than the European Financial Stability Facility. The answer is that it has been an important piece of marketing for George Osborne, to communicate a tangible benefit from unpopular austerity.
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Faisal Islam
A French downgrade is bad for Sarkozy and Germany
If rumours of a potential downgrade of France’s AAA credit rating are true, it is of huge significance to the eurozone’s fitful efforts at a long-lasting rescue, writes Economics Editor Faisal Islam.
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FactCheck: Is the French economy beating Britain’s?
“One would rather be French than British at the moment,” Baroin said. FactCheck knows the situation is bleak, but does Britain deserve the cold shoulder from France or should we issue them a Gallic shrug?
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Faisal Islam
France fires broadside at British economy – is it ‘Twitterloo’?
The entente is anything but cordiale as the Banque de France lays into the UK over its economic record.
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Faisal Islam
French banks can ‘withstand whatever development’
French banks can “withstand whatever development” the country’s central bank chief Christian Noyer tells economics editor Faisal Islam.
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Jon Snow
Who are the grey men who decide America's status?
Who are the “grey men” who decide this stuff for S&P? People are beginning to ask. For in their draft assessment of the US economy sent to the US Treasury before publishing the downgrade, S&P made – according to the US Treasury – a staggering error of some $2 trillion MORE than the debt actually added up to…
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Markets braced for global turmoil
All eyes turn to the opening bell of the stock markets, due just hours after leaders from the world’s major powers stage emergency meetings, Economics Editor Faisal Islam reports.
