A deeply perilous moment for coalition economic policy
Faisal Islam on the fall-out from the downgrading of Britain’s growth figures
The European Union will not make a decision about the next tranche of bailout money for Greece until October, weeks later than expected.
Five of the world’s most powerful central banks have flooded the international financial system with dollars to stave off a liquidity crisis in European banks.
Inflation rates rise again as increases in the price of gas and electricity, combined with higher clothing costs, continue to pile pressure on household incomes.
The Labour leader, Ed Miliband, says regulators should get tough new powers to bar irresponsible bankers from the profession to avoid another crisis.
Faisal Islam on the fall-out from the downgrading of Britain’s growth figures
The Bank of England holds interest rates at 0.5 per cent and refuses to extend its quantitative easing programme to boost the supply of money in the economy.
Chancellor George Osborne admits that the economic recovery will be “choppy”, but says he is sticking by his plans for deficit reduction despite evidence of a slowdown.
Channel 4 News Economics Editor Faisal Islam asks whether bad news for the economy could end up being good news for the banks?
Stocks resume their slide in Wall Street amid renewed concerns over the health of the US economy, abruptly ending an early boost by shares in London.
Record discounts in the summer sales help deliver a surprise fall in inflation, which economists say could see the Bank of England freezing interest rates until spring 2012.
Deputy Prime Minister Nick Clegg backs proposals to give the public shares in part-nationalised banks Lloyds and RBS. Jon Snow asks should the government be more worried about the Greek debt crisis.
As a charity reveals state-owned RBS loaned money to a manufacturer of banned munitions, could Nick Clegg’s shares-for-all idea prevent this happening again? Channel 4 News investigates.
High street sales fell 1.4 per cent in May, ending the boosting effect of the April Royal Wedding and the run of bank holidays.
If the private sector recovery gets going, and the full powers of this new FPC kick-in in 2013, then the decisions of this new body in early 2015 could be rather interesting – economically and politically, writes Faisal Islam.
Exclusive: A key Bank of England official tells Faisal Islam the bank would have “pressed the brakes” in 2004 before the credit crunch began.