Chancellor George Osborne’s announcement that he will use “credit easing” to get the British economy moving will involve risk of loss to the public purse, blogs Faisal Islam. But not yet.
Massive June-style protests are expected for 5th and 6th October. It could be an Argentina pots and pans moment.
Economics Editor Faisal Islam writes on why the plan to save the Euro in six weeks may actually only have six days.
A crisis-ridden Greece faces another drama next week as it prepares to vote on the detested property tax. blogs Channel 4 News Economics Editor Faisal Editor.
Economics Editor Faisal Islam reports from Athens as the Greek debt crisis fuels further global pleas for concerted action from Europe’s political leaders.
Cutting rates again to a new record was discussed but there are fears for the impact on banks, building societies and the normal functioning of money markets. No, all roads lead to more quantitative easing. But not just any old QE.
If correct the UK economy will have grown more slowly in 2011 than 2010. The IMF’s forecast is well below the 1.7 per cent currently used by the government, writes Faisal Islam.
General strikes for November set to be discussed at TUC conference on Wednesday, Economics Editor Faisal Islam learns.
Amid the tumult of re-escalating eurozone crisis, the G7 meets in Marseille on Friday. Just five years ago that would have been seen as a sign for comfort. The finance ministers of the world’s seven most advanced “industrialised” (deindustrialised, surely?) nations meeting to iron out a common cooperative response to the world’s economic problems.
Channel 4 News Economics Editor Faisal Islam asks whether bad news for the economy could end up being good news for the banks?
Looking at the stock market over the past year, all you see is a money-printing asset price boom lasting 9 months that disappeared when QE stopped. It was a fake recovery. A sugar high.
So overall, an attempt to centralise decisionmaking over tax, spend and borrowing between France and Germany, as a prelude to doing it across Europe. Which leads me to the Eurobond, the much vaunted silver bullet awaited by many in the markets, the Italians, and are very own George Osborne.
Faisal Islam in New York on the fears for the markets after US loses its AAA credit rating and eurozone debt worries continue.
Channel 4 News’ economics editor Faisal Islam explains what it means to the US and to the world, for America to have its credit status downgraded to AA+.
So it has come to this. America’s trading reassured by a few tens of thousands of payrolls and the presence of Super-Silvio at an urgently convened press conference in Rome.