The UK economy is back in recession, its first double-dip recession since the 1970s, following a surprise 0.2% drop in GDP in the first quarter of 2012. Analysts had anticipated modest growth of 0.1-0.2%. The pound dropped following the news as markets expect that the Bank of England will be forced to resume its quantitative […]
UK Does Double Dipping Read More »
This is a mid month week usually a quiet time for economic data. After last week’s Chinese and US data, the markets are looking for directions, but this week, will probably be all about Spain and Italy. News will take the center stage. Below is a quick listing of what to expect this week. Asia
Economic Data For the Upcoming Week Read More »
The Bank of England today voted to keep its key interest rate at a 0.50% and to maintain its economic stimulus program amid mixed signals for the British economy. Lately economic data from the UK has been hit or miss and very hard to interpret, making no clear economic picture, current accounts are down, PMI
OECD Says Britain Back In Recession Read More »
European share markets have closed lower, with investors hesitant after recent gains on concerns over China and the eurozone and data showed the British economy in worse shape than first thought. The British economy contracted 0.3% in the final three months of 2011 compared to the previous quarter, the U.K. Office for National Statistics reported
US And EU Markets End The Day Down Read More »
The week after next the UK’s Finance Minister George Osborne reveals plans for bonds of no less than a hundred years, as the administration looks to take advantage of historically-low rates. Osborne will use his yearly budget address to launch a consultation on century-long bonds and could also propose gilts, that the capital is rarely
Printing Money And Lending It To The Government Read More »
Official figures have confirmed that the UK economy slipped by 0.2% for the fourth quarter of 2011. Household spending was up 0.5% quarter on quarter, the highest since the second quarter of 2010. Government spending, meanwhile, was ahead by 1% over the previous three months. Benefiting from a weaker pound exports were up by 2.3%.
The UK Is Flirting With A Double Dip Recession Read More »
Oil Hits A New Sterling Record On Iran Fears..But sshhh..Don’t Tell UK Motorists Feb 20, 2008 at 04:01pm New York: “The price of crude oil has scraped above the $100-a-barrel mark in recent months, but for the first time it actually closed above the psychological ceiling. Prices settled at $100.01 a barrel on the New
Oil Hits A New Sterling Record On Iran Fears Read More »
“So was the book better than the film?” is the often repeated question when a best selling novel is translated to the big screen. Were The Road is concerned the film is arguably not as good as the book, however, the film really is very good. I’ve recently re-watched it and if there is a
Americans Are Driving Less And Flying Less, Are They Finally On The Road To Nowhere? Read More »
With the exception of France no other country’s top politicians have attempted to jealousy guard and protect their highest credit rating more than the United Kingdom. However, despite the UK chancellor’s best efforts to displace attention away from the UK’s precarious financial position, the hidden depths of the UK’s indebtedness now appears to be exposed.
The UK Finally Placed On Negative Watch By Moody's And Not Before Time Read More »
Pandora’s box is an artefact in Greek mythology, taken from the myth of Pandora’s creation in Hesiod’s Works and Days. The “box” was actually a large jar given to Pandora which contained all the evils of the world. When Pandora opened the jar, all its contents except for one item were released into the world.
The UK Is A Rock In A Hard Place Read More »
