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UK budget deficit blowout, optimistic on economy

posted by Nica 1130 days ago in GBP, Fundamental, GDP made popular 1130 days ago

The British government unveiled a massive blowout in borrowing in its annual budget on Wednesday, confirming that limited tax revenue and higher welfare spending have left little room for new spending to tackle the worst economic slump since the

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UK Budget cuts higher rate tax relief

posted by Nica 1130 days ago in GBP made popular 1130 days ago

Alistair Darling, chancellor of the Exchequer, has confirmed tax relief on pension contributions for high earners will be reduced from 40% to 20% from April 2011.

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UK House Prices Continue To Rise

posted by Nica 1133 days ago in GBP, Inflation, Housing

Indicating that confidence in the UK housing market is recovering gradually, house prices rose for the third straight month in April and marked the biggest increase in 14 months.

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The worst of UK recession is over

posted by Nica 1133 days ago in GBP, Fundamental, GDP made popular 1133 days ago

The CBI, the main UK employers' body, says the worst of the recession is over. The recession deepened more than expected in the first three months of this year but this should prove to have been the worst of the quarterly falls in GDP, and the re

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Recession will end in spring 2010

posted by Nica 1133 days ago in GBP, Fundamental, Inflation made popular 1133 days ago

The UK economy will start to recover from recession in spring next year, according to analysts.

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The Dearth of Morality

posted by Nica 1134 days ago in EUR, CHF, Special

Although no groundbreaking solution to the current financial and economic crisis was put on the table during the recent World Economic Forum that unfolded from January 28 through February 1, 2009, in Davos, Switzerland, and the G-20 Summit in Lon

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Labour will leave us with a financial mess

posted by Nica 1135 days ago in GBP, Fundamental made popular 1135 days ago

George Osborne yesterday warned that a Tory government would have to restrict public spending drastically to clear up Labour’s financial mess.

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Canada annual inflation eases in March, core higher

posted by Nica 1135 days ago in CAD, Inflation, Consumer made popular 1135 days ago

Canada's annual inflation rate slowed to 1.2 percent in March from 1.4 percent in February on falling gasoline and car prices, but the core rate closely watched by the central bank unexpectedly rose to 2 percent.

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Macroeconomic Schisms

posted by Nica 1136 days ago in Special made popular 1136 days ago

There has been a lot of breast-beating in the press and in the blogosphere about how economists failed to discern the possibility that not all was going well in the years leading up the current financial and economic crisis.

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Oil was little changed near $49 a barrel, after falling the

posted by Nica 1138 days ago in USD, Inflation, Manufacturing made popular 1137 days ago

Manufacturing production in the U.S. probably fell in March and inflation cooled as companies used a wide range of means to trim unwanted stockpiles, economists said before reports today.

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U.S. Retail Sales Probably Climbed in March

posted by Nica 1139 days ago in USD, Retail Sales, Consumer made popular 1139 days ago

Sales at U.S. retailers probably rose in March, led by a rebound in autos as dealers boosted incentives to clear unwanted stockpiles, economists said before a report today.

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U.S. recession to ease but industry set to crumble

posted by Nica 1144 days ago in USD, Fundamental, GDP made popular 1144 days ago

The worst U.S. recession since World War Two will not give way to growth until the third quarter as an already withered industrial sector retrenches sharply, according to a Reuters poll.

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