recession
Will the end of Quantitative Easing trigger a second crisis?
Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.
Bank of England confirms rich made richer by QE
Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?
No more blaming the eurozone: largest fall in exports is to non-EU countries
So much for the recession being made in the Eurozone. The latest figures from the Office for National Statistics (ONS) show that net trade is down and the largest fall in exports is to non-EU countries.
Economic output down in three months to March
Economic output declined by 0.1 per cent in December, January and February, suggesting an economy that continued to flat-line in the first two months of this year, according to the latest data from NIESR.
Osborne under increasing pressure to move to the right
The chancellor George Osborne is coming under increasing pressure from tory back benchers and the governor of the bank of England to pursue a more right wing agenda.
Earnings now at same level as 2002 for squeezed middle
Real earnings have declined since 2009 and are at the same level as 2002.