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A weak currency isn't rebalancing the British economy – it's strangling it

Interest rates close to zero, another £50bn of Sterling spewing from the presses, negative growth, public spending up by 8pc a year and tax receipts down 7pc – not the death throes of the Weimar Republic, but the state of the contemporary British economy. The announcement yesterday that Quantitative Easing would be expanded to £375bn is good news [...]
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Why are oil and mining shares plunging?

Business & Finance : Finance Blog (3 years ago)

Why are oil, gas and mining shares suffering so badly in the latest market rout? The oil sector is down 7pc and mining is off 8pc, compared with an overall market only down 2pc. There are some who say it’s a sign that the commodity ... Read Post

Australia Hit By 'Private Spending Drought', GDP Growth Withers

Business & Finance : Business Insider: Clusterstock (5 years ago)

Australia's economy, one of the strongest in the developed world right now, is slowing down substantially, with Q1 GDP growth less than half Q4's rate. Moreover, some believe that had public spending not bolstered the economy, GDP c... Read Post

Sterling hits 8-month trade-weighted high

Business & Finance : Business Report (last year)

Sterling rose to an eight-month high against a basket of currencies. ||| London - Sterling rose to an eight-month high against a basket of currencies on Friday on the view that a strengthening British economy will mean interest rate... Read Post

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