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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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Europe's nuclear brinkmanship with Greece is a lethal game

Business & Finance : Finance Blog (3 years ago)

Fresh from the Hellenic Statistical Authority: Youth unemployment up to the age of 24 reached a fresh record of 53.8pc in February. The rate for those aged 25-34 rose to 29.1pc. The total rate hit 21.7pc but will soon be much higher... Read Post

Construction Spending Blows Away Expectations

Business & Finance : Business Insider: Clusterstock (4 years ago)

Headline: 1.4% growth in March Expectations: 0.5% growth for March Details: Sharp improvement over February's weak negative 1.4% growth. That number has been revised down to negative 2.4% growth, which makes this beat look larger. B... 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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