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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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Economy’s growth rate surges to 4 percent in second quarter

Business & Finance : Ezra Klein (yesterday)

After suffering the sharpest contraction since the recession ended, the U.S. economy rebounded this spring, growing at a solid 4 percent annual rate, according to new government data released Wednesday. Robust consumer spending help... Read Post

Calm before the storm as Europe poised to join economic war against Russia

Business & Finance : Telegraph.co.uk Finance Blog (6 days ago)

Russia is battening down the hatches. The central bank was forced to raise interest rates this morning to 8pc to defend the rouble and stem capital flight, $75bn so far this year and clearly picking up again. The strange calm on the... Read Post

Sterling hits 8-month trade-weighted high

Business & Finance : Business Report (11 months ago)

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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