High inflation is putting British family budgets in a stranglehold, but employees report that salaries are slowing starting to catch up with the cost ...
If we, as a society, deem climate change the greatest threat facing humanity and that urgent action is needed to limit our CO2 emissions, then printing money to achieve that aim need not be inflationary because there is corresponding work associated with it, creating sustainable growth and boosting GDP.
Even in the depths of global economic despair in 2009 when we needed really aggressive monetary policy, the measures used and the quantum of money printed as Quantitative Easing was much too timid, and anyway it got stuck in the bowels of banks' balance sheets as excess reserves as they were all too terrified of lending money on to real people or businesses, as the policy intended.
If you need to find any evidence of the impact of the UK's economic problems, you really don't have to go too far. My food shop is the place where I personally have felt the pinch most profoundly, as inflation has played havoc with the price of my weekly trip to the supermarket.
The squeeze on household budgets tightened further last month as official figures revealed hikes in energy bills and fuel costs sent inflation to its ...
Sterling dropped to a new two-and-a-half year low on Tuesday of 1.48 against the US dollar after another dire month for manufacturing output, which sl...
Champagne's out, but eBooks are in after the Office for National Statistics shook up its basket of goods, used to calculate inflation. Also on the...
Negative interest rates are the latest balloon floated by the Bank of England.
Sir Mervyn King surprised the markets on Wednesday after it was revealed he, along with committee members David Miles and Paul Fisher, voted for the m...
Reports have emerged over the past few weeks that traders are steadily dumping their sterling stocks, slowly devaluing our currency. When asked fo...
Inflation is expected to rise to at least 3% by the summer and will remain above the 2% target for at least two more years, forcing more pain on strug...
Doom-mongers believe politicians will choose the easy way out and put pressure on central banks to crank up the printing presses. They often point to the weakness of the international monetary system, because it is based on fiat (soft) money, which is not backed by the value from tangible materials like gold. The pessimists think a monetary system based on fiat money will rarely, if ever, exist for long because hyperinflation is inevitable.
The incoming governor of the Bank of England has stressed he has no aspirations to "be an emperor" in his new role, saying he expects the bank to "mak...
Households in England and Wales are braced for an average 3.5% hike in their water bills, regulator Ofwat said on Tuesday. Households will pay an a...
Germany's central bank, the Bundesbank - also known as Buba - is rightly famed as the world's least stupid central bank.
Inflation is going to be a big story in 2013 worldwide but especially for the UK. While the Bank of England's asset purchase program isn't in itself inflationary, the devaluation of sterling is. Our largest import through 2013, because of the Bank's monetary policy, will be inflation.
Businesses like my own, from all across the UK, will tell you that while 2012 was a more positive year than those before it, there remains a demand deficit - there are simply not enough customers walking through the door.
George Osborne acknowledged today there was a "debate going on" about the future of monetary policy amid claims that the Government could ditch the Ba...
A truce between Israel and Hamas holds for now, but the recent carnage could herald further geopolitical instability in the MENA. As a result, oil price will stay high and damage the global economy, which is already "at sea".
Barnardo's believes that the scandal of child poverty in this country will only be tackled when action is taken to improve both the income and the access to services that the poorest families have. We know that money matters to the poorest families - especially when rising living costs, stagnating wages, a weak labour market and spending cuts are placing more pressure on them than ever before. Many families in poverty in the UK live on just £12 per person per day after housing costs. That £12 has to stretch to cover everything: food, electricity, water, gas, bus fares.
Rising food bills played a big part in today's inflation jump, although in the case of chocolate bars it was a case of less meaning more. The Offic...
Tens thousands of Argentinians took to the streets on Friday in frustration at the state of the country under President Cristina Fernandez de Kirchner...
There is "reason for some optimism" for the British economy over the coming period, the deputy governor of the Bank of England has said. The econom...
I know times are hard, and there is a push to cut spending on all but the most vital of projects, but perhaps a new PR whiz would be a good investment for the coalition. Someone who could persuade them against snatching defeat from the jaws of success.
Britain is facing a "feeble and fragile" recovery, experts warned on Friday, ahead of figures expected to confirm the economy has exited the longest d...
