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29th of December 2010
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News Tag: member

October 12, 2010

Unemployment in OECD countries hits 45.5m

by Kay Murchie
’Unemployment
Influential think tank, the Organisation for Economic Co-operation and Development (OECD) has today said the number of unemployed in the 33-member OECD countries hit 45.5 million in August. The Paris-based organisation said the jobless rate in August for the area was 8.5%, falling from 8.6% in July. A statement from the Organisation noted that the OECD unemployment rate remained close to post-war highs. ...




September 21, 2010

Former MPC member believes UK still at risk of double dip

by Kay Murchie
’Former
Professor David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee (MPC), has today said he still doesn’t rule out a double dip recession. In June, Mr Blanchflower, who is professor of economics at Dartmouth College in the US, warned the coalition Government that tough spending cuts could pose a threat to the fragile ...




June 13, 2010

Former MPC member warns of double dip recession

by Kay Murchie
”Former
Professor David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee (MPC), has warned that cutting the deficit too quickly risks putting the UK back into recession. Mr Blanchflower, who is professor of economics at Dartmouth College in the US, told Sky News today that further investment is required to build growth. The new coalition Government has ...




June 8, 2010

Estonia to become 17th country to join euro zone

by Kay Murchie
’Estonia
The Baltic republic of Estonia has been given the go ahead to adopt the euro on 1 January 2011 and will become the euro zone's 17th member. "Estonia will become the 17th member of the euro area on 1 January, 2011," Euro group president and Luxembourg Prime Minister, Jean-Claude Juncker told a news conference. "The first commitment of the ...




October 27, 2009

MPC member warns of ‘lost decade’

by Kay Murchie
”MPC
Bank of England’s Monetary Policy Committee (MPC) member, Adam Posen, has warned that the UK is facing a Japan-style lost decade. Japan, which is the world’s second largest economy, endured a so-called “Lost Decade” in the 1990s, whereby economic expansion grinds to a halt. In a speech, Mr Posen warned that Britain's dysfunctional banking system bears similarities with that of Japan and could ...




June 16, 2009

Former MPC member latest to forecast rise in unemployment

by Kay Murchie
”Former
David Blanchflower, the former member of the Bank of England’s Monetary Policy Committee (MPC), believes job losses in the UK are set to soar, with unemployment among the young becoming a "national tragedy". Mr Blanchflower’s bleak forecast comes ahead of unemployment figures, due to be released tomorrow. Furthermore, other reports out today have revealed some alarming results with regard ...




June 1, 2009

Former MPC member warns of rising unemployment and “false dawns”

by Kay Murchie
”Former
David Blanchflower, the former member of the Bank of England’s Monetary Policy Committee (MPC), has warned that the latest green shoots in the economy are "tentative" and that unemployment in the UK will continue to rise. Mr Blanchflower has been speaking to the BBC after his three-year term as MPC member came to an end after choosing ...