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Monday 10th of January 2011

News Tag: threat

December 21, 2010

Vince Cable threatens to quit coalition

by Kay Murchie
’Vince
Business Secretary Vince Cable has said he could quit the coalition if he is "pushed too far" in negotiations with the Conservatives. Mr Cable, who is the most senior Liberal Democrat member of the coalition after Deputy Prime Minister Nick Clegg, told undercover reporters from The Daily Telegraph the situation in the coalition was like "fighting a war" and he could use ...



November 26, 2010

Japanese deflation worries persist

by Kay Murchie
”Japanese
Official figures today showed the Japanese economy continues to battle with deflation. Figures revealed Japanese core consumer prices fell 0.6% in October compared with a year ago – representing the 20th consecutive monthly decline that the economy has been in deflation. Last month, the Bank of Japan cut interest rates to almost zero. The move surprised analysts but the Bank’s measures reflected its concern about ...



October 25, 2010

Fears for French economy as strikes cost millions

by Kay Murchie
Fears for French economy as strikes cost millions
The French Government has today warned that strikes against pension cuts are costing the economy between €200 and €400 million per day. Ongoing protests and strikes against the Government’s changes to pensions have resulted in fuel shortages and travel chaos throughout the nation. France’s Finance Minister, Christine Lagarde, said: "Today, we shouldn't be weighing down this recovery with campaigns that ...



October 10, 2010

IMF gathering fails to tackle threat of currency war

by Kay Murchie
’IMF
Last week, the International Monetary Fund (IMF) expressed its concern for a currency war. The Fund said if Governments across the world use exchange rates as a policy weapon, there could be a serious risk to global economic recovery. However, this weekend’s IMF and World Bank annual meeting in Washington saw the currency issue unresolved. Some Governments have been accused of ...



October 6, 2010

IMF warns of slow growth due to deficit cutting

by Kay Murchie
”IMF
The International Monetary Fund (IMF) has today warned that economic growth will be hit due to deep spending cuts. Olivier Blanchard, the IMF’s chief economic counsellor, said massive spending cuts may have to be revisited if growth in the UK is hampered. However, Mr Blanchard did highlight that his comments applied to all advanced economies, not just the UK. Many economists ...



October 5, 2010

Bank of Japan in surprise rate cut

by Kay Murchie
”Bank
The Bank of Japan has today cut interest rates to almost zero, in a bid to boost the economy and continue its battle deflation. Last week, figures revealed Japanese core consumer prices fell 1.0% in August compared with a year ago – representing the 18th consecutive monthly decline that the world’s no.2 economy has been in deflation. A short period of deflation ...



October 1, 2010

Japan continues its battle with deflation

by Kay Murchie
Japan continues its battle with deflation
Official figures today revealed Japanese core consumer prices fell 1.0% in August compared with a year ago – representing the 18th consecutive monthly decline that the world’s no.2 economy has been in deflation. A short period of deflation (where prices fall rather than increase) could be a serious threat to the economy because it deters consumers and businesses from spending in expectation ...



September 13, 2010

Britain’s trade unions support strikes against austerity measures

by Kay Murchie
”Britain’s
It has been announced that the tough austerity measures introduced by the coalition Government are set to lead to industrial action following a trade union gathering in Manchester today. At the annual Trades Union Congress (TUC) meeting, union leaders urged delegates to "stand up and fight" against the massive spending cuts. The motion was supported by an overwhelming majority of ...



Survey raises double dip fears

by Kay Murchie
”Survey
A survey by accountancy firm, BDO LLP, has revealed business confidence has slumped to a level not seen since the height of the financial crisis two years ago. The firm’s optimism index (which reflects how businesses expect trading to develop two quarters ahead), fell from 95.5 in July to 93.1 last month. According to BDO, this represents the first time the index had dropped ...



September 10, 2010

Strong yen poses threat to Japanese recovery

by Kay Murchie
Strong yen poses threat to Japanese recovery
The Japanese Government has today said it believes its economy expanded more than originally thought in the April to June quarter. It believes the economy grew by an annualised 1.5% in the three-month period - much higher than the first official estimate of 0.4%. Cabinet Office Parliamentary Secretary, Keisuke Tsumura, said Japan's economy was “continuing to pick up” in the second quarter. Japan ...



August 17, 2010

BAA and Unite reach agreement to stop airport strike

by Kay Murchie
’BAA
Travellers can breathe a sigh of relief this morning after it has been announced that airports operator BAA and the Unite union have reached an agreement which will see the threat of strike action called off. A day of talks yesterday between the two parties at the central London offices of the conciliation service ACAS have been successful after ...



July 21, 2010

Massive spending cuts could derail recovery

by Kay Murchie
”Massive
The Treasury Select Committee has warned that cutting the deficit too quickly could risk pushing the UK back into recession. Since coming to power, the new coalition Government has made cutting the deficit its top priority. However, many leading business groups and former Chancellor, Alistair Darling, all warned that cutting the deficit too quickly could pose a threat to the fragile recovery. Chancellor ...



July 15, 2010

BoJ elects to hold interest rates at 0.1%

by Kay Murchie
”BoJ
After a two-day policy board meeting, the Bank of Japan (BoJ) has elected to keep interest rates at 0.1%, as widely expected. Interest rates in the world’s second largest economy have been at the low level since December 2008 in a bid to fight off deflation. Deflation (where prices fall rather than increase) can be a serious threat to an economy ...



July 14, 2010

OBR member warns of double dip risk

by Kay Murchie
”OBR
The massive spending cuts, implemented by the Government, have increased the chance of a double dip recession - according to a senior member of the Office for Budget Responsibility (OBR) - the economic forecasting body. This is the opinion of Geoffrey Dicks who said public spending cuts and a hike in taxes will have slashed the forecast for growth which "logically ...



July 11, 2010

ONS to issue final estimate of Q1 growth tomorrow

by Kay Murchie
”ONS
The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%. Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy. The figures were due to be released last month but due to a ...



July 9, 2010

Think tank warns recovery will be sluggish due to austerity measures

by Kay Murchie
”Think
The National Institute of Economic and Social Research (NIESR) is forecasting that the UK economy expanded by 0.7% in the three months to the end of June. Official figures for the period will be released later this month but the think tank believes most of the growth occurred over April and May. Growth is expected to fall back ...



April 5, 2010

Labour defend National Insurance rise

by Kay Murchie
”Labour
Chancellor Alistair Darling has been forced to defend Labour’s planned rise in National Insurance (NI) contributions after the Conservative Party said the hike would lead to job losses. Last month’s Budget confirmed that the Labour Government will raise National Insurance contributions by a further 0.5% from next year, on top of the 0.5% rise announced in 2008. However, the Conservative party have said avoiding ...



March 17, 2010

BoJ elects to hold interest rates at 0.1%

by Kay Murchie
”BoJ
After a two-day policy board meeting, the Bank of Japan (BoJ) has elected to keep interest rates at 0.1%. Interest rates in the world’s second largest economy have been at the low level since December 2008 in a bid to fight off deflation. It is anticipated that the central Bank will leave rates at the low rate until around 2012 as ...



March 9, 2010

Vodafone to axe further 375 jobs

by Kay Murchie
”Vodafone
Telecoms company Vodafone has announced plans to cut a further 375 jobs as part of its £1 billion cost-cutting programme, undertaken last year by the company as a result of a sharp decline in revenues from its core UK market. The company, which is the world’s largest mobile phone operator, said the job losses would mainly affect back office positions in ...



February 16, 2010

Japan sets out to fight deflation

by Kay Murchie
”Japan
There have been fears that the return of deflation within the world’s second largest economy could stall growth. A short period of deflation (where prices fall rather than increase) could be a serious threat to the economy because it deters consumers and businesses from spending in expectation of falling prices. Deflation was a problem for Japan during its so-called “Lost Decade” in the ...



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