So much for the recession being made in the Eurozone. The latest figures from the Office for National Statistics (ONS) show that net trade is down and the largest fall in exports is to non-EU countries.
David Cameron has seen his stance over the EU come under fire yet again, this time by business leaders. A letter in the Financial Times, which includes such signatories as Sir Richard Branson (chairman of the Virgin Group) and Chris Gibson-Smith (London Stock Exchange chairman), has been sent ahead of Cameron’s speech in the Netherlands [...]
Tony Dolphin is the chief economist at the IPPR and a regular contributor to The Guardian and New Statesman. During the autumn statement last month, George Osborne claimed that the UK economy was slowly on the mend; however, the latest data indicates the opposite may be true, despite the economic expansion in the third quarter (Q3) of 2012. It is looking [...]
Francois Hollande’s promises have become a reality of more of the same, with poll ratings sliding and division within the French Socialist party.
The IMF downgraded its UK growth forecast today for the third time in under a year.
A week ago, Spain secured an advantageous bank deal to drive down soaring bond yields: today, Spanish securities broke the 7% threshold. What’s gone wrong?
Pressure is on the European Central Bank (ECB) this week after new statistics show unemployment figures are still rising across the European Union.
At an overnight EU summit on the debt crisis, Monti and Rajoy face Germany down, securing direct access to bailout funds for struggling banks.
François Hollande flexed his political muscles last night at the EU summit in Brussels with a call to support Spain and Italy in their time of financial crisis.