Theresa May's poverty headache in quest for fairer system

  • 7 December 2016
  • From the section Business
Theresa May Image copyright Reuters

"My politics are based not on some economics theory," Margaret Thatcher once said, "but on things I and millions like me were brought up with.

"An honest day's work for an honest day's pay." Capitalism was "nothing less than a crusade to enfranchise the many in the economic life of the nation".

Politicians - and indeed supporters of free market economics - have long feared a society where some people flourish to great personal gain and others miss out at great personal loss, despite their best efforts.

That way lies the chaos of a resentful backlash. And capitalism does not like chaos.

Last week, Andrew Haldane, the chief economist of the Bank of England, warned of a country where economic divisions are growing.

Read full article Theresa May's poverty headache in quest for fairer system

Carney: Get real, there are losers from free trade

  • 5 December 2016
  • From the section Business
Mark Carney Image copyright Getty Images

Clement Attlee once said to his troublesome Labour Party chairman, Harold Laski - "A period of silence on your part would be most welcome".

Some present day politicians may think similar of Mark Carney, the governor of the Bank of England.

Read full article Carney: Get real, there are losers from free trade

Britain's inequality map - stark and growing

  • 2 December 2016
  • From the section Business
Andrew Haldane
Image caption The Bank of England's Andy Haldane

In the Dr Seuss book One Fish, Two Fish, Red Fish, Blue Fish, the American writer makes a simple assertion.

It is better to keep your eyes open to opportunities - in Dr Seuss's case the fabulous creatures whose hair grows so fast they need a haircut everyday, or Mike who sits on the back of your bike to help you uphill.

Read full article Britain's inequality map - stark and growing

Economic forecasts are not 'lunatic'

  • 29 November 2016
  • From the section Business
Martin Weale Image copyright Getty Images
Image caption Martin Weale: "Forecasting is uncertain, that's the nature of things, forecasts aren't wrong or right, they are simply the best you can do."

One of Britain's most highly respected economists has hit back at criticisms of economic forecasts.

Critics have described them as little better than astrology or soothsaying.

Read full article Economic forecasts are not 'lunatic'

Squeeze on living standards 'worse than after financial crisis'

  • 24 November 2016
  • From the section Business
Payslip Image copyright PA
Image caption The Resolution Foundation says the decade from 2010 to 2020 is set to be the weakest one for wage growth since the 1900s

The size of the challenge facing a chancellor who has pledged an economy "that works for everyone" is becoming increasingly clear.

And it is not just down to Brexit.

Read full article Squeeze on living standards 'worse than after financial crisis'

Government debt is rising - here's why

  • 23 November 2016
  • From the section Business
Philip Hammond Image copyright Getty Images

There is a reason why the Treasury knows that today's government debt figures will not make for pretty reading.

At the moment the government's debt total stands at £1.6 trillion. Not a trifling amount.

Read full article Government debt is rising - here's why

The chancellor’s debt headache

  • 21 November 2016
  • From the section Business
Philip Hammond Image copyright Reuters

In politics - where long-term strategy often goes no further than wondering what policy you are going to cobble together to announce next Monday - the chancellor and the prime minister are playing a rather longer game than the headlines suggest.

Their focus is 2020 and the next general election - if the triggering of Article 50 and Britain's departure from the European Union doesn't derail Theresa May's plans not to go to the country until then.

Read full article The chancellor’s debt headache

Google commits to £1bn UK investment plan

  • 15 November 2016
  • From the section Business
Media captionSundar Pichai discussed its UK investment plans and commented on the 'fake news' row in the US

Google is to open a new headquarters building in London which could see 3,000 new jobs created by 2020.

The news comes as a major boost to Britain's technology sector.

Read full article Google commits to £1bn UK investment plan

PM 'will not hit' one million new homes target

  • 14 November 2016
  • From the section Business
Kidbrooke in 2010
Image caption Part of the Kidbrooke estate in southeast London, pictured in 2010

Theresa May put affordable housing at the heart of her "offer" to voters when she became prime minister.

The government's target is one million new homes by 2020; the argument being that more supply will bring down prices.

Read full article PM 'will not hit' one million new homes target

Trump victory – markets spy an upside

  • 9 November 2016
  • From the section Business
Donald Trump Image copyright Getty Images

It's been a "risk off" day.

Buy into safe haven currencies like the Japanese yen and the Swiss franc (both up today); buy into gold (the ultimate save haven harbour); sell the obvious (the Mexican peso has taken a battering).

Read full article Trump victory – markets spy an upside