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Blackcurrants are not the only fruit

first_img Blackcurrants are not the only fruit Wednesday 18 August 2010 8:36 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp BANK of England governor Mervyn King may be warning of the dangers of destructive inflation but the minutes of the latest Bank meeting show that these concerns are tempered by a fear of slowing down what is now officially known as a choppy recovery.Destructive inflation, as far as I understand it, is when inflation runs out of control as it did in the 1970s and 1980s.In the past few days much has been made of the recent rises in food prices, such as bread, blackcurrants and plums. The Bank itself has been roundly criticised in the City for understating the inflation rate and earlier this week King was forced to write his second letter of explanation to chancellor George Osborne.It is clear that the current state of affairs is troubling but are we in meltdown as far as inflation is concerned?I think not. Firstly, although there have been some explosive price rises in the food sector they have not been across the board. So while blackcurrants show an increase of 68 per cent on a year ago, other food price rises have remained less pronounced. Although I like blackcurrants as much as the next person, they are not an essential food. In other words, they can easily be substituted for other fruits.Indeed the average annual price rise in the food and drinks sector over the past year has been 0.16 per cent, which is of concern but hardly alarming, especially when one considers that the price of goods and services in other categories such as clothing and recreation and culture are lower than they were a year ago. In the 1970s, when inflation truly was destructive, there was a massive hike in the price of oil which rapidly fed into the prices of other goods and services and then became the spike for ever increasing pay claims.Cambridge economist Bob Rowthorn detailed how strong trade unions put in high wage claims and then witnessed companies setting prices higher trying to keep up with the ever increasing cost of fuel (a massively significant component of any inflation index) and he detailed how rising inflationary expectations became embedded.My feeling is that this is not where we are right now. Indeed the recent BAA dispute with its workers was resolved after the Spanish owned company came up with a pay offer of only two per cent – bang on the Bank of England’s inflation target (although it included a bonus payment too).With the economy still in a tentative state, it is not clear there is an appetite for long industrial disputes on the grounds of pay (there may be other reasons for disputes, such as dismay at public sector cuts, but that is a different story).Unions are simply in a much weaker position than they were in the 1970s, partly because of the legislation that was brought in after the 1980s disputes such as the miners’ strikes. The Bank is right to closely monitor inflation in the months ahead but for some Bank members the overriding worry concerns the pace of the recovery. Nobody’s quite sure what effect the Budget deficit cuts will have but there’s almost daily anecdotal evidence to suggest the mere anticipation of them is already having an impact on spending. Destructive inflation is not the main [email protected] Share whatsappcenter_img Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content Tags: NULLlast_img read more

Speed of European rebound still driven by France and Germany

first_imgMonday 23 August 2010 7:44 pm whatsapp Speed of European rebound still driven by France and Germany Share whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULL ECONOMIC recovery in the 16-country Eurozone eased in August but employment continued to rise for the fourth consecutive month, Markit’s flash purchasing managers’ index (PMI) showed yesterday.The composite index slipped slightly to 56.1 from 56.7 in July but remained well above the 50 level that separates expansion from contraction. Manufacturers reported a faster increase in new orders and service providers also saw a slight pick up in the rate of increase in new business, reflecting better domestic conditions.But Markit warned: “The solid outcome at the headline level masked worrying divergences between the national economies, as growth remained particularly dependent on Germany and France.”“There is little evidence to suggest that buoyant business conditions in the region’s core nations are spilling over to the benefit of the periphery, meaning an increasing divergence in the Euro area’s two-speed recovery,” said Markit’s Chris Williamson. Show Comments ▼ KCS-content last_img read more

CITY VIEWS: IS FACEBOOK WORTH ITS $33BN VALUATION?

first_img whatsapp KCS-content PAUL STAPELY | CONNING ASSET MANAGEMENT“As a non-user, I struggle to imagine where a private company can possibly make anywhere near that much money with an asset like Facebook.”MARCANTOINE DE ROYS | GROUP M“It is difficult to measure the impact Facebook has had on 500m-plus lives as a monetary value, especially since we do not know the profitability. But it is hard to see how the current revenue models could justify such a valuation.”DEREK TYLER | WASPFORD & SALTING“Facebook is obviously an unbelievably popular website. With the right marketing strategy, it could plausibly generate that kind of valuation. Nonetheless, as it stands I cannot see how it can be worth that much.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo CITY VIEWS: IS FACEBOOK WORTH ITS $33BN VALUATION? Wednesday 25 August 2010 8:49 pmcenter_img whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Show Comments ▼ Share Tags: NULLlast_img read more

Aer Lingus profit to hit top of forecasts

first_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Aer Lingus said trading in the third quarter, and in the month of September in particular, had been stronger than expected, primarily as a result of improved yields. Forward revenues suggest that October and November will also be ahead of expectations, the company said. However, bookings for December and the first quarter of 2011 appear much weaker than hoped.“The group is not yet able to determine whether this reflects the recent trend towards later bookings or an underlying softness in demand,” Aer Lingus said.Looking ahead to 2011, Aer Lingus said it shared concerns recently expressed by the International Air Transport Association that the durability of the current aviation sector upturn is in increasing doubt in both Europe and North America and that growth will slow in 2011.It added that weakness in North America and Europe would be further compounded by the weakness of the Irish economy.Market expectations for Aer Lingus’ full year operating profit range between €25m (£22m) and €29m, with the consensus at €27m. Irish airline Aer Lingus yesterday said it expected to report full year underlying operating profit at the top end of market forecasts provided industrial action by cabin crew and pilots doesn’t disrupt operations.Earlier cabin crew at the former flag carrier started “work to rule” action against management plans for increased working hours at the airline by sticking to original rosters. The airline also faces a ballot by its pilots over possible industrial action. Wednesday 13 October 2010 7:20 pm Show Comments ▼center_img Share Tags: NULL Aer Lingus profit to hit top of forecasts whatsapplast_img read more

US and China set for trade talks

first_img The United States and China will hold annual high-level trade and economic talks the week of 13 December in Washington, a top US trade official said yesterday. US undersecretary of commerce Francisco Sanchez said he hoped for progress on resolving US concerns about Chinese barriers to its government procurement market and protection of US intellectual property rights at the annual US-China Joint Commission on Commerce and Trade meeting. Show Comments ▼ Tuesday 19 October 2010 7:36 pm Tags: NULL KCS-content Share whatsapp US and China set for trade talks More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapplast_img read more

ANALYST VIEWS: WHAT DO THESE RESULTS MEAN FOR PEARSON?

first_img Show Comments ▼ Share whatsapp JONATHAN JACKSON | KILLIK & COThe group is well placed to benefit from the structural changes in its markets towards digital delivery, personalisation, subscription services and mobile devices. We remain positive on the shares.SAM HART | CHARLES STANLEY RESEARCHWe expect the group to deliver solid earnings growth whatever the shape of global economic recovery. The sound balance sheet and reasonable valuation means we reiterate our ‘Accumulate’ recommendation.LORNA TILBIAN | NUMISPearson has benefited from its focus and sustained investment relative to peers in the downturn, and we view it as the pick of the more defensive media stocks. Our recommendation remains ‘add’. ANALYST VIEWS: WHAT DO THESE RESULTS MEAN FOR PEARSON? by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comcenter_img KCS-content Monday 25 October 2010 8:16 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Tags: NULLlast_img read more

Royal Mail reports fall in profits

first_img whatsapp Tuesday 2 November 2010 9:47 pm Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share Royal Mail reports fall in profits center_img whatsapp PROFITS at state-owned postal service Royal Mail tumbled in the first half, highlighting the mammoth task the government will face in finding a trade buyer or completing a flotation.In the six months to the end of September, operating profit plunged by 72 per cent to £52m, against £184m a year earlier,as falling mail volumes, stiff competition, and the inexorable rise of electronic communication took their toll. Revenues tumbled from £4.6bn to £4.4bn.Vince Cable, the business secretary, recently unveiled plans to privatise 90 per cent of Royal Mail, either through a flotation or trade sale. Trova Consulting, an advisory firm commissioned to value to postal service, said it could be worth as little as £700m. Possible trade buyers include dutch rival TNT and Deutsche Post. KCS-content Tags: NULLlast_img read more

New business boost for St James’s Place

first_img Share Tuesday 2 November 2010 9:27 pm KCS-content whatsapp WEALTH manager St James’s Place announced healthy growth in the three months ending 30 September, with new business of £136.5m, up 30 per cent, on an annual premium equivalent (APE) basis. Total single investments were also up to £1.1bn from £0.8bn, an increase of 32 per cent on the same time last year. St James’s Place now has £24.8bn under management, after seeing an inflow of £700m in the quarter, an increase of 11 per cent. Funds under management have doubled over the last five years, said the firm. The group says that it continues to retain 95 per cent of clients’ funds.David Bellamy, the chief executive, put the results down to healthy global stockmarkets over the last few months, and also “the increasing breadth of our investment offering and the strength of our distribution.” He added: “Although the outlook was uncertain earlier in the year, 2010 is proving to be a very successful year. While we are up against tougher comparatives in the short term we remain confident in our ability to deliver average new business growth within our 15-20 per cent per annum range over the medium term.”The wealth manager, which was founded by Jacob Rothschild and Mark Weinberg in 1991, said that it is continuing to develop its range of funds such as the one that it recently launched with fund manager Artemis.The results were in line with forecasts and analysts wondered if it spelled the end of a period of rapid growth for St James’s, as the APE number was lower than in the last three quarters. In a note, Numis’s David McCann said that: “Productivity is beginning to level out rather than continuing to grow significantly.” It estimated growth for the fourth quarter of 11 per cent and 16 per cent for next year, just inside the company’s target range. St James’s Place, which is 60 per cent owned by Lloyds Banking Group, saw its share price close down 4.90 per cent at 263.90p, well below its year-high of 298p. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo New business boost for St James’s Place center_img Tags: NULL Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

MPC poised to hold rates at 0.5 per cent

first_imgWednesday 8 December 2010 7:34 pm whatsapp KCS-content Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald MPC poised to hold rates at 0.5 per cent Show Comments ▼ Tags: NULL INTEREST rates are expected to stay at 0.5 per cent today, after the Bank of England’s rate setting committee meet for the final time this year.A split has emerged in the Monetary Policy Committee (MPC) in recent months, with “hawk” Andrew Sentance pushing the case for a rate rise and “dove” Adam Posen arguing for a further bout of quantitative easing (QE2).But seven of the nine voting members remain on the fence, opting against a move in either direction. “The difficulty is the unprecedented nature of the situation since the credit crunch,” said Peter Spencer of the Ernst and Young ITEM Club.After a normal recession inflation should have dropped, he said.Bank governor Mervyn King has been forced to write several letters to chancellor George Osborne to explain why inflation remains well above the two per cent target.King has argued that the MPC is concerned about medium term inflation, not short term effects.The committee is “ready to adjust policy in either direction,” he said.Since the MPC’s November announcement, the Office for Budget Responsibility (OBR) released its economic and fiscal outlook.The OBR slightly lowered the projected growth rate for the next two years, but remains optimistic about GDP increasing by over two per cent per annum.And employment will increase, according to the OBR. “Private sector job creation more than offsets falling public sector employment – just as it did during the 1990s,” the report stated.The MPC’s statement today will be followed next week by the Bank’s quarterly bulletin-CITY A.M. | SHADOW MPCALLISTER HEATH | CITY A.M“The economy is continuing to grow, led by manufacturing in particular. There is much less spare capacity than people realise, one reason why inflation is too high for comfort. We need a small hike in rates now to send a strong message to the markets.”SIMON WARD | HENDERSON“Raise by 0.5 per cent. Policy is much too loose, as evidenced by nominal domestic demand growth of 7.1 per cent in the year to the third quarter, the highest since 1998. Consumer inflation expectations have surged, threatening stronger wage pressures in 2011.”GEORGE BUCKLEY | DEUTSCHE BANK“The economic news has been consistent with keeping policy on hold for the time being, ruling out rate increases or further QE. If the recovery continues the Bank could begin raising rates from mid 2011, however.”PHILIP SHAW | INVESTEC“Domestic economic news has been relatively encouraging over the past month, while inflation news has been disappointing. Further QE seems unjustified, at least at this stage, and rates should stay at 0.5 per cent.”VICKY REDWOOD | CAPITAL ECONOMICS“Given the tricky combination of a renewed rise in inflation and the looming fiscal squeeze, I’d leave policy unchanged – but with a bias towards more QE if the recovery disappoints in the following quarter.”TREVOR WILLIAMS | LLOYDS BANKING GROUP“UK growth has been healthy recently but with fiscal tightening and the VAT rise to come, plus the backdrop of weakening growth in Europe, the prospects for a sustained recovery are not yet secure enough to warrant a tightening of policy.”HOWARD ARCHER | IHS GLOBAL INSIGHT“No change. The economy is ending 2010 reasonably well and there currently seems little need for more QE. But I would not raise interest rates given the threats to growth coming from the fiscal squeeze and events in the Eurozone.”JAMIE DANNHAUSER | LOMBARD STREET RESEARCH“Output growth through the fourth quarter of the year appears to be robust, especially in manufacturing. If anything, inflation could surprise on the upside in the near-term. Leave monetary stance unchanged.”GRAEME LEACH | IOD“We don’t want or expect any pre Christmas surprise. Rates and QE need to remain on hold but we view the anaemic level of broad money growth with concern. Growth prospects will weaken in the first half of 2011, and more QE is very possible.” last_img read more

Tensions flare between euro leaders over bonds

first_img whatsapp KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com THE interest on core Eurozone gilts was showing signs of a spreading crisis of confidence at Europe’s heart yesterday, as German 10-year yields spiked to a seven-month high at three per cent. The pressure is telling on the region’s leaders, with Luxembourg Prime Minister Jean-Claude Juncker lashing out at German chancellor Angela Merkel for what he called her “un-European manner”.Regarding Merkel’s comments that issuing single, region-wide Eurozone bonds (or “E-bonds”) would not be legal under current treaties, he retorted: “The proposal is being rejected before it has been studied. Germany’s thinking is a bit simple on that.”A German official responded coolly: “It certainly doesn’t help anyone when the individual players call each other ‘un-European’.”Merkel has provoked growing anger among her Eurozone allies by rejecting E-bond proposals and repeatedly suggesting that sovereign bondholders should be on the hook for bailout costs.Her rhetoric, designed to play to populist discontent at home about the cost of bailing out indebted states, has raised concerns among officials that conflicting interests at the Eurozone’s core are fraying its political union. whatsapp Share Wednesday 8 December 2010 8:52 pm Tags: NULL Tensions flare between euro leaders over bonds Show Comments ▼last_img read more

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