Brown’s luck has ‘run out’ October 17, 2005 Gordon Brown cannot hide behind high oil prices, according to Ernst & Young’s influential ITEM Club. The group — which uses the same economic modelling system as the Treasury — said that the chancellor’s luck has run out and that the poor shape of the British economy is solely down to domestic failings. Chief economic [...]
BCC slams Brown’s ‘alarming’ trade figures October 14, 2005 The British Chamber of Commerce (BCC) piled the pressure on Chancellor Gordon Brown yesterday, calling Britain’s manufacturing figures “alarming”. Even worse, the struggling manufacturing sector missed out on a much-needed boost from Britain’s bigger service sector, which simply failed to materialise. Manufacturing’s domestic balance fell from 19 per cent in the second quarter to 3 [...]
OECD gloomy over 2005 growth October 13, 2005 The Organisation for Economic Cooperation and Development (OECD) sided with hawks in the Bank of England’s Monetary Policy Committee yesterday, saying there was no need for an interest rate cut despite a flagging economy. It also cut its 2005 forecast for British economic growth from 2.4 to 1.7 per cent in a report released yesterday. [...]