Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
How to lose money: Our flawed fixation on the safety of cash is losing us billions every year June 7, 2015 Savers in the UK rely far too heavily on cash. Between us, we have an astonishing £729bn sitting in savings accounts of various kinds, and it’s been earning only around 1 per cent a year on average since 2009. Fifty per cent of that money is in instant access accounts earning less than half that. The [...]
Can a currency save an economy? What the UK example teaches us June 2, 2015 Much has been said of global currency wars in the past few years. If there has been such a war, then arguably the UK fired the opening shot with a trade-weighted depreciation in the value of the pound of nearly 30 per cent between the summer of 2007 and the end of 2008. This was [...]
The global economy is vulnerable – but we must stop panicking about deflation May 20, 2015 As UK inflation turned negative in April, some took the news as yet more evidence that the spectre of deflation haunts the world economy. Deflation is all too often seen as a dark cloud hovering over the horizon, about to unleash its destructive force. But deflation and depression are not synonymous. The Great Depression in [...]
Enjoy it while you can! Analysts say deflation will not be here to stay May 19, 2015 Deflation has finally arrived in the UK for the first time since the 1960s, but economists are almost unanimous in saying it will be temporary. Inflation – as measured by the year-on-year change in the consumer price index (CPI) – was minus 0.1 per cent in April. The last time inflation was this low, [...]
UK deflation: Why the normal rules just don’t apply May 19, 2015 Today, it was announced that the UK is in a period of deflation. It will almost certainly be a brief period. On the face of it, there is not much difference between the price level being stable and the price level falling by 0.1 per cent a year. At that rate, it would take [...]
What is the difference between good and bad deflation? May 19, 2015 Official data released today has shown that the UK slipped into deflation for the first time in over 50 years. Normally the word deflation has economists running for the hills, but this time around the mantra has been that this is very much a case of "good deflation". But just what is good deflation, and [...]
Inflation turns negative for the first time in over 50 years – but it should only be a blip May 19, 2015 Britain fell into deflation for the first time since the 1960s after data released today showed the consumer price index (CPI) had dipped into negative territory. The Office for National Statistics said prices fell 0.1 per cent in the year to April on a fall in air and sea fares due to the timing of [...]
Deflation, no demand: Global economies struggling to up inflation and stagnation is on the rise May 18, 2015 We are now well into the second phase of post-financial crisis recovery. The first, terrifying phase was the period when central banks had to cut interest rates to zero and then develop and deploy new, unconventional weapons, including QE. The European Central Bank (ECB) had to be more imaginative than others, as it tried [...]
Britain could be about to enter brief deflation May 17, 2015 The UK could enter deflation for the first time since comparable records began when figures are released tomorrow morning. Yet most economists believe inflation’s venture into negative territory will be short-lived, given that oil and global food prices have halted their declines. The consumer price index (CPI) – the basket of goods used to measure [...]
Turnover across UK restaurants reaches £21.6bn May 17, 2015 The turnover of Britain’s restaurant industry has risen by 39 per cent since the recession thanks to a wave of new start-ups and the growth of smaller chains to reach £21.6bn last year. Finance provider LDF said the turnover of the restaurant sector has grown from £15.5bn in 2010, driven by the expansion of so-called [...]