Britain’s biggest banks have to withstand this doomsday scenario April 29, 2014 Banks have been told they have to be able to cope with a 35 per cent crash in house prices, a 3.5 per cent fall in GDP and unemployment of almost 12 per cent if they want to avoid further pressure from the Bank of England. These type of stresses have all happened in [...]
Britain is the sick man of the G7 on productivity April 24, 2014 Productivity growth is what makes nations and workers rich – productivity rises when the same people working the same hours create more output, and it is a crucial indicator of progress. But since the financial crisis Britain’s performance has been appalling. In the five years from 2007 to 2013, output per hour worked [...]
