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Saturday, November 21, 2009 7:43 PM

Centre for Economics and Business Research Ltd

Type: Company
Name: Centre for Economics and Business Research Ltd
First Reported 11/19/2009 - Updated 11/19/2009 - 3 Documents
OECD - Click to view 360-page
OECD
The OECD urged action on Thursday as new data showed Britain plunging ever deeper into debt, one day after Prime Minister Gordon Brown pledged a new law to fix public finances.Prime Minister Gordon Brown (left) and Conservative Party leader David Cameron ... [France24 - 11/19/2009]
First Reported 11/20/2009 - Updated 11/20/2009 - 2 Documents
UK borrowing ballooned by a higher than expected 11.4 billion in October, official figures showed today.The record rise for the month takes public sector net borrowing for the financial year so far to 86.9 billion, the Office for National Statistics (ONS) ... [24dash.com - 11/20/2009]
First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents (in Economy)
The Labour Party (United Kingdom) - Click to view 360-page
The Labour Party (United Kingdom)
LONDON (AFP) Britain's public finances worsened by a record amount in October, official data showed on Thursday, one day after pledged legislation to halt the damage. Britain's public sector net borrowing requirement -- the Labour government's preferred ... [AFP via Yahoo! - 11/19/2009]
First Reported 11/19/2009 - Updated 11/19/2009 - 1 Documents
Labours hopes for a feel-good mini-Budget next month have been dashed as plunging tax receipts drove Britain further into the red.Analysts warned that Britain will need to borrow as much as 200 billion this year after it was revealed that in October, ... [Times Online - 11/19/2009]
First Reported 23 hours ago - Updated 23 hours ago - 1 Documents
Interest rates are set to remain low for another five years. Sterling could fall further. More taxrises are inevitable. The public deficit is growing. The recession is not yet over.All in all, the UK economy's tale of woe looks set to continue… and ... [Tenerife News - 23 hours ago]
First Reported 11/17/2009 - Updated 11/18/2009 - 2 Documents
The new laws on bonuses, if passed, would apply only to new contracts The government has outlined two new bills in the Queen's Speech designed to strengthen financial regulation and reduce the nation's debt levels.The Financial Services Bill calls for ... [BBC - 11/18/2009]
First Reported 11/18/2009 - Updated 11/18/2009 - 1 Documents
Bank of England - Click to view 360-page
Bank of England
The Bank of England’s Monetary Policy Committee (MPC) faced a three-way split at its meeting earlier this month, according to minutes published today.Seven members of the MPC voted in favour of increasing the asset purchase programme (quantitative easing) ... [ERTonline.co.uk - 11/18/2009]
First Reported 11/15/2009 - Updated 11/15/2009 - 1 Documents
Contracts will change to discourage excessive risk-taking, ministers say Bankers who take 'reckless' risks with investments could be stripped of future bonuses, the government has said.City minister Lord Myners said banks must be 'more secure', with taxpayers ... [BBC - 11/15/2009]
First Reported 11/17/2009 - Updated 11/17/2009 - 1 Documents (in Economy)
Hetal Mehta, senior economic advisor to the Ernst & Young Item Club Today's increase in inflation is a reflection of base effects from inflation falling after last year's September peak. This is currently offsetting downward pressure arising from the ... [Guardian.co.uk - 11/17/2009]
First Reported 11/17/2009 - Updated 11/17/2009 - 1 Documents
Record household debt and the ballooning budget will act as brakes on the UK's 'fragile' economic recovery, a Bank of England policymaker warned last night.Recovery: Could be slower than previously thought due to record household debt OTHER STORIES ... [This Is Money - 11/17/2009]
First Reported 11/18/2009 - Updated 11/18/2009 - 1 Documents (in Economy)
Jonathan Loynes, chief European economist at Capital EconomicsThe minutes of October's MPC meeting left the door to further monetary policy action to support the economy still slightly ajar. Admittedly, only David Miles voted for a bigger extension of ... [Guardian.co.uk - 11/18/2009]
First Reported 11/17/2009 - Updated 11/17/2009 - 1 Documents
News by categoryGiving the Financial Services Authority (FSA) the power to tear up bankers' contracts could distract from more important issues, PricewaterhouseCoopers (PwC) has warned.The financial services bill, which will be outlined in the Queen's ... [GAAP Web - 11/17/2009]

Quotes

...chief executive of the Centre for Economics and Business Research, said borrowing could come close to 200 billion this year - well over target. "Our view is that excess spending based on over-optimistic projections of tax receipts has been a root cause of the excess borrowing. All eyes will be on the Chancellor's Pre-Budget Report. 'With the UK's bond rating under scrutiny, it will be necessary to take action in the PBR that does not depend, as last year or in the Budget, on over-optimistic growth forecasts or on expectations of tax receipts from higher taxes on potential taxpayers, who in reality will turn outout to be internationally mobile.' Downing Street said that the borrowing figures were 'broadly in line with what we expected'."
Economist Douglas McWilliams at the Centre for Economics and Business Research consultancy said public borrowing for the year was "likely to exceed the chancellor's forecast of 175 billion pounds by over 20 billion pounds."

More Content

All (372) | News (353) | Reports (0) | Blogs (19) | Audio/Video (0) | Fact Sheets (0)
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Interest rates v. stockmarkets [Tenerife News - 23 hours ago]
UK borrowing 'higher than expected' at £11... [24dash.com - 11/20/2009]
Tax: Gordon Brown says rises will solve debt cr... [Daily Express - 11/20/2009]
Falling tax take quashes feel-good mini-Budget [Times Online - 11/19/2009]
OECD urges action as Britain's debt mounts [France24 - 11/19/2009]
Britain plunges further into debt as OECD urges... [Yahoo! Canada - 11/19/2009]
OECD urges action as Britain's debt mounts [AFP via Yahoo! - 11/19/2009]
British public finances worsen in blow for PM [AFP via Yahoo! - 11/19/2009]
MPC split on quantitative easing [ERTonline.co.uk - 11/18/2009]
Queen outlines new banking laws [BBC - 11/18/2009]
Bank of England minutes: what the economists say [Guardian.co.uk - 11/18/2009]
City awaits new UK banking laws [BBC - 11/17/2009]
PwC issues warning over financial services bill [GAAP Web - 11/17/2009]
'Debt brake will delay economic recovery' [This Is Money - 11/17/2009]
Inflation: what the economists say [Guardian.co.uk - 11/17/2009]
Bankers intent on flouting pay rules should qui... [Times Online - 11/16/2009]
Myners fires warning shot on bonuses [Times Online - 11/16/2009]
'Reckless' bankers face bonus cut [BBC - 11/15/2009]
End to post strike brings little cheer to Labour [Socialist Worker - 11/14/2009]
Ames To Host Live Broadcast Of Space Shuttle La... [Red Orbit - 11/13/2009]
Britain lags as eurozone climbs out of recession [Telegraph - 11/13/2009]
When will interest rates rise? [This Is Money - 11/13/2009]
Switzerland's tax savings attract buyers [Times Online - 11/13/2009]
Swiss tax break lures Brits [Times Online - 11/12/2009]
Switzerland's big tax savings are attracting we... [Times Online - 11/12/2009]
Bank of England says Britain's recovery remains... [Lebanon Daily Star - 11/12/2009]
Bank urged not to stop QE [ERTonline.co.uk - 11/12/2009]
Car imports widen UKs September trade deficit b... [Belfast Telegraph - 11/11/2009]
Lunchtime Links: Where are these 46,000 new jobs? [eFinancial Careers - 11/11/2009]
NI rise threatens small businesses, warns FSB [Laundry and Cleaning News - 11/11/2009]
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Blogs

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November 15 2009: Instant gratification [The Automatic Earth - 11/15/2009]
Unknown Colorado man c. 1900 Ilargi: The desire for instant gratification has apparently pervaded all aspects of the times we live in, including the collapse of ...
Economists React: ‘Shocking’ U.K. GDP Data [WSJ.com: Real Time Economics - 10/23/2009]
U.K. gross domestic product contracted 0.4% in the third quarter from the second quarter, according to the first official reading. This dashed hopes of a return ...
Sterling hits five-month lows [FT Alphaville - 10/13/2009]
The outlook for global monetary policy shaped action on the foreign exchange markets on Monday, with sterling the main casualty, the FT reported. A report from the ...
CEBR UK Interest Rate Forecasts 0.5% Until 2011... [The Market Oracle - 10/12/2009]
The Centre for Economics and Business Research (CEBR) is forecasting that UK interest rates will stay at 0.5% into 2011 and not reach 2% until 2014. ...
Vote LibDem to Knock £100,000 Off Your Hou... [Guy Fawkes' blog - 09/21/2009]
This 1/2% tax on homes is basically updated Georgist economics.  Henry George was the most influential proponent of the land value tax, an idea that has floated ...
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