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Duncan Innes

BBC News - UK and the EU: Better off out or in? - 0 views

www.bbc.co.uk/...uk-politics-20448450

bbc news EU europe referendum tax jobs

shared by Duncan Innes on 16 Jan 13 - No Cached
  • Duncan Innes on 16 Jan 13
     
    Great Analysis or whether The UK should pull out of the EU
Duncan Innes

BBC NEWS | Country Profiles - 0 views

news.bbc.co.uk/...default.stm

geography countries country country profile economic data world statistics reference politics resources History

shared by Duncan Innes on 13 Mar 13 - Cached
  • Duncan Innes on 13 Mar 13
     
    Country profiles from the BBC
Duncan Innes

BBC News - Ten things about your money and how they spend it - 0 views

www.bbc.co.uk/...uk-politics-15843746

news tax

shared by Duncan Innes on 13 Dec 11 - No Cached
  • Duncan Innes on 13 Dec 11
     
    10 things you need to know about tax!
Duncan Innes

BBC News - Your taxes: What you pay and what you get back - 1 views

www.bbc.co.uk/...uk-politics-13633966

economics bbc poverty tax income inequality nick robinson video

shared by Duncan Innes on 23 Nov 11 - No Cached
  • Duncan Innes on 23 Nov 11
     
    Do you pay more tax than you get back?
Duncan Innes

BBC News - Budget 2014: UK economic and financial statistics - 0 views

www.bbc.co.uk/...uk-politics-26637424

bbc news budget statistics

shared by Duncan Innes on 20 Mar 14 - No Cached
  • Duncan Innes on 20 Mar 14
     
    Stats at the budget
Duncan Innes

Growth or cuts? Keynes would not back the coalition - especially over jobs | Business |... - 0 views

www.guardian.co.uk/...conomy-coalition-labour-keynes

cuts growth politics austerity economics Guardian deficit Interest rates inflation osbourne

shared by Duncan Innes on 18 Jan 11 - No Cached
  • Conversely, if the jobless total rises by Easter, inflation edges above 4% and consumers save rather than spend, Labour will be able to say that it is the coalition that has messed things up, killing off growth with its ill-timed and harsh austerity programme.
Duncan Innes

Transparency International - the global coalition against corruption - 1 views

www.transparency.org/...results

map politics transparency

shared by Duncan Innes on 13 Sep 11 - No Cached
  • Duncan Innes on 13 Sep 11
     
    corruption global map
josh mower

BBC News - Could Greece be Europe's Lehman Brothers? - 0 views

www.bbc.co.uk/...business-14818439

bbc.co.uk_mews

shared by josh mower on 16 Sep 11 - No Cached
  • Could Greece be Europe's Lehman Brothers?
  • Three years ago today, US Treasury Secretary Hank Paulson made a momentous decision - to let the investment bank Lehman Brothers fail. The US government had helped to rescue a string of financial institutions, but markets kept pushing more to the wall. Mr Paulson was running out of time and options. There was no political support in Washington to keep throwing money at the problem. Wall Street would just have to learn to bear the consequences of its own folly. Today, many say that it was the wrong decision. The resulting financial meltdown (the stock market plummeted 43%) forced the authorities to do exactly what they had been trying to avoid - commit trillions of dollars to rescue the financial system.
  • Now fast-forward to the present. The "troika" of lenders to Greece - the European Union, International Monetary Fund (IMF) and European Central Bank (ECB) - may soon face a similar moment of reckoning.
  • ...5 more annotations...
  • The government in Athens has consistently failed to cut its overspending as much as promised, and keeps coming back for more money. The Greeks complain that spending cuts demanded by the troika are killing their economy, which in turn pushes their tax revenues down, stoking the need to borrow yet more.
  • Would they really pull the plug on Greece to make an example of it? Or, with daily protests on the streets of Athens, could Greece itself walk away from the table? And if so, would it trigger another global meltdown?
  • Certainly it would be irrational for Greece to stop playing ball. Cut off from the troika's bailouts, the country cannot borrow. But even if it stopped paying its debts, Greece would still face enormous pain. Last year the government borrowed the equivalent of 10.5% of annual economic output, just to fund general government spending.
  • That overspend would have to stop immediately - far worse austerity than the troika demands. The Greek banks would also collapse, bereft of outside support. Having crossed the Rubicon of unilateral default, many economists believe the Greeks would leave the euro altogether. One reason is the need to devalue its currency to restore competitiveness. "Greece needs to move its exchange rate by at least 30% to have any chance of getting jobs back," says Mr Booth. Another is that the Greek central bank could then fund the government's continued borrowing with freshly-printed drachmas. But inflation would soar, and imports especially would become very expensive
  • That threatened a chain reaction of bankruptcies, which in turn caused a collapse of confidence throughout the financial system.
  • josh mower on 16 Sep 11
     
    If Greece defaults would it lead to another recession?
Duncan Innes

FT.com / Americas / Politics & Policy - Brazil hits imported cars with tax increase - 0 views

www.ft.com/...86-11e0-bd01-00144feabdc0.html

FT.com trade tariffs inflation Brazil Currency Wars jobs cars exchange rates

shared by Duncan Innes on 18 Sep 11 - No Cached
  • Duncan Innes on 18 Sep 11
     
    Brazil's introduction of tariff to protect domestic jobs may be inflationary.
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