The government of the United Kingdom has pulled off one of the great political con jobs, writes David Ritter from London.
UK economy
Media briefs: News.com.au’s Struggle St struggles …. Leveson latest … reporting armageddon …
News.com.au’s struggle street struggles … gay marriage and knowing your history …Front Page of the Day …Leveson inquiry: subterfuge can be in public interest, says Guardian reporter …
Guy Rundle: A scared UK public sector take to the streets
Today was the day it all came home to people in the UK. The whole public service was out on strike, across the nation.
Your Say: Daily Mail readers' feedback: Unemployment in the UK
Crikey readers have their say.
Political snippets: Obama a boon for Gillard
Labor election campaign planners will be delighted with how the visit of Barack Obama has turned out.
Guy Rundle: Rundle: a little bit of the Cameron crew Fox off, hero to zero
You hardly knew where to look in London this week. The government didn’t fall, but a section of it sheared off, and fell into the sea.
Political snippets: Still healthy, wealthy and wise — but dropping in productivity
That’s the verdict of the Australian Bureau of Statistics according to its survey Measures of Australia’s Progress released this morning.
Time for Greece to be forced to live within its means
Greece’s creditors have lent in full knowledge of its poor credit history and reckless public spending, writes Adam Creighton, research fellow (Economics Program) at the Centre for Independent Studies.
Achieving the stagflation double
The UK Coalition government can be thankful for five year parliaments because it looks like it will achieve the stagflation double in its first year – rising inflation combined with a fall in gross domestic product, writes Richard Farmer.
WikiLeaks update: King’s GFC bailout … Ireland a ‘bit optimistic’ about economy …
Banking crisis now one of solvency not liquidity, says Bank of England governor … U/S Jeffery and A/S O’Brien press UK on Iranian banks … the bank guarantee: an Irish solution to an Irish problem … Spanish ambassador on Western Sahara, migration, Islamists … Pope Benedict’s visit to Sao Paulo …
Political snippets: Shamed by the Chinese?
As Australia continues to dither about dealing with CO2 emissions, there are reports that China is preparing to take action by introducing a cap-and-trade system.
Cameron emerges as a savage economic radical
David Cameron seemed like a safe choice as British PM but his first 100 days has exposed the new government as a radical force - with massive sector overhauls and widespread budget savings that amount to economic savagery, according to The Economist.
Business As Usual: Austerity club welcomes UK … the ‘kill or cure’ budget … China the Yuan to watch …
So is the move to a more flexible Yuan good or bad? Plus, What do Sigma Pharmaceuticals, Alesco Corporation and Elders have in common, Elders sunk and other business news of the day.
Political snippets: Glaring at Afghanistan through a McChrystal ball
The US commander in Afghanistan Stanley McChrystal is in big trouble, strange goings on up in the LNP in Queensland, Rudd’s secret polling and other political news of the day.
Business As Usual: UK spending cuts means days of whine and rises … Apple hits new high …
Britain joins the austerity club tomorrow night with about £85 billion of spending cuts. Plus, iPhone orders lift Apple’s worth again, US banks continue to fail and other business news of the day.
UK chancellor spends the night rearranging the deckchairs
It’s a case of back to the future in London as the new Conservative-Liberal Democrat government decides to give more power to the country’s central bank and its governor Mervyn King.
Business As Usual: BP seen as co-operative … Rumours of RSPT deal and Rio, BHP shares jump …
BP has gone from “wicked British petroleum” to “co-operative BP”, manufacturing is still holding up the US recovery, soccer the great leveller and other business news of the day.
Business As Usual: Spanish bank on ECB drip … Greek haircuts … a dead moggy in the markets
Spain doubles its financial borrowings, junk-rated Greece takes a trip to the barber, the sound of a dead cat bouncing, UK inflation falls and other business news of the day.
Business As Usual: Business as Usual: BP shares slide again … Britain slashes growth forecast, while Moody’s junks Greece rating …
Democratic congress pressure on BP to underwrite clean-up … Britain cuts public borrowing estimate to £155 billion; France tightens the reins too … Moody’s junks Greece rating …
Business As Usual: Japan’s jobless up … US economy grows slowly … UK capital gains tax fight …
US economy growing slowly, while sale of soft drink soars … Inflation is down in most of Europe … A reminder for Rio Tinto … The Tele rails against plans for a capital gains tax boost in the UK …
Business As Usual: $1b write-down for Foster’s … Rough time for global markets … iPhones for 97 bucks …
Foster’s to separate wine and beer, tens of billions of dollars were wiped off global markets, US consumers are unmoved, a new iPhone is on the way, so the price plummets and other business news.
Business As Usual: Austerity the new cool in UK … and in Italy, too … Brazil waxes lyrical about big oil find …
It’s hair shirts all around in London … Italy cuts public sector hiring and pay … Changes in the wind for US bank ratings … Car sales figures here are up on last year … Brazil waxes lyrical about another big oil find …
Business As Usual: Up to 700,000 jobs may go in US … BSkyB takes a shine to MasterChef producer …
Big job cuts on the way in the UK … BSkyB takes a shine to MasterChef producer … US 10-year bond rate hits a new low … Aa another US bank bites the dust, the central bank in Spain gives the Catholic Church something to think about …
Business As Usual: DJ tops chain store list … Greece safe, sacks tourism minister … Euro down as shorts banned in Germany …
The loan arranger comes through for Greece, inflation becomes a headache for the new UK government, US wholesale prices take a tumble plus other business news of the day.
Business As Usual: UK tax! Now that’s a real tax … China wants America’s bonds … Going broke the only growth sector …
General Motors is back in the black … China is still doing its bit to prop up the US deficit … Countries defaulting? Poll says it’s a chance … Going broke it just about the only growth industry in the US …
