The article is about the scale of the budget deficit in the US.
Scroll down (would be better if you read the article aswell though!) to look at the graphic which illustrates the scale of this debt.
Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts
Thursday, 2 December 2010
Friday, 15 October 2010
QE in the UK Could Net the Treasury £7.75bn per Year
Good news for the Treasury...
The BoE is sitting on almost one quarter of the Gilts bought as a result of the QE programme (Asset Purchase Scheme). This entitles the BoE to around £7.75bn in interest payments.
The BoE retains this money to cover any losses made as a result of QE. However, should it make a profit then this will go to the Treasury - this helps alleviate the strain on the public sector finances.
Thursday, 7 October 2010
Monday, 4 October 2010
The One Payment Benefit System
Huge changes are being made to the benefits system to streamline the process and cut costs (austerity measures).
Wednesday, 29 September 2010
New EU Sanctions to Punish Deficit Rebels
The European Commission is plannining to unveil its new plans to fine countries that run large budget deficits which pose a threat to the Euro.
We will be covering this in class so I advise you to read the article...
Tuesday, 28 September 2010
The IMF Supports the UK's Fiscal Austerity Plans
"The UK economy is on the mend. Economic recovery is under way, unemployment has stabilised, and finacial sector health has improved", the IMF said.
Consumers told to Spend, Spend, Spend!
Hmmm, perhaps this advice would be easier to follow if we were all richer.
Read the article yourselves to decide whether this is the right way to invigorate our economy...
Thursday, 23 September 2010
BoE May Extend QE
The move to restart the QE programme will have a large impact on gilts.
This is an important issue for AH Economists to be aware of.
Wednesday, 22 September 2010
Ireland Bond Sales Goes Ahead Despite Concerns
Ireland managed to dispell rumours that it was vulnerable to a Greek style bond crisis by selling 1.5bn Euros worth of government bonds.
It will come at a price though as interest rates attached the bonds were as high as 6%.
We will be covering such issues in class, read more here to be ahead of the game!
It will come at a price though as interest rates attached the bonds were as high as 6%.
We will be covering such issues in class, read more here to be ahead of the game!
Tuesday, 21 September 2010
Monday, 13 September 2010
Friday, 10 September 2010
OECD Cautious over Cuts as Global Slowdown Continues
A leading think tank warns the UK Coalition Government against fiscal austerity measures and advises G7 against rate increases.Read more...
Robert Chote Called in to Restore the Office for Budget Responsibility's Credibility
The former director of the IFS will take over as Chairman of the OBR.
Thursday, 26 August 2010
Budget Will Hit Poorest Families Hardest
IFS announce that tax changes are 'regressive' so poorer families will be worse off.
Thursday, 22 April 2010
UK Deficit hits highest level since WW2
The UK deficit for 2009/10 was 167bn, less than the treasury had forecast but still the highest level since the war.
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