Roberto Abraham Scaruffi: Bank of England warns of the consequences of thrift

Monday, 21 September 2009

Bank of England warns of the consequences of thrift

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Finance
Bank of England warns of the consequences of thrift An attempt by British consumers to rein in spending after the harsh lessons of the recession could limit growth and therefore depress household income further, the Bank of England warns today.
Tony Ball A bitter row has broken out between ITV shareholders over the board's preferred appointment of Tony Ball as chief executive due to pay demands that one institution labelled "arrogant and greedy".
A dollar bill The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.
The cash for bangers scheme is set to earn the Treasury a major windfall, The Daily Telegraph has learned.
GKN, the engineering group, is 250 years old this month. Andrew Lorenz, author of a new book about GKN, tells how it was transformed by the recession of the early 1980s
Gordon Brown, the Prime Minister, has urged world leaders "not to switch off the life support" of stimulus packages and risk derailing economic recovery.
telegraph.co.uk today
PJ O'Rourke: 'I survived the Sixties, Seventies and Eighties largely thanks to a poor constitution. If I got drunk and stoned, I couldn?t do it the next day' PJ O'Rourke, America's favourite living wit, talks to Philip Sherwell about drugs, cars and his recent brush with cancer