Osborne has had a Thatcher handbag EU moment over Tobin Tax
So Berlusconi is off, possibly, but will it truly be the end of Bunganomics?
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So Berlusconi is off, possibly, but will it truly be the end of Bunganomics?
In a major statement backing the protest outside St Paul’s Cathedral, Dr Rowan Williams calls for moves to “effect credible change” in the financial system.
A windswept beach. A university town. And a few hundred protesters dressed as finance ministers symbolically burying their heads sand. It’s a lot harder to protest against the G7 rich man’s club, now that it’s the G20. The agenda is somewhat more murky when it is China refusing to discuss climate finance, rather than the…
Faisal Islam on German overtures on City bank tax
Nicolas Sarkozy says Bill Gates’ proposal of a ‘Robin Hood’ tax on financial transactions is “technically possible”, during the meeting of G20 leaders in Cannes.
Faisal Islam blogs on the IMF report into making banks pay their own way
David Cameron says he would definitely introduce a levy on banks to fund their debt to the taxpayer and create a rainy day fund for future bank crises. The Treasury is in a similar place, but is waiting on international agreements.
It was a far bolder speech than I expected from the PM to the capital of capitalism. He described himself as a “monetary radical”, which is a reference to the £275 billion of QE, and presumably the soon-to-be launched credit easing policy. It was a contrast with the European Central Bank and its lack of bazooka.
Angela Merkel and Nicolas Sarkozy are meeting to discuss ways to boost growth in eurozone states struggling to overcome the sovereign debt crisis and rising unemployment.
With David Cameron and his deputy Nick Clegg at odds over Europe, Channel 4 News takes the temperature in the City.
What did the UK “win” in Brussels that justified deploying the tactical weapon of the veto?
Have David Cameron’s actions in Europe isolated the UK politically? One German MEP tells Channel 4 News: “They’ve asked too much and got nothing.”
Two senior conservatives warn that a redrawn eurozone would make a referendum inevitable, despite the prime minister’s pledge to veto any EU reform plans that fail to protect UK financial interests.
Britain’s economic prospects take a hammering in Chancellor George Osborne’s autumn statement, as Economics Editor Faisal Islam explains.
Eurozone finance ministers should perhaps have been a little more respectful of Tim Geithner, writes Economics Editor Faisal Islam.