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Philip Shaw

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City economists were back in the dock today after they wildly misjudged the depth of the recession.

23.10.09
City economists were back in the dock today after they wildly misjudged the depth of the recession ... more

City economists get it wrong as the recession drags on

23.10.09
City economists are back in the dock after they wildly misjudged the depth of the recession... more

Government borrowing surge costs us £63m a day

20.10.09
Government borrowing ballooned to nearly £80 billion in the first six months of the year — a staggering £425 million a day ... more

Dismal figures batter sterling

06.10.09
Sterling was hammered by a slump in factory output which cast fresh doubt over the economy’s health ... more

Bank summons boffins for urgent talks about QE

29.09.09
The City’s leading economists were hauled into the Bank of England this morning for a detailed question and answer session on its quantitative easing programme, otherwise known as printing money ... more

City doubts Bank of England money-printing plan is working

29.09.09
The amount of money moving around the economy is way behind the targets set by the Bank of England, indicating the Old Lady’s high-profile policy of quantiative easing is as yet failing to work... more

Economy gets boost from rise in mortgage lending

11.08.09
Britain's economic recovery received several boosts with news of a jump in mortgage approvals, share prices moving towards their best levels for 10 months and Jaguar Land Rover announcing that it no longer needed a bail-out... more

City 'experts' are left looking foolish by huge dive

24.07.09
City economists scrambling to rewrite forecasts for the year after a shocking decline in second-quarter output that none of them managed to predict... more

Economy is struggling back to health on factories’ output rise

01.07.09
The economy showed further signs of life as manufacturers put the worst of the recession behind them and the City bet interest rates will remain at record lows for another year ... more

Car sales still plummeting despite scrappage handout

04.06.09
Car sales remain in crisis despite the Chancellor's attempt to kick-start the market with a £2000 scrappage bribe... more

Mortgages boost eases business loans gloom

02.06.09
Mortgage approvals rose again in April but lending to businesses fell by almost £5 billion as firms continued to feel the squeeze ... more

Bank pressured to print more money as new cash is hoarded

01.05.09
The Bank of England was under pressure to print more money amid signs that its quantitative easing programme is not yet working ... more

Bank of England set to hold interest rates

07.04.09
The Bank of England looks set to hold interest rates steady this week for the first time since September, as it continues its £75 billion asset-buying programme to get the economy out of recession... more

Snow deters shoppers as UK retail sales plunge in February

26.03.09
British retail sales plunged in February, posting the lowest annual growth rate in more than four years, as heavy snowy and economic gloom kept consumers away from the shops, official data showed ... more

Inflation goes down to 3 per cent but it's not good news for Britain

17.02.09
Britain is braced for a dangerous bout of deflation after living costs barely increased last month... more

Libor rises for first time in three months

28.01.09
Banking: The interest rate at which banks lend to each other has edged higher for the first time since the Government bailed out the British banking system more than three months ago... more

Brown in final gamble: to print money

07.01.09
The Government may resort to printing extra money if interest rates keep falling... more

Bank faces calls to cut full percentage point

06.01.09
Economy: Pressure mounts on the Bank of England to cut interests rates by a full one percentage point when its monetary policy committee concludes its meeting on Thursday... more

Pound could soon be worth just one euro

05.12.08
Sterling was on course for its worst week ever against the European single currency, raising the prospect of a one pound euro. ... more

Shock in the City as UK economy falls off a cliff

24.10.08
City analysts warned that Britain could be facing a severe recession as ¡°truly dire¡± official figures revealed that the economy is contracting much faster than expected... more

Recession pressure on Bank to slash the rate

03.10.08
A half-point cut in interest rates is on the cards as Britain plunges into recession... more

Headache over rates as inflation hits highest since 1992

12.08.08
The Bank of England was today given a splitting headache after inflation soared to a shocking 4.4%... more

End is seen to US round of rate cuts

25.06.08
The US Federal Reserve was set to abandon its aggressive rate-cutting stance amid growing concerns over rising inflation... more

Slowdown fears pile up but Bank keeps rates at 5%

05.06.08
Bank of England left interest rates unchanged despite fears of a vicious slowdown in the economy... more

Slowdown fears pile up but Bank keeps rates at 5%

05.06.08
Bank of England left interest rates unchanged despite fears of a vicious slowdown in the economy... more

Price fears hold Bank back from a rate cut

08.05.08
The Bank of England resisted calls to make its first back-to-back cut in interest rates in nearly seven years as the threat of rising inflation persisted... more

City greets Bank help but warns on housing

21.04.08
The City welcomes the BoE's £50bn funding package - but warns there is no magic cure for the housing market... more

Grab a mortgage while you can, brokers urge

04.04.08
Homeowners are being urged to grab whatever mortgages they can as lenders continue to scrap deals... more

Borrowers told to act fast over mortgages

04.04.08
Mortgage brokers are urging homeowners to grab new loan deals now before they are scrapped... more

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