UK News

Insights from the UK and beyond

from MacroScope:

How uncertain exactly is the uncertain BoE?

king-inflation.jpgFor a central bank that looks certain to bust its 2 percent inflation target for most of the time between now and the London 2012 Olympics, there is still a lot of uncertainty out there.

Bank of England Governor Mervyn King referred to "uncertain" or "uncertainty" about the outlook five times at the May quarterly Inflation Report press conference according to the bank's transcript, and the latest one didn't seem much more confident in tone.

"There is great uncertainty about the outlook for both the United States and our most important trading partner, the euro area," King said in his opening remarks before taking questions from reporters.

Later on, he proclaimed that the recovery period "will take several years before we adjust back to anything we can call remotely normal."

from MacroScope:

‘Ken Clarke for Chancellor’ is no joke

Ken Clarke shouldn’t underestimate how strongly the city economists polled by Reuters last week want to see him serve as Britain’s finance minister next term.

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The Conservative shadow business secretary and one time ex-Chancellor gleaned a few laughs from Thursday’s BBC Question Time audience when asked about the poll, saying: “There’s a limit to how much of a glutton for punishment you’re going to be.”

Who do you blame for the credit crisis?

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Bankers, politicians and regulators have taken their share of the blame for the credit crisis.

Gary Jenkins, Head of Fixed Income Research at Evolution Securities, polled about 200 investors for a more specific view on who was at fault.

Rate politicians on grassroots website

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If you are among the 51 percent of eligible voters expected not to participate in the European elections you can still cast a ballot of sorts — online and from the comfort of home.

Rate Your Politician, billed as an “e-democracy” website for users in Northern Ireland, Scotland, England and Wales by its Belfast-based founders, provides a grassroots voting platform on politicians and political topics.

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