Bank of England holds interest rates and refrains from further QE
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
The quantitative easing stimulus programme has already injected £375 billion into the UK financial system.…
Barack Obama wins US presidential election
Barack Obama has won a second term as US president, defeating Republican Mitt Romney.
Barack Obama has promised that the “best is yet to come” for the US after winning another four years at the White House.
Following a bitter …
Bank of Japan boosts stimulus measures to encourage growth
The Bank of Japan (BoJ) has extended its asset purchasing programme by, 11 trillion yen ($138bn; £86bn). This brings the estimated total stimulus to 91 trillion yen.
This is the second time in as many months that the Bank of …
Changes to child benefit
Child benefit is changing. The UK tax office is to send letters to one million households this week warning parents they may lose child benefit payments.
Households where at least one person earns more than £50,000 will have the benefit …
UK economy returns to growth
The UK economy emerged from recession in the third quarter of 2012 (the three months from July to September 2012).
The Office for National Statistics advised that Olympic ticket sales had added 0.2 percentage points to the figures.…