Specialized search for economics

42+ min ago (1123+ words) Prices are rising on everything from energy to food " but there are ways to cushion the impact Inflation measures how much prices rise over time. It is measured officially by the Office for National Statistics (ONS). The most recent CPI inflation rate for October 2025 is 3.6%. This means, on average, something that cost "100 this time last year will cost "103.60 now. Inflation is down slightly from the September rate of 3.8% but that doesn't mean prices have stopped rising. It only means they're not rising as quickly as before. For prices to stop going up, inflation would have to be 0%. For prices to fall, inflation would have to be negative " this is known as deflation. Inflation is important " it means the same money will buy you less each year. It also has an impact on interest rates because the Bank of England is…...

6+ hour, 43+ min ago (355+ words) Chair Jerome H. Powell At the George P. Shultz Memorial Lecture Series: Shultz and Economic Policy, Hoover Institution, Stanford University, Stanford, California I am deeply honored to have been asked to speak here today about the remarkable legacy of George Shultz. Just to be clear, I will not address current economic conditions or monetary policy. I have been an admirer of George Shultz since my college years. I saw him then and now as a great role model, as I mentioned a few months ago when delivering the Baccalaureate address to Princeton's class of 2025, 50 years after my own graduation.1 Today, our focus is on George's extraordinarily broad economic accomplishments. I also want to celebrate the remarkable man and policymaker that he was. Several things stand out for me. He was a man who combined strong principles and unshakeable integrity with common sense…...

7+ hour, 46+ min ago (825+ words) The government is trapped between Labour's instincts and bond traders' demands. Sensible fixes exist, but require imagination ministers have yet shownThe confected frenzy splashed across the morning front pages from the Telegraph to the Mail is remarkable mostly for its absurdity. An outrage machine has decided that a forecast of a few billion pounds in a model that makes projections about trillions of pounds of taxes and spending is the lie of the century. We can't predict the weather next year, but apparently the public finances in 2029 can be judged with pinpoint accuracy. That's why the headlines about "holes" and "sleaze probes" are a joke. It is theatre, but it is bad theatre.The Office for Budget Responsibility (OBR) possesses no great moral or predictive authority. Yet many of its accusers and defenders treat it as an all'seeing oracle. In…...

8+ hour, 39+ min ago (1774+ words) Treasury's independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe OBR chair quits after inquiry into early release of Reeves's budget Rachel Reeves has been accused of overstating the damage to the UK's public finances from a downgrade of economic growth by the Treasury's independent economic forecaster, the Office for Budget Responsibility. In the aftermath of last week's budget, the focus has turned to who knew what and when in the long run-up to the budget. Opposition calls for the chancellor to resign have grown since Friday when the OBR said the outlook for the economy was rosier than Reeves, who was privy to early drafts of the OBR report, had given everyone to believe. Here is a timeline of events to show how we got here. In June the Guardian revealed that revised forecasts…...

8+ hour, 43+ min ago (474+ words) The Reserve Bank's "narrow path" approach to taming inflation while minimising damage throughout the economy was "not the right strategy", an economist has claimed, as the central bank faces a "disaster scenario". That is the wake up call a leading economist has delivered the central bank ahead of its meeting next week, where it is almost guaranteed to hold the cash rate at 3.6 per cent after inflation jumped above expectations in October. Inflation is now well outside the RBA's two to three per cent target band and some economists are predicting the central bank will be forced to hike rates again. EQ Economics managing director Warren Hogan is amongst those and said inflation's jump to 3.8 per cent showed the economy was at capacity. "As we saw last week, (we're) creating inflation that is now not only running above the RBA's…...

10+ hour, 9+ min ago (146+ words) Richard Hughes departs after investigation into how official forecaster accidentally published budget 40 minutes early Richard Hughes, the chair of the Office for Budget Responsibility, has quit after the findings of an urgent inquiry by the watchdog into how it inadvertently published Rachel Reeves's budget 40 minutes early. Hughes wrote to the chancellor and to Meg Hillier, the chair of the Treasury select committee, last week to apologise after the OBR uploaded its documents setting out the details of the budget before Reeves began to speak on Wednesday. Hughes commissioned Ciaran Martin, the former chief executive of the National Cyber Security Centre, to assist with a rapid investigation into what happened, overseen by the independent members of the OBR's oversight board, Sarah Hogg and Dame Susan Rice. Hughes's departure came after Reeves told the Guardian on Friday that she had confidence in…...

10+ hour, 25+ min ago (1442+ words) Revitalize the Nation through Science and Education, Strengthen the Country through Business Administration.The TOP100 List of MBA Programs of China Business School is based on a number of indicators such as program faculty, talent cultivation, curriculum, discipline integration, brand influence and other important dimensions. The list is presented as follows: 1. School of Economics and Management, Tsinghua University 2. Guanghua School of Management Peking University 2. Antai College of Economics & Management, Shanghai Jiao Tong University 4.School of Business, Sun Yat-sen University 5.School of Management, Fudan University 6.Business School, Renmin University of China 7.Business School of Harbin Institute of Technology 8.The School of Management, Xi'an Jiaotong University 9.College of Business, Shanghai University of Finance and Economics 10.School of Management, Huazhong University of Science & Technology 11.School of Management, University of Science and Technology of China 12.Business School of Nankai University 13.Economics and Management School of…...

10+ hour, 48+ min ago (231+ words) Pippa and Kiran discuss the prime minister's speech on Monday and ask whether it will take attention away from allegations that the chancellor misled the public with her budget statements. Plus: chaos at Your Party's first conference Continue reading... Can Keir Starmer save Rachel Reeves? " podcast Pippa and Kiran discuss the prime minister's speech on Monday and ask whether it will take attention away from allegations that the chancellor misled the public with her budget statements. Plus: chaos at Your Party's first conference - Read Keir Starmer's article defending the budget in the Guardian here and Kiran's analysis of Keir Starmer's speech here - Read Peter Walker's piece from inside Your Party's first conference here - Please send your questions and messages for Pippa, Kiran and John to [email protected] Can Keir Starmer save Rachel Reeves? " podcast Pippa and Kiran discuss the prime minister's…...

13+ hour, 56+ min ago (724+ words) The Federal Republic is on an economic crash course. A return to a market economy seems impossible as long as an oversized party cartel rigidly defends the course of the green transformation. The relaxation of the moral contact ban with the AfD by the Association of Family Businesses could now expose the ideological devastation of this path. Return to Open Discourse At its core, Ostermann decided something that should be self-evident in a parliamentary democracy: a return to open dialogue. In early October, she invited AfD parliamentarians for the first time to a parliamentary evening hosted by her association " together with representatives of other parties. This is how things normally work when an association claims political neutrality for itself. Ostermann justified this step by explaining that the strategy of total exclusion had not weakened the AfD. The party must now…...

14+ hour, 12+ min ago (150+ words) Keir Starmer has been pushed to defend his chancellor after she was accused of lying in the run-up to the autumn budget. Rachel Reeves is alleged to have misled the public by citing bleak economic forecasts from the Office for Budget Responsibility to justify tax rises, even though the figures were more positive than she suggested. Lucy Hough is joined by the head of national news, Archie Bland Continue reading... Has Rachel Reeves been economical with the truth? " The Latest Keir Starmer has been pushed to defend his chancellor after she was accused of lying in the run-up to the autumn budget. Rachel Reeves is alleged to have misled the public by citing bleak economic forecasts from the Office for Budget Responsibility to justify tax rises, even though the figures were more positive than she suggested. Lucy Hough is joined…...