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These GDP figures are terrible news for the coalition
April 25, 2012 10:45 am 18 Comments
In the end, it wasn’t marginal. This morning GDP figures show Britain clearly back in recession, the dreaded double dip, with GDP in key one at -0.2 per cent.
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Chancellor: We have completely won the argument on austerity
April 21, 2012 7:51 pm 18 Comments
"I am not in, as the chancellor of the exchequer, a daily opinion poll contest and a daily popularity contest. I will tell you what I am engaged in. A daily contest with the rest of the world to make Britain competitive to bring jobs to Britain."
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UK slump returns – UK growth ‘decimated’
January 25, 2012 3:36 pm 7 Comments
The UK is probably in recession already, but the growth of the economy since the Oct 2010 spending review is just one tenth of government predictions at the time.
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Politicians flounder amid gathering economic storm
September 14, 2011 4:45 pm 10 Comments
Euro crisis, poor jobs figures, massive national strikes, on top of high inflation squeezing living standards - Economics Editor Faisal Islam reports on the political response to the economic bad weather.
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Britain’s economic emergency: flatlining living standards and low-skilled men
May 27, 2011 3:10 pm 20 Comments
"You could call this the Great Stagnation, you could call it the Disastrous Decoupling, you could call it Growth without Gain. What it definitely is, though, is deeply bad news for a massive swathe of Britain."
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Small businesses still suffering ongoing credit squeeze
April 21, 2011 5:16 pm 7 Comments
Can the economy recover when small businesses still face rising finance costs? (If they can get credit at all) Economics Editor Faisal Islam reports.
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Bank of England’s home truths for savers
September 27, 2010 1:12 pm 13 Comments
Prudent savers are being sacrificed at the altar of feckless spenders - at least temporarily - and that is how it has to be in the current financial climate, the Bank of England's Charlie Bean tells Economics Editor Faisal Islam.
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The Irish and their ‘austerity death spiral’
September 23, 2010 7:10 pm 4 Comments
Faisal Islam blogs about the shrinking Irish economy, and the warning signals it's sending the Treasury.
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IFS warns of sharpest cuts since Second World War
April 27, 2010 1:13 pm 8 Comments
So there we have it. Clarity, honesty, and candour on Day 22 of the election campaign. Not at any of the party political press conferences. No, it’s been left to the trusty holders of the spending shield of truth: the Institute for Fiscal Studies.
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Cameron commits to cuts even if Britain's economy relapses
January 28, 2010 7:27 pm No Comments
Economics correspondent Faisal Islam describes interviewing Conservative leader David Cameron, who says his party would start cutting the deficit this year, even if Britain relapses into recession.

