Economy

‘Unilateral economic policy decisions in China are creating major structural difficulties for companies in Germany and Europe,’ the chancellor said.

The IMF has warned that fiscal policy tends to be looser in election years, when governments seek to boost electorate support by announcing tax cuts.

Japan is still the largest holder, while Belgium was the top buyer in February.

America’s fiscal policies have ‘profound effects’ on the international economy.

During Janet Yellen’s recent visit to China, she urged Chinese authorities to address their overcapacity problems to prevent global spillovers.

‘We’ve seen it play out this way every single time a foreign automaker plant has been unionized; not one of those plants remains in operation,” they said.

Further progress in the battle against inflation boosts expectations of interest rate cuts to be announced by the Bank of England.

The Resolution Foundation said the designers of Universal Credit hadn’t anticipated 2.3 million people using the system because they were too ill to work.

While the recent job numbers ‘look shiny from a distance,’ economic forecaster Sean Snaith said that ’there’s a little bit of tarnish.’

The new plan also raises bond requirements for reclaiming oil and gas wells dug on public land.

There are concerns the cost-of-living adjustment hike won’t help in countering elevated prices, thus putting beneficiaries in a financially challenging position

‘Further performance deterioration could be on the horizon,’ a Fed report warns.