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The Telegraph (Free subscription) | 4 hours ago
Accuracy of ONS data questioned By Edmund Conway, Economics Editor10:40pm BST 21/08/2008The Government's grasp of official statistics has come under scrutiny after it withdrew three years' worth of closely watched housing data and its high street sales figures provoked incredulity and outrage from retailers.It is the latest blow for the Office for National Statistics, which recently suffered...
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The Telegraph (Free subscription) | yesterday
Relief for Bank of England as wage rises slide to five-year lowBy Edmund Conway and Angela MonaghanWages are increasing at the weakest rate in five years as the economic downturn takes its toll on families' incomes, official figures have shown.The Office for National Statistics said average weekly earnings in June were only 2.9pc higher than the previous year, the slowest growth since...
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The Telegraph (Free subscription) | 08/20/2008
Dovish stance in Bank of England minutes hints at rate cuts by winterBy Edmund Conway11:11am BSTStrange as it may seem, the minutes published by the Bank of England are actually relatively dovish, doing little to dispell the expectation that the Monetary Policy Committee will start cutting interest rates by the winter.On the face of it, this may seem a strange assertion - after all one...
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The Telegraph (Free subscription) | 08/20/2008
Bad news on US housing and banks hits investor confidenceBy Edmund Conway in London, and James Quinn in New YorkFears that the financial crisis has months, if not years, to run led shares in New York and London to tumble sharply as the global economic crisis continues.In a nervous day of trading on both sides of the Atlantic, equity prices dropped sharply amid a flow of gloomy economic...
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The Telegraph (Free subscription) | 08/19/2008
Investors may pull £18bn out of buy-to-let propertiesBy Edmund Conway, Economics EditorBeleaguered buy-to-let investors are set to pull £18bn out of the property market in the coming years, according to new research that underlines the problems facing the UK housing sector.Residential investors will sell around two thirds of their properties in the face of falling prices, according to...
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The Telegraph (Free subscription) | 08/16/2008
Just when you thought things couldn't get any worse....the pound tanksBy Edmund Conway 11:00pm BSTA couple of weeks ago, the Ernst & Young Item Club described the economic situation as a "horror movie".The point was that around every blind corner lurked another fright for consumers. Indeed, since then the shocks have kept coming.After the biggest house price slump on record, the tightest...
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The Telegraph (Free subscription) | 08/16/2008
Pound and gold down as dollar risesBy Edmund Conway and Angela Monaghan11:19pm BSTThe pound could soon dive to barely more than a dollar and a half while gold prices plunge to $650, experts predicted yesterday amid fresh evidence that the commodity boom is ending and the dollar's resurgence is under way. Sterling: Down over a cent at $1.8632Michael Saunders, head of European economics...
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This article is incorrect!
I was not very happy to read the above article today. I have thought for some time that Edmund Conway does not always thoroughly research what he is writing...
Jan Dirksen - (not a member) - 08/16/2008