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22.07.26 - 19:30
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Twenty-Year Bond Auction Attracts Average Demand (AFX)
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WASHINGTON (dpa-AFX) - The Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted average demand.The......
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22.07.26 - 15:06
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The Treasury will check Andy Burnham′s ambitions – unless old orthodoxies are challenged | Larry Elliott (The Guardian)
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Fifty years ago, another Healey ran the Treasury. Today's chancellor may find some things haven't changedSome things never change. Fifty years ago, Britain was sweltering in the long hot summer of 1976. The Labour government was acutely aware that the financial markets were scrutinising its every move. And a man called Healey was running the Treasury.On the surface, the challenges facing John Healey are less severe than those Denis Healey had to grapple with half a century ago. Inflation is a lot lower and the City has reacted calmly to Andy Burnham as prime minister. And, while things could turn nasty pretty quickly, they would have to get a lot worse before Healey Mk II felt the need to ask the International Monetary Fund for an emergency loan. Continue reading......
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