The interest-rate futures market is convinced the Bank of England will raise borrowing costs next month. But three consecutive sets of disappointing economic statistics this week should restrain the hawks on the Monetary Policy Committee from turning the present political and economic drama into a crisis. The pound lurched lower, dropping below $1.30, after disappointing retail sales figures. The combination ...

The greatest hope of European regulators cracking down on Google’s business practices is that the rest of the world becomes a little more like China and its flourishing technology industry. It’s hard to imagine the European bureaucrats’ dreams will come true. In China, government restrictions and Google’s strategic decisions have left the country’s technology market to operate almost free from ...

In the US and other developed countries, there are three basic philosophies of macroeconomic stabilisation. Each of them was present in some form during the Great Depression, and each survives to this day. The first is Keynesianism, which centers around fiscal stimulus, mainly in the form of increased government spending. The second is monetarism, which holds that getting economies out ...