- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Gordon ignores Bank of England
Collapse
X
-
Gordon ignores Bank of England
And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014 -
"George Osborne, the Shadow Chancellor, said when he told us to write this article"
Now, I do not think King's warning should be ignored but I think they are pushing a today story with a quote from yesterday. -
Do you reckon that changing the way that inflation is measured had any impact on the crunch as far as the uk is concerned ?
taking house prices out of the equation must have had some sort of impact. mustn't it ?
(\__/)
(>'.'<)
("")("") Born to Drink. Forced to WorkComment
-
A minor point, but a UK bond auction failed this morning.
Might sound like a small bit of City trivia but a UK bond auction is one of the ways in which the market indicates it perceived strength in the UK economy.
At the risk of sounding like Pte Frazer from Dads Army ...
we're doooooooooomed!Comment
-
Originally posted by EternalOptimist View PostDo you reckon that changing the way that inflation is measured had any impact on the crunch as far as the uk is concerned ?
taking house prices out of the equation must have had some sort of impact. mustn't it ?Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
-
Originally posted by Sysman View PostAsk yourself this simple question: "What single item constitutes the largest slice of most people's monthly expenditure?"And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
-
Originally posted by Mich the Tester View PostMr Brown used a speech to MEPs in Strasbourg yesterday to exhort the European Union to take the lead in rehabilitating the world economy and forging a new “moral” capitalism. He called for an end to offshore tax havens, tougher financial regulation, and international limits on remuneration.Last edited by Sysman; 25 March 2009, 12:36.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
-
http://www.bloomberg.com/apps/news?p...mdE&refer=home
U.K. Gilts Slump After First ‘Failed’ Bond Auction Since 1995
Share | Email | Print | A A A
By Kim-Mai Cutler
March 25 (Bloomberg) -- U.K. gilts slumped after demand at an auction of bonds fell short of the amount offered, the first time the Treasury failed to attract enough bids at a sale of regular debt in 14 years.
Investors bid for 1.63 billion pounds ($2.4 billion) of the 40-year securities, less than the 1.75 billion pounds of 4.25 percent notes slated for sale, the U.K. Debt Management Office said today in a statement from London.
“Basically it’s the first failed auction,” said John Wraith, head of sterling interest-rate strategy at RBC Capital Markets in London. “They didn’t receive enough to cover it all so the market has obviously sold off extremely heavily.”
The yield on the 10-year gilt jumped 10 basis points to 3.43 percent by 11:45 a.m. in London. The 4.5 percent security due March 2019 slipped 0.84, or 8.4 pounds per 1,000-pound face amount, to 109.02. The yield on the two-year note rose six basis points to 1.30 percent. Yields move inversely to bond prices.
Prime Minister Gordon Brown’s government plans to sell an unprecedented 146.4 billion pounds of debt this fiscal year as Europe’s second-largest economy grapples with its first recession since 1991. Demand hasn’t fallen short at a sale of regular U.K. government bonds since 1995.
The U.K. had two failed auctions in the past 10 years, the most recent in September 2002 when the Treasury received bids for 95 percent of the 900 million pounds of 30-year inflation- protected bonds offered, according to the DMO’s Web site. The other failure was in 1999, when it tried to sell 500 million pounds of inflation-protected bonds.
“The risk of uncovered auctions is a normal part of the process,” said Sarah Ellis, a spokeswoman for the DMO in London. “Today’s auction was at the riskiest part of the curve. An additional factor which may have deterred some bidders is the imminent end of the financial year.”
An official at the Bank of England declined to comment.
To contact the reporter on this story: Kim-Mai Cutler in London at [email protected]
Last Updated: March 25, 2009 08:01 EDTComment
-
Originally posted by Sysman View PostNo Gordon, you don't rule the world. Depriving people of large chunks of their take home pay, whether by taxation or limits on remuneration, takes us sdown the slippery slope to Communism.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
-
Originally posted by Sysman View PostAsk yourself this simple question: "What single item constitutes the largest slice of most people's monthly expenditure?"
which puts the uk in a better postion to ride the storm.
isn't that the way its supposed to work ?(\__/)
(>'.'<)
("")("") Born to Drink. Forced to WorkComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment