Sunday 9 January 2011

Economic stories in recent days

Research has suggested that Britain needs to make inroads into emerging markets or risk "playing in the slow lane of history" as the world financial crisis shifts economic power to developing countries like China, India, Brazil, Russia etc. - with China expected to overtake the US as the world's biggest economy by 2032.

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David Cameron refuses to commit to a "fuel price stabiliser" after recent VAT and duty rises push petrol prices to a record high.

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The terrible floods which have hit the Australian area of Queensland are likely to affect coal mines for months, which could push up the cost of electricity and steel.

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How Australian floods hit Europe

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