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Ben Chu

Ben Chu is The Independent's economics editor. Previously he was the newspaper's chief leader writer. He is the author of 'Chinese Whispers: Why everything you've heard about China is wrong' (2013). Follow him on Twitter: @BenChu_. Contact him on email via b.chu@independent.co.uk

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How unbalanced is Britain’s recovery?, Chunomics

How unbalanced is Britain’s recovery?

Pessimists wonder how sustainable this is. They fret that the recovery has a glass jaw and that an increase in interest rates by the Bank of England could expose some over-stretched households and deliver a lethal blow to wider confidence.

By | Chunomics, Eagle Eye | Thursday, 10 April 2014 at 1:45 pm

Robert Chote: the full transcript, Chunomics

Robert Chote: the full transcript

I interviewed Robert Chote, the boss of the Treasury watchdog/forecaster the Office for Budget Responsibility.
For fiscal geeks there were some interesting observations.

By | Chunomics, Eagle Eye | Thursday, 10 April 2014 at 12:53 pm

Are too many people paying higher rate tax?, Chunomics

Are too many people paying higher rate tax?

Next time you hear someone moaning about too many people paying higher rate income tax and bemoaning the iniquity of fiscal drag remember that income tax isn’t everything.

By | Chunomics, Eagle Eye | Friday, 14 March 2014 at 12:45 pm

Did Antony Jenkins really receive no bonus?, Chunomics

Did Antony Jenkins really receive no bonus?

The practical difference between an “LTIP” award and an annual bonus has eroded considerably. To get the full benefit from an annual bonus a banker would have to wait 3.5 years. For an LTIP the waiting period is 5 years.

By | Chunomics, Eagle Eye | Thursday, 6 March 2014 at 1:52 pm

How bonuses work at Standard Chartered, Chunomics

How bonuses work at Standard Chartered

Is remuneration really tracking performance at Standard Chartered? Let’s see what shareholders say, but there is room for scepticism.

By | Chunomics, Eagle Eye | Wednesday, 5 March 2014 at 2:00 pm

Has Funding for Lending been a success?, Chunomics

Has Funding for Lending been a success?

While households were big beneficiaries, lending to small firms actually fell by £1.3bn last year.

By | Chunomics, Eagle Eye | Monday, 3 March 2014 at 12:19 pm

What happened to China overtaking the US?, Chunomics

What happened to China overtaking the US?

According to the International Monetary Fund’s latest forecasts, the great overtake has, apparently, been put on hold.

By | Chunomics, Eagle Eye | Thursday, 27 February 2014 at 5:19 pm

How bonuses work at the Royal Bank of Scotland, Chunomics

How bonuses work at the Royal Bank of Scotland

Bonuses for investment bankers were 17% lower. But the revenues at the division fell by 24%. And that helped compensation for staff in the division as a proportion of revenue rise from 31% to 35%.

By | Chunomics, Eagle Eye | Thursday, 27 February 2014 at 12:45 pm

Sorry Mr Pickles, but housing supply is still not matching demand, Chunomics

Sorry Mr Pickles, but housing supply is still not matching demand

On a rough estimate, the UK needs an additional 250,000 new homes each year to meet rising demand, as the population grows and more people choose to live alone. That works out as around 62,500 a quarter. Yet we’re still well short of that target.

By | Chunomics, Eagle Eye | Thursday, 20 February 2014 at 2:37 pm

Britain: one nation, multiple recessions, Chunomics

Britain: one nation, multiple recessions

London, which accounted for 22 per cent of output in 2008, contributed just 1 per cent of the total decline of GVA over the four years to 2012. Yorkshire & Humber, by contrast, accounted for just 7 per cent of output in 2008, but contributed 16 per cent to the overall decline.

By | Chunomics, Eagle Eye | Monday, 17 February 2014 at 4:27 pm

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