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Don't panic – UK deflation is nothing more than a blip

  • Written by: The Conversation
imageDown but not out.www.shutterstock.com

The rate of inflation has turned negative for the first time in 55 years in the UK. The phenomenon of deflation in economic jargon means consumers will see a drop in prices, with essentials like petrol and food cheaper than this time a year ago. Crucially, deflation constitutes a fall in prices over a sustained...

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War between miners catches government in the crossfire

  • Written by: The Conversation
imagePrime Minister Tony Abbott is in a nasty squeeze, with Andrew Forrest, founder of Fortescue Metals Group, and some of the other smaller miners on one side, and the big producers, BHP Billiton and Rio Tinto, on the other.AAP/Dan Himbrechts

Tony Abbott has got into a terrible tangle over whether there should be an inquiry into iron ore prices.

After...

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