The UK's FTSE 100 index continued to fall amidst economic fears, as it dropped a further 3.2% as European markets continued the global shares sell off.
As genuine fears of a global economic recession started to become a reality with stock markets throughout the world suffering heavily, Chinese Foreign Minister Yang Jiechi urged all countries to cooperate to boost the global economy's recovery.
The Bank of England’s Trends in Lending report, revealed that access to credit for SMEs remained broadly the same compared with the last quarter, despite Project Merlin and Business Growth Fund initiatives being launched in the first half of the year
The scale of the Payment Protection Insurance fiasco has been quantified in the latest quarterly review from the Financial Ombudsman Service
The UK economy will continue to grow, at a sluggish rate in 2011 before picking up modestly in 2012, according to the CBI’s latest economic forecast
Poor levels of personal savings and an inefficient pensions scheme are failing workers, a new report by the Workplace Retirement Income Commission reveals
President Obama has announced agreement between Republicans and Democrats on the mounting US debt crisis, delaying possible default.
The United States’ real GDP growth rate has been revised down yet again, achieving a mean annual rate of 1.3%- well below private sector estimates of 1.8%
“Banking is a structurally flawed industry that has failed its customers, its investors and the taxpayers who stand behind it.”
“Sovereign debt, growth, and social instability” are the three major challenges facing the global economy today.