Discussing the UK’s economic performance, and the tomorrow’s likely verdict, is Jeremy Cook, chief economist at World First currency exchange
A group in investors have announced their intentions to buy €1.123 bn in Bank of Ireland shares from the state.
Greece has again had its credit rating cut to Caa1 from Ca by New York ratings giant, Moody’s.
Public sector net borrowing decreased marginally for the year ending June, though net debt rose yet again to reach £944.3 billion, or 62% of the UK’s GDP
A €109 billion rescue package has been agreed for Greece. The deal also ensures that other countries to receive bailouts will now face more favourable conditions of their existing debts
Bonuses paid out in the financial sector have again hit £14bn for the 2010-11 fiscal year, renewing fears of a return to pre-recession practices in the UK’s bloated financial sector
Reconstruction efforts in Japan are resulting in spiralling public debt, threatening the country’s position as a major economic player in the region
Local authorities should be able to retain some of the tax they raise from businesses, so that they are encouraged to support and stimulate growth, the CBI said today in response to a ministerial statement on the Local Government Resource Review
‘Stress tests’ carried on 90 EU banking institutions across 21 EU member states have revealed that 21 fell below the recommended 5% ‘Core Tier 1 Ratio’.
Co-op Financial Services has today entered talks with Royal London in order to sell its life insurance subsidiary, along with up to £15bn in assets under their Long Term Business Fund