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King warns over deficit
The Bank of England governor has warned that Britain’s credit rating could be at risk unless the government comes up with a ‘credible’ plan to tackle the deficit
Business investment falls less than expected
Spending by companies dropped by 3 per cent in the three months to September, compared with a fall of 10.2 per cent in the second quarter, according to ONS data
Engineering workers accept pay deal
A two-year pay and conditions deal agreed after months of walk-outs potentially brings peace to an industry set to build at least 10 nuclear reactors by 2030
Bank of England bailed out RBS and HBOS
The Bank of England extended billions of pounds in emergency finance to RBS and to what was then HBOS last October, suggesting that both were on the verge of collapse
Mortgage approvals edge higher
The number of new loans to buy homes that were approved in October rose slightly from the level one month before but loans to consumers and the corporate sector continued to fall, new banking data show
CBI members lose sleep over economy
Only a handful of businesses think the building blocks for recovery are in place, but many agree the recession will be a catalyst for change
Banks eager to support clients, says RBS
Stephen Hester, chief executive of Royal Bank of Scotland, says bank lending is as available as it was before the recession, though sometimes with ‘stricter conditions‘
Tories plan to force Whitehall carbon cuts
A Conservative government would cut funding to Whitehall departments that do not reduce their carbon emissions 10 per cent within a year, said shadow chancellor George Osborne
Brown and Cameron clash over budget deficit
Gordon Brown and David Cameron clashed over plans to tackle Britain’s budget deficit on Monday, as the party leaders sought political advantage on an issue that is set to dominate next year’s election
Divisions emerge on stimulus strategy
Economic stimuli should not be withdrawn too soon, Strauss-Kahn warns, while ECB says delays could backfire
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