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OECD data point to strong signs of recovery
All the world’s big economies are seeing strong signs of recovery from the worst global recession since the Great Depression, according to data from the OECD
Personal insolvencies rise by 28%
The number of companies going into liquidation fell in the third quarter but the number of individuals becoming insolvent has continued to rise, according to official data
House price rebound seen to end next year
Savills, a leading estate agent, forecasts an end to the UK housing recovery this year because of the lingering effects of the crisis-hit economy
Date set for East Coast rail handover
The government will take over control of National Express’s lossmaking East Coast franchise a week on Friday, the company announced, ending uncertainty over the route’s future
Businesses hail boost but warn of risks ahead
Businesses were relieved by the monetary policy committee’s decision to pump an extra £25bn into the economy, welcoming a fresh boost to assist faltering steps towards recovery
Bank tries ‘last heave’ with £25bn boost
The Bank of England will pump another £25bn into the economy, which remained mired in recession in the third quarter, in what was described as ‘one last heave’ to propel growth
UK economy still in slump, estimates suggest
Industrial production returned to growth in September, compensating for some of the weakness seen over the summer, but still leaving overall output in the third quarter down significantly
Beijing data bode ill for London 2012 profit
A tour operators lobby group says a repeat of the Beijing pattern for London could cause a loss of 2.5m visitors to the UK capital and £1.5bn of visitor spending in the Olympics year
UKFI walks a line on bonuses
The body that manages the government’s stakes in state-supported banks has ‘to walk a tightrope’ when approving bonuses for top staff at Royal Bank of Scotland and Lloyds, its chief executive told a parliamentary committee
Business data point to growth
Business surveys for October pointed to renewed growth in the UK, complicating the decision to be made by the Bank of England on Thursday on whether to extend its £175bn programme to pump cash into the economy
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