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The UK’s unemployment rate has increased to a 16-year high after another rise in the jobless total.
Eurozone finance ministers drop plans for a face-to-face meeting about Greece’s new international bailout, saying party leaders in Athens have failed to provide the required commitment to reform.
Alongside increasing unemployment, there has also been a steady rise in the numbers of self-employed and part-time workers. Channel 4 News analyses the phenomenon.
The bigger picture here: why on earth are credit ratings elevated to this hallowed status? Moody’s pulled off the spectacular intellectual feat of rating the Bank of England as a lesser credit than the European Financial Stability Facility. The answer is that it has been an important piece of marketing for George Osborne, to communicate a tangible benefit from unpopular austerity.
Greece has voted in favour of the EU/IMF austerity package. But why is Germany pushing stability throughout Europe – and what is it hoping to achieve?
As Abu Qatada is released from jail, British followers of the radical cleric post online sermons calling Britons “enemies of Allah” and lauding the preacher in the same breath as Osama bin Laden.
It’s not just savers who can no longer live off paltry savings income. The retirement annuity industry has been hit by a fall of 20-30% in the annual income that pensioners will be obliged to live off for the rest of their lives.
Gary Gibbon
The consultation is also expected to suggest the referendum is held on a Saturday. That is (I think) unprecendented in the UK. Thursdays are the rule for polling days, going back to the 1930s. Some here wonder what the atmosphere would be like in a polling station open til 10pm on a Saturday night.
Gary Gibbon
After his Euro veto decision, David Cameron’s hose should be on water canon, full-jet setting, writes Channel 4 News Political Editor Gary Gibbon.
With David Cameron and his deputy Nick Clegg at odds over Europe, Channel 4 News takes the temperature in the City.
“Deal to save euro – Britain isolated as usual” – that’s how France and Germany want the Brussels summit reported. Channel 4 News looks at what has been agreed.
Whilst the world’s attention has been focused understandably on a supposed “deal” emerging at the European Council summit in Brussels, I have just witnessed an extraordinary press conference from the President of the European Central Bank in Frankfurt.
Gary Gibbon
Imagine the scene: it is midnight in Brussels on Thursday night. Word reaches Washington that the entire euro deal is hanging in the balance because David Cameron is wielding his veto until he gets some asymmetrical guarantee that protects the City of London. David Cameron could expect a rocket from President Obama that would put the big bazooka to shame.
As France and Germany push for sanctions for eurozone members who break borrowing limits, Channel 4 News can reveal that both countries are among the worst offenders.
There’s an already existing meltdown affecting everyone in Britain. The Institute for Fiscal Studies have outlined the scale of the squeeze British people face. And it’s incredible in whatever currency.