The UK economy has stalled at a “dangerous junction” according to independent forecaster Ernst & Young, which has slashed growth forecasts for this year and next.
Hundreds of campaigners target London’s City in a bid to replicate New York’s Occupy Wall Street protest. One protester tells Channel 4 News it is “direct democracy” but will stay peaceful.
The poverty projections released by the IFS and the Joseph Rowntree Trust today are pretty shocking. They are well-covered elsewhere. I would point to two things. One in four children are set to be living in absolute poverty by 2020. The Coalition inherited about one in six children in absolute poverty. the Government’s target under…
The phone call came in at 1230. An invitation to see Sir Mervyn that would have been unthinkable three or four months ago. He has only done a round of interviews like this once before, in March 2009, when QE was first launched. We only seem to get these audiences when the Governor has decided to create magic money to try to cure an ailing British economy. And I identify two tightropes he is walking.
The Governor of the Bank of England Sir Mervyn King says this is the ‘biggest financial crisis’ the world has ever faced as the bank increases its quantitative easing programme to £275bn.
Chancellor George Osborne’s announcement that he will use “credit easing” to get the British economy moving will involve risk of loss to the public purse, blogs Faisal Islam. But not yet.
In his address to the Conservative Party conference, Chancellor George Osborne returns to his theme of unity in the face of international economic adversity – but rules out early tax cuts.
Greek Prime Minister George Papandreou says he will do what is necessary to deal with his country’s economic crisis, which is threatening to spill over into other European states.
What would happen if Europe’s bailout fund runs out? Channel 4 News charts the funds that could be needed by struggling eurozone countries – the pot could be left empty if Spain gets help.
After partially recovering in early trading, shares in markets across Europe have fallen by between 1.5 per cent and 2.5 per cent, with the FTSE slumping below the 5000 mark.
As finance ministers discuss the economic and financial crisis, former chancellor Alistair Darling tells Channel 4 News leadership is needed to avert another recession.
Markets slide after bleak economic data from across the globe stokes recession fears. One analyst tells Channel 4 News the western world is facing a “sharp slowdown”.
Cutting rates again to a new record was discussed but there are fears for the impact on banks, building societies and the normal functioning of money markets. No, all roads lead to more quantitative easing. But not just any old QE.
As the IMF cuts its growth forecast for the British economy, Channel 4 News explains what it means for our money.
After UBS failed to pick up the unauthorised loss of £1.3bn, regulation of the industry and exchange traded funds (ETFs) in particular, are coming in for fresh criticism.