Banks: one step forward, many more to go
Amid the slurry of excessive bonuses and the exploitation of unsuspecting small and medium-sized businesses, the government has had a dramatic change of heart on banking.
Amid the slurry of excessive bonuses and the exploitation of unsuspecting small and medium-sized businesses, the government has had a dramatic change of heart on banking.
On the markets, it’s all about junk bonds in the race to make a quick buck. But isn’t this the market that has just experienced the worst financial meltdown in memory?
America’s politicians have never been so bitterly opposed: and it’s been brought to a head by the crisis over the fiscal cliff. This is edge of the planet stuff – not just edge of the cliff.
As politicians point the finger at spiralling numbers of dole “scroungers”, Economics Editor Faisal Islam reveals pension payments are behind the big rises.
George Osborne’s Autumn Statement assumes he is right to claim he can raise £3.5bn from the sale of 4G. A sell-off in the Netherlands did eight times better than expected, but can Britain manage a similar feat?
Bank of England governor-elect Mark Carney’s recent comments suggest an acceptance of higher inflation. So what are his plans for the UK economy?
Is unemployment a price worth paying for keeping the euro on the road? I put the question to ECB President Mario Draghi.
It could have been a lot worse for George Osborne in the autumn statement, as Britain faces losing its coveted triple-AAA credit status.
Manchester’s rag trade is booming – yes, really. Here’s what it means for the economy – and five more things to watch out for in Osborne’s autumn statement.
The former boss of HBOS tells MPs incompetence was as much to blame as the financial crisis for the collapse of his bank and admits he is deeply sorry. But he keeps his knighthood.
Low interest rates, low corporate insolvency rates, interest-only mortgages – they’re all masking the true depth of the UK’s financial crisis.
As Mark Carney takes the reins at the Bank of England, Economics Editor Faisal Islam looks at the politics behind his surprise appointment.
Jon Snow argues that far from being expendable, culture provides a significant chunk of cash to the economy as one of the UK’s ‘invisible exports’.
A funny thing is happening in the Mediterranean. Cyprus has been poised to become the fourth Eurozone sovereign to agree a bailout, the fifth if you include Spain’s banking bailout.
Sir Mervyn King’s latest inflation report yields a crop of golden quotes about the state of the UK’s economy, according to Economics Editor Faisal Islam.