UK ‘already in recession’
Executives from Britain's top three high street banks last night demanded that Alistair Darling, the Chancellor of the Exchequer, finalise his emergency plans for pulling the UK financial sector out of its current predicament. Representatives of Lloyds TSB, Barclays and Royal Bank of Scotland were summoned to Number... [continued]
All the latest from the business pages on the financial crisis 
British banks were feeling the immediate effects of yesterday's slump - the FTSE 100's worst day trading in 20 years, plunging 7.85 per cent. In the first few hours the FTSE 100 rose by almost three points but soon lost almost all its gains. The initial rally was crushed as... [continued]
The Business Pages: all the latest on the financial crisis
Smith orders police race inquiry
The Home Secretary Jacqui Smith has ordered a national police inquiry into how ethnic minorities are treated within forces in England and Wales. Police Minister Vernon Coaker will conduct a two-week investigation into recruitment and promotional practices. The move comes after London Mayor Boris Johnson yesterday announced an inquiry... [continued]
Obama condemns McCain ‘smear’
The troubled economy was sidelined in the US presidential debate yesterday as both candidates prepared for their second television debate by digging up dirt from each other's past. At a rally in Albuquerque John Mccain called his Democratic opponent Barack Obama a liar and a dishonourable politician who... [continued]
US election: with a month to go, campaign gets personal
Alexander Cockburn: is Sarah Palin the new Ronald Reagan?
Footballer jailed for seven years
A professional footballer who killed two young brothers while driving drunk and jetlagged at almost 100mph was jailed for seven years yesterday. Arron Peak, 10, and his eight-year-old brother, Ben, were both killed instantly when McCormick, 25, a goalkeeper for Plymouth Argyle, smashed his black Range Rover into... [continued]
Police chief asked wife’s forgiveness
The police chief found dead on Mount Snowdon in March sent a series of desperate text messages to his wife apologising for having an affair and asking for forgiveness, an inquest into his death has heard. The inquest at Caernarfon, north Wales, heard how Mike Todd, the chief constable... [continued]
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