LATEST ECONOMICS NEWS
US markets slump on double-dip fears
Wall Street plunged on Friday after disappointing economic data and worse-than-expected corporate earnings prompted fears of a double-dip recession.
16 Jul 2010
Kenneth Clarke to slash Legal Aid budget
Legal Aid faces “brutal” cuts that will restrict public spending on legal advice for cases ranging from immigration to divorce.
16 Jul 2010
House prices 'to crash 20pc by 2012' as Budget bites
House prices will crash more than 20pc in two years due to Government cuts, tax rises and a surge in unemployment, says leading economic forecaster.
16 Jul 2010
Are house prices set to fall again?
There is a good chance that homes will be worth less than they did in 2007.
16 Jul 2010
Interest rates won't rise yet, says Bank of England policymaker
It would be wrong to raise interest rates now because the risk of only weak growth over a prolonged period is real, David Miles, a Bank of England policymaker said.
16 Jul 2010
MPs given power of veto over OBR chairman
George Osborne is taking unprecedented measures to preserve the independence of the Office for Budget Responsibility (OBR) aft
er a series of attacks on its credibility.
16 Jul 2010
Middle class had biggest losses from financial crisis
Educated middle-class households have suffered the biggest financial losses from the recent economic downturn and many people could be forced to delay retirement as a result, new research has shown.
15 Jul 2010
Fed's volte face sends the dollar tumbling
Rarely before have a few coded words in the minutes of the US Federal Reserve caused such an upheaval in the global currency system.
15 Jul 2010
US jobless claims fall as factories stay open
The number of Americans claiming unemployment benefit fell sharply last week to the lowest level in nearly two years.
15 Jul 2010
China's economic growth eases
China's staggering economic growth is slowing as the Beijing government applies the brakes.
15 Jul 2010
Recession cost wealthy households £25,000 each
Wealthy families have lost an average of £25,000 as a result of house price and stock market falls, research has indicated.
15 Jul 2010
Spain calls on ECB for record funding
Spanish banks called on a record amount of funding from the European Central Bank (ECB) in June amid mounting volatility on financial markets.
15 Jul 2010
UK long-term unemployment soars to 1997 levels
The number of people that have been without a job for more than 12 months has soared to its highest level since 1997, official figures have shown.
15 Jul 2010
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