US Fed pumps $800bn into economy
18.31 Tue Nov 25 2008
The US government has pumped $800 billion into the economy to help overcome the country's credit crisis.
FTSE closes at 4171.3
17.16 Tue Nov 25 2008
The FTSE 100 failed to extend Monday's record rise, closing 18.3 points down at 4171.3.
Mortgage approvals more than halve
14.35 Tue Nov 25 2008
Mortgage approvals more than halved in October compared to a year earlier, the British Bankers' Association has said.
King backs Government's economic plan
11.59 Tue Nov 25 2008
The Governor of the Bank of England has backed the Government's £20 billion gamble to drag the UK out of recession.
FTSE surges 9.8% on Darling report
22.38 Mon Nov 24 2008
The FTSE 100 posted its biggest-ever one-day percentage rise as Chancellor Alistair Darling delivered his Pre-Budget Report.
Super-rich hit as VAT slashed
22.36 Mon Nov 24 2008
Alistair Darling has said VAT will be reduced by 2.5 per cent as he warned Britain faces "economic uncertainty not seen for generations".
Tax hike set for top earners
22.54 Sun Nov 23 2008
The Chancellor is rumoured to be on the verge of announcing a new higher rate of income tax.
Obama plans create 2.5m jobs
17.33 Sat Nov 22 2008
Barack Obama has outlined plans to create 2.5 million jobs in the US by 2011.
World News (Lunchtime) for November 22nd, 2008
16.03 Sat Nov 22 2008
Obama pledges 2.5 million new U.S. jobs - British militant reported dead
FTSE ends at 3875
18.01 Thu Nov 20 2008
More than £31 billion was wiped off the UK's biggest companies after blue-chip stocks took a fresh pounding on global recession fears.
FTSE closes at 4005.7
17.25 Wed Nov 19 2008
The FTSE 100 Index has closed down 202.9 points at 4005.7 as banking and mining stocks fell.
Brown promises to cut taxes
13.06 Wed Nov 19 2008
Gordon Brown has promised to cut taxes in a bid to boost growth in the economy.
Biggest fall in inflation for 16 years
00.00 Wed Nov 19 2008
Inflation has dropped at its fastest rate for 16 years thanks to falling fuel prices, official figures have showed.
Morning World News
06.29 Sat Nov 15 2008
G20 leaders meet in Washington - Hillary Clinton to be Obama's Secretary of State? - Continued violence in DR Congo
Paulson reconsiders mortgage assets plan
16.52 Wed Nov 12 2008
The US Treasury Secretary says he is reconsidering the use of the $700 billion (£463bn) bail-out to buy troubled mortgage assets.
Brown tax cut rumours
22.56 Sun Nov 09 2008
Speculation is growing that Gordon Brown is planning a £15 billion tax cut to boost the economy.
Obama vows to tackle US economy
07.07 Sat Nov 08 2008
Barack Obama has vowed to act swiftly on the US economy when he takes office in January.
New car sales slump again
09.12 Thu Nov 06 2008
New car sales - a key indicator of consumer confidence - slumped again last month.
PM urges Gulf states to stablise oil prices
13.49 Sat Nov 01 2008
Gordon Brown will urge Gulf states to do more to stabilise oil prices as he kicks off a visit to the region on Saturday.
FTSE ends 2% higher
17.24 Fri Oct 31 2008
The FTSE 100 has ended 2 per cent higher after a burst of late trading which helped offset declines from BT and Barclays.
Osborne attacks Brown's borrowing plans
14.57 Fri Oct 31 2008
Shadow chancellor George Osborne has attacked the Government in a speech about the looming recession.
Brown calls for petrol price drop
12.13 Fri Oct 31 2008
Gordon Brown has said the price of petrol at the pumps should be coming down faster.
FTSE ends higher
17.23 Thu Oct 30 2008
The FTSE 100 has ended the day higher in relatively quiet trading after soaring 8 per cent during the previous session.
FTSE ends 8% up
18.29 Wed Oct 29 2008
The FTSE 100 finished the day more than 8 per cent higher on hopes of an interest rate cut in the US.
Another budget airline collapses
10.01 Wed Oct 29 2008
Hundreds of passengers have been left stranded after flights were cancelled following the financial collapse of a budget airline.
Battered world stocks rally
22.36 Tue Oct 28 2008
The FTSE and Dow Jones have both rallied on the back of positive gains on the Asian markets.
World News
06.11 Tue Oct 28 2008
Skinheads plot to assassinate Obama - Syrians attend civilians funeral - Palestine says peace 'can't be secured' this year.
Another rollercoaster ride for sterling
17.15 Mon Oct 27 2008
Sterling has plummeted in value as another rollercoaster week begins on the financial markets.
FTSE fights back from fresh lows
17.10 Mon Oct 27 2008
The FTSE 100 finished the day in the red but fought back from fresh five-year lows as concerns about a global recession continue.
Oil prices hit fresh low
11.12 Mon Oct 27 2008
Oil has fallen to a new 17-month low, below $62 a barrel, amid pessimism about the global economy and its possible impact on fuel demand.
Senior economists criticise Darling
15.22 Sun Oct 26 2008
A group of senior economists have criticised the Government's plan to spend its way out of the looming recession.
FTSE ends week deep in the red
17.27 Fri Oct 24 2008
The FTSE 100 has ended the week deep in the red after bleak UK economic news and a shares plummet on Wall Street.
'Banks must help small businesses'
23.19 Thu Oct 23 2008
Business Secretary Lord Mandelson has met bank bosses to discuss what help they can give to the country's struggling small businesses.
FTSE closes at 4087.83
17.16 Thu Oct 23 2008
The FTSE 100 index overcame recession fears to close up 46.94 points at 4087.83 after a late session boost from Wall Street.
JCB workers vote for pay cut
15.17 Thu Oct 23 2008
Thousands of JCB workers have voted to accept a £50-a-week pay cut to save 350 jobs.
Mortgage approvals down 57% year-on-year
09.35 Thu Oct 23 2008
The number of mortgages approved for house purchase in September is 57 per cent down on a year ago, figures have shown.
FTSE ends 4.5% lower as US tumbles
17.21 Wed Oct 22 2008
The FTSE 100 has ended the day deep in the red after Wall Street tumbled on continued global recession fears.
US to host global financial summit
15.43 Wed Oct 22 2008
The first global summit on the economic crisis and reform of the financial system will be held next month the White House has said.
Unanimous approval for rate cut
09.51 Wed Oct 22 2008
Members of the Bank of England's Monetary Policy Committee (MPC) unanimously voted in favour of the emergency 0.5 per cent rate cut.
Brown defends soaring borrowing
22.30 Mon Oct 20 2008
Borrowing soared to a record high in September as the nation's finances came under more pressure.
Late surge sends FTSE 100 higher
17.11 Mon Oct 20 2008
The FTSE 100 has finished the day almost 6 per cent higher on the back of strong gains from banks and oil companies.
Standby for green savings
10.50 Mon Oct 20 2008
A Spanish company has invented a device that turns off appliances left on standby to cut carbon emissions.
Government attempt to boost economy
14.59 Sun Oct 19 2008
The Treasury will use public spending to fend off the worst of the economic downturn, Alistair Darling said.
Brown hits out at 'unbridled' capitalism
13.41 Sat Oct 18 2008
Gordon Brown has warned the financial markets must be underpinned by society's values.
FTSE ends week on positive note
17.53 Fri Oct 17 2008
The FTSE 100 has rebounded after the previous session's heavy losses, to close up 201.6 points at 4063.
'Days of soft-touch regulation are over'
09.35 Fri Oct 17 2008
The City's days of soft-touch regulation are over, the head of the UK's financial watchdog has warned.
World News (Morning) for October 17th, 2008
06.16 Fri Oct 17 2008
Zimbabwe cabinet talks to resume - Bush to make economy statement - Arnie promises wildfire help
FTSE sheds 5% amid recession fears
23.20 Thu Oct 16 2008
The FTSE 100 has finished the session more than 5 per cent down at its lowest level since April 2003 over mounting recession fears.
FTSE ends 7% lower at 4079.6
17.37 Wed Oct 15 2008
Continued worries about a recession, weaker metals prices and profit-taking have seen £75 billion wiped off the value of FTSE 100 stocks.
Bush: '$250bn pumped into US banks'
15.34 Tue Oct 14 2008
The US government will pump $250 billion (£142.5bn) straight into the country's beleaguered financial institutions.
High street sales continue to fall
12.51 Tue Oct 14 2008
UK retailers are continuing to struggle as consumers rein in spending amid the global banking crisis.
Bail-out sees FTSE end 8% higher
19.18 Mon Oct 13 2008
The FTSE 100 has ended the day 8 per cent higher after the Government announced £37 billion of taxpayers' money will bail out UK banks.
World News (Morning) for October 12th, 2008
06.25 Sun Oct 12 2008
Bush promises global response to crunch - North Korea removed from black-list - Palin ignores report
World News (Morning)
06.01 Sat Oct 11 2008
Bush promise on economy - Outbreak of bird flu in Germany - Hurricane Norbert set to hit Mexico
FTSE ends lower at 4318.8
17.28 Thu Oct 09 2008
The FTSE 100 has finished the day back in the red after a gloomy update from General Motors spooked Wall Street.
Recession-beating package announced
23.00 Wed Oct 08 2008
Interest rates have been slashed and billions pumped into banks in a "bold" bid to stave off recession.
FTSE ends 5% down despite rate cut
21.31 Wed Oct 08 2008
The FTSE 100 has ended the day more than 5 per cent down, despite a brief respite sparked by an emergency interest rate cut.
BCC: 'UK already in recession'
22.27 Tue Oct 07 2008
The UK is already in recession and may be facing a prolonged downturn, the British Chambers of Commerce (BCC) has warned.
EU increases savings guarantee
17.58 Tue Oct 07 2008
Europe's finance ministers have agreed an EU-wide guarantee for savers of 50,000 euros (£38,900).
World News (Morning) for October 7th, 2008
06.13 Tue Oct 07 2008
Scores injured in Thai protest - More drugs police in Mexico - Next US presidential debate looms
Brown's warning to 'irresponsible' banks
23.02 Mon Oct 06 2008
Gordon Brown has warned the Government is ready to take action to prevent "irresponsible risk-taking" by banks.
US bail-out Bill: 'Only the beginning'
10.46 Sat Oct 04 2008
US political leaders have said Americans will not see the immediate benefits of a $700 billion (£397 billion) financial rescue package.
US bail-out Bill finally passed
20.33 Fri Oct 03 2008
President George W Bush has made law a landmark $700 billion (£397bn) bail-out Bill which was earlier passed in Congress.
Mandelson return 'a masterstroke'
19.04 Fri Oct 03 2008
New Labour architect Peter Mandelson is reportedly set to make a shock return to the Government.
FTSE ends week on positive note
17.16 Fri Oct 03 2008
Banks led the charge as the FTSE ended the week on a positive note after UK savers saw the deposit guarantee upped to £50,000.
World news (Evening) for October 3rd, 2008
16.02 Fri Oct 03 2008
New vote on bail-out plan - Opinion split over vice-president debate - Human remains found in Fossett wreckage
Compensation for savers raised to £50,000
15.14 Fri Oct 03 2008
The compensation limit available to savers who lose money when a bank goes under is being increased from £35,000 to £50,000.
Brown to meet EU leaders over crisis
15.16 Thu Oct 02 2008
Gordon Brown will join other European leaders this weekend for an emergency summit on the global financial crisis.
Further credit squeeze over coming months
10.14 Thu Oct 02 2008
Banks and building societies will cut lending further to households and businesses in the coming three months, the Bank of England says.
Savers scramble to protect cash
22.37 Wed Oct 01 2008
Savers are said to be shuffling billions of pounds, some to Irish banks which are offering guaranteed protection, to safeguard their cash.
FTSE ends in positive territory
17.19 Wed Oct 01 2008
The FTSE 100 closed higher ahead of the US Congressional vote on a revamped $700 billion (£393bn) bail-out plan.
FTSE closes in positive territory
22.24 Tue Sep 30 2008
The FTSE 100 has finished the day in positive territory after stock markets plummeted when the $700 billion US bail-out plan was rejected.
World News (Evening)
17.00 Tue Sep 30 2008
US banking system gets $20bn - Nearly 170 die in temple stampede - Migrants rescued off Canary Islands
Worst quarterly growth for 16 years
11.30 Tue Sep 30 2008
The UK economy has had its worst quarterly performance for 16 years with figures showing zero growth in the second quarter of 2008.
Banking woes send global markets plunging
22.56 Mon Sep 29 2008
The FTSE 100 has closed at its lowest level since January 2005 with £64 billion wiped off shares amid the global banking crisis.
Government confirms B&B nationalisation
22.42 Mon Sep 29 2008
Bradford & Bingley will be nationalised and its savings business sold to Spanish bank Santander, the Government has confirmed.
B&B to be nationalised
22.19 Sun Sep 28 2008
Struggling mortgage lender Bradford & Bingley will become the second UK bank this year to face a humiliating nationalisation.
Cameron vows to help credit crunch victims
19.14 Sun Sep 28 2008
Tory leader David Cameron said his party is committed to helping people cope with the rising cost of living.
World news (Morning) for September 28th, 2008
06.29 Sun Sep 28 2008
Congress still battling out financial bail-out plan - Iran nuclear sanctions - Vietnam floods - Austrian elections
'Progress made' on $700bn bail-out
17.28 Sat Sep 27 2008
The US Congress is making headway in its weekend mission to strike a deal over the proposed $700 billion (£380bn) financial bail-out plan.
Morning World News
06.40 Sat Sep 27 2008
US Presidential candidates go head to head - Financial crisis talks continue - Middle East peace process talks - Mexico floods
House prices down 4.6%
23.49 Fri Sep 26 2008
House prices in England and Wales fell 4.6 per cent during the year to the end of August, the Land Registry has said.
'No hope' of imminent interest rate cuts
14.39 Thu Sep 25 2008
Imminent interest rate cuts have been dealt a blow by a voter on the Bank of England's rate-setting committee.
World News (Morning) for September 21st, 2008
05.59 Sun Sep 21 2008
Pakistan bombing - Bush defends economy plan - Violence in Germany
All eyes on Wall Street giants
18.38 Thu Sep 18 2008
Rumours over the future of US investment giants Morgan Stanley and Goldman Sachs continue to rebound around markets.
FTSE closes at 5204.2
17.33 Mon Sep 15 2008
Blue chip stocks saw more than £50 billion wiped off as world markets went into freefall over the shock demise of Lehman Brothers.
FTSE closes at 5318.4
18.27 Thu Sep 11 2008
The FTSE 100 Index has closed 47.8 points down at 5318.4 after a miserable update from the high street.
UK going into recession says EU
14.26 Wed Sep 10 2008
The UK economy will fall into recession this year, the European Commission has predicted.
World News (Evening)
16.57 Tue Sep 09 2008
US troops to withdraw from Iraq - Russian troops to stay in border regions - Zardari sworn in
M&S whistleblower sacked
17.42 Wed Sep 03 2008
A Marks & Spencer employee has been sacked for "blowing the whistle" on plans to cut redundancy pay, the GMB union has said.
MPC mulls interest rate move
14.17 Wed Sep 03 2008
The Bank of England's nine-strong Monetary Policy Committee (MPC) is holding two days of talks on interest rates as recession looms.
Darling: 'UK can ride economic storm'
14.50 Tue Sep 02 2008
Alistair Darling says he is optimistic the UK can ride the current economic storm despite his comments which rattled financial markets.
UK in recession by second half of 2008
11.04 Tue Sep 02 2008
The UK economy will fall into recession during the second half of this year, a global think-tank has said.
Brown and Darling 'rift' denied
22.54 Sun Aug 31 2008
Gordon Brown fully agrees with the Chancellor's dire assessment of the UK economic outlook, a Cabinet minister has said.
Darling in grimmest forecast yet
23.46 Fri Aug 29 2008
Alistair Darling has given his most pessimistic assessment yet of Britain's economic prospects.
'Major downturn' for property market
10.30 Fri Aug 29 2008
A "major downturn" in the housing market will see many estate agents forced to shut up shop, property website Rightmove has said.
Workers fear job losses during crunch
09.18 Thu Aug 28 2008
More than 3 million workers fear they will lose their job in the next year because of the economic slowdown.
Economy grinds to a halt
12.34 Fri Aug 22 2008
The economy ground to a halt between April and June, official figures have shown.
Housing downturn hits Halifax
10.21 Fri Aug 22 2008
Halifax Estate Agents is closing 53 of its branches as a result of the housing market downturn.
Personal debt exceeds Britain's GDP
09.02 Fri Aug 22 2008
Personal debt in the UK is higher than the income generated by the country as a whole.
Interest rate held at 5 %
14.34 Thu Aug 07 2008
The Bank of England has fixed the interest rate at 5 per cent for the fourth month in a row.
Interest rates decision due
03.47 Thu Aug 07 2008
The Bank of England's interest rates decision is due this lunchtime.
Stamp duty suspension as UK struggles?
22.52 Tue Aug 05 2008
A temporary suspension of stamp duty could reportedly be among measures aimed at helping Britain through the credit crunch.
Clinton backs 'big-brained' Brown
10.07 Tue Aug 05 2008
Former US president Bill Clinton has given Gordon Brown his backing, saying he is a man with a "big brain and a good heart".
Mixed picture for John Lewis
11.22 Fri Aug 01 2008
The John Lewis department story has reported a fall in weekly sales, but half-year figures are up on 2007.
US approves housing market rescue bill
21.55 Sat Jul 26 2008
The US Congress has approved a multi-billion pound housing market rescue bill amid fears over mortgage titans Fannie Mae and Freddie Mac.
Peruvian's celebrate the nations favourite drink
12.18 Sat Jul 26 2008
A festival is being held in Peru to honour the nations favourite drink
Economic confidence slumps
07.36 Wed Jul 23 2008
Confidence in the economy is lower than during the 1979 winter of discontent, a poll has showed.
Property sales down 45%
14.57 Tue Jul 22 2008
The number of homes changing hands has nearly halved during the past year, figures show.
Call made for UK interest rate cut
09.17 Mon Jul 21 2008
Britain needs an immediate cut in interest rates to avoid a prolonged recession.
Darling: no more cash for services
18.08 Sat Jul 19 2008
Cabinet ministers have been warned there is no more money for public services.
Fiscal rules under review
14.33 Fri Jul 18 2008
Alistair Darling has said the rules on how much Britain can borrow are under review.
FTSE closes at 5150.6
17.43 Wed Jul 16 2008
The FTSE 100 index closed 21.3 points down at 5150.6 after another volatile session.
More UK economy gloom forecast
08.54 Mon Jul 14 2008
Two-thirds of financial chiefs among the UK's top 350 companies believe the worst impact of the credit crunch is yet to come.
FTSE closes at 5261.6
17.14 Fri Jul 11 2008
The FTSE 100 share index has closed 145.2 points down to 5261.6 - the lowest since October 2005.
Economic concerns outweigh terror fears
10.05 Thu Jul 10 2008
Britons are more worried about the cost of living than the threat of terrorism, crime or global warming, a survey has found.
Profit warning sends M&S shares tumbling
23.11 Wed Jul 02 2008
Around £1 billion has been wiped off the value of Marks & Spencer shares after the retailer issued a shock profit warning.
Profit warning sends M&S shares tumbling
08.53 Wed Jul 02 2008
Around £1 billion has been wiped off the value of Marks & Spencer shares after the retailer issued a shock profit warning.
Age and sex discrimination tackled
19.28 Thu Jun 26 2008
Discrimination against older people in the provision of goods and services will be outlawed as part of a "radical shift" in policies.
Chancellor calls for pay restraint
08.53 Thu Jun 19 2008
The Chancellor Alistair Darling has urged wage restraint in both the public and private sectors to avoid spiralling inflation.
Chancellor calls for pay restraint
06.33 Thu Jun 19 2008
The Chancellor Alistair Darling has urged wage restraint in both the public and private sectors to avoid spiralling inflation.
FTSE ends week on positive note
17.45 Fri Jun 13 2008
The FTSE has closed above the 5,800 barrier following a volatile week for traders.
House sales at record low
22.39 Tue Jun 10 2008
The number of homes changing hands has fallen to a record low as potential buyers continue to stay away from the market.
Shoppers hold purse strings tight
10.31 Thu May 22 2008
Retail sales have fallen in successive months for the first time in more than two years, official figures show.
Inflation unchanged at 2.5%
14.12 Tue Apr 15 2008
The Consumer Prices Index (CPI) remained at 2.5 per cent in March, official figures have shown.
House price slump as PM meets bankers
12.31 Tue Apr 15 2008
Gordon Brown has held talks with bankers as new figures indicate a further slump in house prices.
G7 bids to end economy troubles
11.55 Fri Apr 11 2008
The G7 group of wealthy countries are holding a meeting in the hope that they will be able to put an end to the global credit crunch.
House prices 'to fall by 6%'
17.38 Tue Oct 30 2007
House prices are expected to fall by up to 6 per cent in some areas of the UK during 2008, an economic research group has said.
'UK heading for economic slowdown'
11.49 Fri Oct 05 2007
The UK could be heading for an economic slowdown after being buffeted by the global credit squeeze, according to reports.
Interest rates likely to stay unchanged
10.41 Fri Aug 31 2007
Interest rates are set to remain at current levels amid new evidence that households are struggling to cope with higher mortgage payments.
Supermarket wars lower cost of living
09.49 Tue Aug 14 2007
A supermarket price war has contributed to bringing the cost of living down to its lowest level for more than a year.
Most Indians live on 25p a day
16.09 Fri Aug 10 2007
Around 836 million people in India - or 77 per cent of the population - live on less than 25p a day, a government report has said.
Economic growth slows
17.29 Wed Mar 28 2007
The economy grew slightly slower than expected in the fourth quarter of 2006 while expectations of more interest rate hikes remain.