The euro tumbled again today after Greek Prime Minister, George Papandreou, warned that Greece might have to seek help from the International Monetary Fund (IMF).
The currency fell to 1.3648 dollars, before recovering to 1.3692 dollars, however it was still down from 1.3735 dollars late in New York yesterday.
Today, Mr Papandreou told the EU parliament in [...]
The latest Bank of England quarterly lending survey has revealed lending to British businesses slumped in January.
According to the report, net lending fell by 9.3% during the month – the sharpest decline since records began in 1999.
Banks and building societies lent £6.5 billion in January and followed a drop of £3.4 billion in the previous [...]
The Labor Department today revealed the world’s largest economy appears to be under no inflationary pressure as consumer prices remained flat in February, as widely expected.
According to the Labor Department, the consumer price index remained unchanged during the month, although prices were 2.1% higher than in February 2009.
Meanwhile, core inflation, which excludes food and [...]
According to The Times, the Land Registry is to axe a further 800 jobs, on top of the 1,500 job losses it announced last October.
The Registry, which has 20 offices across the country and covers England and Wales and records and guarantees the ownership of domestic and commercial property, said staff would fall further to [...]
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp rise in UK car production for the month of February.
Car production surged 62.7% against the same month a year ago and represents the fourth consecutive month that output has seen a year-on-year increase.
The SMMT said there 97,255 cars were produced [...]
The Office for National Statistics (ONS) has today revealed the UK Government borrowed a further £12.4 billion in February.
However, while the figure represented the highest amount for February on record, it was less than economists had forecast.
Overall, debt stands at £857.75 billion – the equivalent to 60.3% of GDP, up from 50.5% a year [...]