Cameron's Speech Rebuked By Fiscal Watchdog

David Cameron has been rebuked by the Office for Budget Responsibility about the impact of his Government's austerity measures on economic growth. In a high-profile speech on Thursday, the Prime Minister said the OBR was "absolutely clear that the deficit...

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US Boom: Jobs Jump By 236,000 In February

The number of people hired in the United States by non-farm employers jumped by 236,000 in February, exceeding expectations. The unemployment rate also dropped to 7.7% from 7.9% in January, the lowest level since December 2008. The Obama administration...

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More Than 400 In Barclays Millionaires' Club

By Mark Kleinman, City Editor More than 400 staff at Barclays earned pay deals worth more than £1m last year, a reduction on 2011 but a substantial number for a year in which the bank's reputation was dragged through the mire. According to Barclays'...

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Bank Holds Off On More Economic Stimulus

The Bank of England's Monetary Policy Committee (MPC) has voted not to pump billions of pounds more into the UK economy, despite fears of weak growth. In what was likely to have been a close decision on extending quantitative easing (QE) after a 6-3...

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Barclays Chief Jenkins Hints At Jobs Axe

By Mark Kleinman, City Editor The chief executive of Barclays has suggested that the growing automation of banking services could result in tens of thousands of jobs disappearing from its workforce during the next decade. I have learned that during...

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PM: We'll Come Through If We Hold Firm

Cameron Firm On Tough Resolutions Updated: 4:54pm UK, Thursday 07 March 2013 By Jon Craig, Chief Political Correspondent, in Keighley David Cameron came to Bronte country to talk about human emotions … or rather the impact on them of these tough...

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EasyJet: Budget Airline Joins FTSE 100

Budget airline easyJet has been promoted to the FTSE 100 Index after a record run for its share price. The Luton-based firm is the London market's 82nd largest company and with a value of £4bn is large enough to earn a place among the ranks of blue-chip...

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RBS Apology As Customers Hit By New IT Glitch

RBS, NatWest and Ulster Bank have apologised after many customers were unable to use their accounts online or withdraw cash for several hours. The technical problems, which started on Wednesday evening, come less than a year after they were hit by a...

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Daw Mill Mine Closes Leaving 650 Jobs At Risk

The owner of Daw Mill Colliery confirms it is to close, ending 47 years of coal production at the Warwickshire mine. UK Coal Mine Holdings said the majority of its 650-strong workforce are facing redundancy. The move comes after what the company's...

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Miliband: Low-Skill Immigration Is Too High

Britons must get a "fair crack of the whip" when it comes to competing for jobs with immigrants, Ed Miliband will say later. In a party political broadcast, the party leader will admit Labour got the immigration issue wrong while in power and should...

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Payday Loans: Firms Face Tougher Ad Rules

Payday loans firms are facing tighter advertising rules as the Government tries to ensure that companies do not take advantage of people drowning in debt. The plans include limiting the number of adverts firms are allowed to put out per hour, the times...

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Childcare Costs: Fees Double In 10 Years

The cost of a nursery place has almost doubled over the last decade, childcare charities warned today. Parents are struggling to pay fees which are soaring towards levels being charged by private schools, a report by the Daycare Trust and the Family...

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Forbes Rich List: 1,426 Billionaires Worldwide

The world now has a record 1,426 billionaires with a combined wealth of $5.4 trillion (£3.6trn), according to a new survey. The 2013 Forbes annual billionaires issue said a total of 210 new billionaires have been added to the list, with their wealth...

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Funding For Lending Credit Cut Sharply

British lenders taking part in a Bank of England scheme to boost firms' and households' access to credit cut lending sharply in the last three months, official statistics have revealed. The lower than expected Funding for Lending Scheme (FLS) figures...

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New FSA Rules Prompt Internet Bank Rethink

By Mark Kleinman, City Editor A new retail bank which has been struggling to secure funding and regulatory approval for more than three years has restarted talks with potential investors, buoyed by new rules governing start-up lenders. I have learnt...

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HSBC Boss Gulliver In Line For £2m Bonus

By Mark Kleinman, City Editor HSBC is to award its chief executive a bonus of just under £2m for 2012 following a year of successful strategic action to overhaul the bank but which was marred by a £1.2bn fine for violating US money-laundering laws....

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StanChart Cuts Bonuses After £440m Iran Fine

By Mark Kleinman, City Editor Standard Chartered will this week cut both its group-wide bonus pool and the payout for its chief executive despite a record trading year buoyed by continued economic growth in its core markets. I understand that London-headquartered...

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China Energy Firm Bows To Pollution Pressure

China: Life In Polluted Beijing Updated: 3:40am UK, Monday 04 March 2013 Until I moved to Beijing, I would never have believed that the same view from the same window at the same time could be so strikingly different 24 hours apart, but on Thursday...

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Pressure On First Buyers As House Prices Rise

By Nick Martin, Sky Correspondent House prices edged up month-on-month in both January and February this year, bringing good news for homeowners but adding pressure on first-time buyers. Building society Nationwide said it was cautiously optimistic...

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HSBC Boss Gulliver In Line For £2m Bonus

By Mark Kleinman, City Editor HSBC is to award its chief executive a bonus of just under £2m for 2012 following a year of successful strategic action to overhaul the bank but which was marred by a £1.2bn fine for violating US money-laundering laws....

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Obama Signs Order To Start Spending Cuts

President Barack Obama has signed an order authorising $85bn cuts in domestic and defence spending following the failure of efforts to strike a deal with Republicans on cutting the US deficit. Mr Obama and Republican leaders in the House and Senate...

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