Mervyn King: Bank of England has no room for manoeuvre 2008-05-16 05:25 - The Governor of the Bank of England dashed hopes yesterday that it would act
to shore up the rapidly weakening economy as he made clear that surging
inflation would scupper chances for more than one further interest rate cut
this year.
New housing starts plunge by a quarter 2008-05-16 05:25 - The number of new housing starts in the first quarter of 2008 fell by nearly
25 per cent compared to last year as the rising cost of mortgages and
falling house prices took their toll on the British construction industry.
Gordon Brown pays £2.7 billion to end 10p tax crisis 2008-05-15 06:01 - Alistair Darling cut taxes yesterday for 22 million people to make good the
losses of only 4 million, in the biggest financial and political U-turn of
modern times.
Exclusive: City watchdog condemns pension funds 2008-05-15 06:01 - Millions of workers are at risk of being mis-sold retirement products after
being given "weak" and "misleading" advice by their
pension fund, according to damning findings from the City watchdog.
Jobs for junior lawyers dry up as boom ends 2008-05-15 06:01 - Britain’s largest law firms are reducing the number of junior lawyers they are
hiring amid concerns that debt finance and corporate takeover work both in
London and overseas has largely dried up.
Sir Paul McCartney and Heather Mills: after all that, it’s finally ove... 2008-05-15 06:01 - In contrast to the media circus that surrounded previous hearings, the
four-year divorce of Sir Paul McCartney and Heather Mills finally ended
today with a quick, uncontested pronouncement by a High Court judge.
Lord Chief Justice and his funky new gown 2008-05-15 06:01 - For 300 years the wig and gown have symbolised the authority of the court. All
that will change in October, when judges in civil and family cases will
ditch their horsehair wigs and instead be dressed by a designer whose
trademark is “funky British clothes for aspiring funky British girls”.
US Fed admits market is ’still far from normal’ 2008-05-15 06:01 - Ben Bernanke, chairman of the Federal Reserve, today admitted the US central
bank would be prepared to pump more liquidity into the American financial
system, describing the current market as "still far from normal".
HP to brave bond market to fund $13.9bn EDS bid$ 2008-05-15 06:01 - Hewlett-Packard, the US printer giant, is to brave the bond markets in the
worst credit crisis for a decade to raise capital for its $13.9 billion cash
offer for EDS, the computer services company founded by Texan businessman,
Ross Perot.$
