17
Business urges Bank to make big rate cut
Unions and business organisations have urged the Bank of England to slash interest rates by "at least" 1 percentage point this week to avoid a deep and painful recession.
15
UK 'heading for recession'
According to the Guardian, this has been brought on by the continuing downturn in the economy over recent months. 15
Another week, another shrinking economy
Another week, another shrinking economy. This time it was the turn of the US which contracted for the first time in seven years. The Fed reacted with its second 50bps rate cut in a month. 15
Credit crunch prompts deeming rate drop
The federal government is set to lower the social security income test deeming rates as a result of the global financial crisis. 14
Evidence of a recession piles even higher
Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won't buy stock in the financing arms of auto companies to prop them up. 14
Interest rates could be slashed by record-breaking 1%
Gordon Brown hinted at another emergency global interest cut yesterday amid warnings that UK unemployment is set to soar to almost 3million. 14
UK's Brown seeks Saudi cash in latest crisis salvo
British Prime Minister Gordon Brown said on Sunday he expected Saudi Arabia to pump money into the International Monetary Fund, the latest salvo in an ongoing effort to contain the global financial crisis that is also expected to bring a new roun 13
Recession will hit UK hardest
Britain will suffer a deeper recession than any other mature EU economy, with a contraction of 1% next year and only 0.4% growth in 2010, the European commission said today. 
