http://www.independent.co.uk/news/in-the-news/credit-crunch/?service=Rss http://www.independent.co.uk/news/business/news/the-spectre-of-stagflation-827745.html http://www.independent.co.uk/news/business/news/the-spectre-of-stagflation-827745.html?r=RSS <p>A combination of stagnant output and high inflation not seen for decades is set to haunt policy makers for months if not years to come. </p> Business News Wed, 14 May 2008 00:00:01 +0100 http://www.independent.co.uk/news/business/analysis-and-features/credit-crisis-will-someone-please-tell-the-stock-market-825711.html http://www.independent.co.uk/news/business/analysis-and-features/credit-crisis-will-someone-please-tell-the-stock-market-825711.html?r=RSS <p>It was a trip to China that showed Tom Ewing, the head of Fidelity's UK growth fund, which British companies should receive his investment money. Along with his wife, Clare, he spent six weeks travelling round China, taking nine internal flights and visiting as much as they could of the vast country.</p> Business Analysis & Features Sun, 11 May 2008 00:00:01 +0100 http://www.independent.co.uk/news/business/news/bovis-homes-warns-of-profits-fall-821764.html http://www.independent.co.uk/news/business/news/bovis-homes-warns-of-profits-fall-821764.html?r=RSS <p> Bovis Homes today warned that a 30-per-cent slide in reservations so far this year would leave half-year profits &quot;significantly lower&quot; than expected. </p> Business News Tue, 06 May 2008 09:14:18 +0100 http://www.independent.co.uk/life-style/house-and-home/property/house-prices-drop-yearonyear-for-first-time-since-1996-818184.html http://www.independent.co.uk/life-style/house-and-home/property/house-prices-drop-yearonyear-for-first-time-since-1996-818184.html?r=RSS <p> House prices have fallen by 1 per cent during the past 12 months, the first year-on-year fall since 1996, figures showed today. </p> Property Wed, 30 Apr 2008 08:15:16 +0100 http://www.independent.co.uk/news/uk/politics/lenders-pledge-to-pass-rate-cuts-on-to-mortgagepayers-814053.html http://www.independent.co.uk/news/uk/politics/lenders-pledge-to-pass-rate-cuts-on-to-mortgagepayers-814053.html?r=RSS <p>Homeowners have been promised a cut in interest rates when the inter-bank lending rate goes down after a Downing Street summit over the credit squeeze between the Chancellor and mortgage lenders. </p> UK Politics Wed, 23 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/world/americas/toughtalking-clinton-vows-to-obliterate-iran-if-it-ever-dares-to-attack-us-ally-israel-814090.html http://www.independent.co.uk/news/world/americas/toughtalking-clinton-vows-to-obliterate-iran-if-it-ever-dares-to-attack-us-ally-israel-814090.html?r=RSS <p>As Pennsylvania went to the polls yesterday, Hillary Clinton sought to burnish her reputation as a hawk by warning Iran that as president she was prepared to "obliterate" the country, should it launch a nuclear attack against Israel.</p> Americas Wed, 23 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/uk/politics/chancellor-will-urge-lenders-to-pass-on-rate-cuts-to-borrowers-813317.html http://www.independent.co.uk/news/uk/politics/chancellor-will-urge-lenders-to-pass-on-rate-cuts-to-borrowers-813317.html?r=RSS <p>Banks and building societies will be urged at a crisis meeting with the Chancellor today to pass on cuts in interest rates and give greater flexibility to customers in trouble with their mortgage repayments, after the biggest bank bail-out in a generation.</p> UK Politics Tue, 22 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/business/news/darling-hails-banks-rescue-package-812853.html http://www.independent.co.uk/news/business/news/darling-hails-banks-rescue-package-812853.html?r=RSS <p> Chancellor Alistair Darling today welcomed the Bank of England's &pound;50 billion rescue package for banks hit by the credit crunch. </p> Business News Mon, 21 Apr 2008 15:30:06 +0100 http://www.independent.co.uk/news/business/news/bank-of-england-to-unveil-16350bn-rescue-package-812046.html http://www.independent.co.uk/news/business/news/bank-of-england-to-unveil-16350bn-rescue-package-812046.html?r=RSS <p>The Bank of England is set to unveil a rescue package of around &pound;50bn to shore up the UK's fragile banking system, while Royal Bank of Scotland, the country's second-biggest bank, will ask shareholders for around &pound;10bn of new money as it discloses even more writedowns from the sub-prime fiasco. </p> Business News Sun, 20 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/business/news/property-woes-increase-as-slowdown-bites-811873.html http://www.independent.co.uk/news/business/news/property-woes-increase-as-slowdown-bites-811873.html?r=RSS <p>Britain's increasingly beleaguered property market was hit by further setbacks yesterday with a double whammy of bad news from the residential and commercial real-estate sectors.</p> Business News Sat, 19 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/money/mortgages/negative-equity-will-hit-over-one-million-homes-811226.html http://www.independent.co.uk/money/mortgages/negative-equity-will-hit-over-one-million-homes-811226.html?r=RSS <p>More than one million householders &ndash; about 10 per cent of all mortgage-holders &ndash; could soon find themselves with homes worth less than the debt outstanding on them, according to the Government's former adviser on the housing market. </p> Mortgages Fri, 18 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/world/americas/a-day-of-political-speeddating-as-brown-sizes-up-the-presidential-candidates-811230.html http://www.independent.co.uk/news/world/americas/a-day-of-political-speeddating-as-brown-sizes-up-the-presidential-candidates-811230.html?r=RSS <p>There was an unmistakable twinge of envy among European diplomats yesterday as the three American presidential candidates and their secret service details made their way up Massachusetts Avenue for separate meetings with Gordon Brown at the residence of the British Ambassador, Sir Nigel Sheinwald.</p> Americas Fri, 18 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/business/news/taxpayer-may-be-left-with-huge-bill-for-bank-bailout-811318.html http://www.independent.co.uk/news/business/news/taxpayer-may-be-left-with-huge-bill-for-bank-bailout-811318.html?r=RSS <p>The prospect of the largest state intervention in financial markets in British history prompted warnings yesterday that taxpayers could face a huge bill following the credit crunch.</p> Business News Fri, 18 Apr 2008 00:00:01 +0100 http://www.independent.co.uk/news/business/news/ubs-piles-on-misery-with-city-job-losses-811322.html http://www.independent.co.uk/news/business/news/ubs-piles-on-misery-with-city-job-losses-811322.html?r=RSS <p>UBS is set to cut 900 jobs in London by the end of June as the credit crunch begins to take its toll on the capital's once-booming financial services sector.</p> Business News Fri, 18 Apr 2008 00:00:01 +0100