News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

Carney's rate policy to face new pressure if jobless numbers slip

Mark Carney's forward guidance policy on interest rates could come under even greater market pressure this week when the Office for National Statistics reports the unemployment rate for the three months to July.

Anthony Hilton: Plotting a way through this dangerous thicket of short-term thinking

The wealth of information is creating a poverty of attention

UK growing at fastest pace since 2010, but non-EU exports plunge

Forward guidance involves making  a promise about  future interest rates 

James Moore: A tale of two Co-op accounts raises some stark discrepancies

Outlook So who do you believe? Neville Richardson, the former chief executive of Co-operative Banking Group, who previously ran Britannia Building Society, tagged as the source of its problems following their merger.

PMI: UK services sector growth at six-year high

New business at companies ranging from restaurants to law firms expanded at the sharpest rate for more than 16 years

Banks’ net lending falls despite their billions from the FLS

Net lending from banks and building societies has been negative since the Bank of England launched its flagship Funding for Lending Scheme, figures from Threadneedle Street showed yesterday. Over the four quarters to June participating institutions in the FLS contracted their loan books by £2.3bn, despite drawing down a cumulative £17.6bn of cheap funding from the scheme.

The Week Ahead: Berkeley building on London’s boom

Today

The average deposit for first-time buyers in London has hit an all-time high of £64,000 and the price of a London home shows no sign of reaching a peak. For those companies building houses in the capital this is a pretty good situation.

Property prices rise at fastest rate since 2007

Low rates and improving economic outlook mean demand continues to outpace supply

New workers being ‘trapped in low-paid, part-time work’

The average income of the self-employed in 2011, which is down from £16,100 in 2002

Bank sits tight as UK recovers

More evidence of growing economic momentum is set to stay the Bank of England's hand on help for the recovery this week.

Mortgages surge but Mark Carney says he will stop new bubble

Banks and building societies will grant almost 700,000 mortgages this year amid the biggest surge in lending since 2009, leading economic forecasters said yesterday.

Age at which struggling first-time buyers can finally trade up rises to 40

The average age at which first-time home buyers trade up to a new property has risen to 40 – with younger owners trapped in homes they purchased before the recession of 2007.

Mark Carney tells City he will stick by vow to keep interest rates rock bottom

Bank's Governor warns markets against tightening economy's financial conditions

Services sector strength ups pressure on Carney

Bank Governor set to defend ‘forward guidance’ policy in face of buoyant data

The Co-op bank reported a loss of £674m for 2012

'Sea of red' warning on troubled Co-op Bank's half-year results

Damaging writedowns loom as investors await details of controversial £1bn bond-swap plan

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 1 May 2015
General Election 2015: ‘We will not sit down with Nicola Sturgeon’, says Ed Balls

'We will not sit down with Nicola Sturgeon'

In an exclusive interview, Ed Balls says he won't negotiate his first Budget with SNP MPs - even if Labour need their votes to secure its passage
VE Day 70th anniversary: How ordinary Britons celebrated the end of war in Europe

How ordinary Britons celebrated VE Day

Our perception of VE Day usually involves crowds of giddy Britons casting off the shackles of war with gay abandon. The truth was more nuanced
They came in with William Caxton's printing press, but typefaces still matter in the digital age

Typefaces still matter in the digital age

A new typeface once took years to create, now thousands are available at the click of a drop-down menu. So why do most of us still rely on the old classics, asks Meg Carter?
Discovery of 'missing link' between the two main life-forms on Earth could explain evolution of animals, say scientists

'Missing link' between Earth's two life-forms found

New microbial species tells us something about our dark past, say scientists
The Pan Am Experience is a 'flight' back to the 1970s that never takes off - at least, not literally

Pan Am Experience: A 'flight' back to the 70s

Tim Walker checks in and checks out a four-hour journey with a difference
Humans aren't alone in indulging in politics - it's everywhere in the animal world

Humans aren't alone in indulging in politics

Voting, mutual back-scratching, coups and charismatic leaders - it's everywhere in the animal world
Crisp sales are in decline - but this tasty trivia might tempt back the turncoats

Crisp sales are in decline

As a nation we're filling up on popcorn and pitta chips and forsaking their potato-based predecessors
Ronald McDonald the muse? Why Banksy, Ron English and Keith Coventry are lovin' Maccy D's

Ronald McDonald the muse

A new wave of artists is taking inspiration from the fast food chain
13 best picnic blankets

13 best picnic blankets

Dine al fresco without the grass stains and damp bottoms with something from our pick of picnic rugs
Barcelona 3 Bayern Munich 0 player ratings: Lionel Messi scores twice - but does he score highest in our ratings?

Barcelona vs Bayern Munich player ratings

Lionel Messi scores twice - but does he score highest in our ratings?
Martin Guptill: Explosive New Zealand batsman who sets the range for Kiwis' big guns

Explosive batsman who sets the range for Kiwis' big guns

Martin Guptill has smashed early runs for Derbyshire and tells Richard Edwards to expect more from the 'freakish' Brendon McCullum and his buoyant team during their tour of England
General Election 2015: Ed Miliband's unlikely journey from hapless geek to heart-throb

Miliband's unlikely journey from hapless geek to heart-throb

He was meant to be Labour's biggest handicap - but has become almost an asset
General Election 2015: A guide to the smaller parties, from the the National Health Action Party to the Church of the Militant Elvis Party

On the margins

From Militant Elvis to Women's Equality: a guide to the underdogs standing in the election
Amr Darrag: Ex-Muslim Brotherhood minister in exile still believes Egypt's military regime can be replaced with 'moderate' Islamic rule

'This is the battle of young Egypt for the future of our country'

Ex-Muslim Brotherhood minister Amr Darrag still believes the opposition can rid Egypt of its military regime and replace it with 'moderate' Islamic rule, he tells Robert Fisk
Why patients must rely less on doctors: Improving our own health is the 'blockbuster drug of the century'

Why patients must rely less on doctors

Improving our own health is the 'blockbuster drug of the century'