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

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Woman who was sent to three Nazi death camps describes how she escaped the gas chamber

Auschwitz liberation 70th anniversary

Woman sent to three Nazi death camps describes surviving gas chamber
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea