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 15 May 2015
Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most
Katy Perry prevented from buying California convent for $14.5m after nuns sell to local businesswoman instead

No grace of God for Katy Perry as sisters act to stop her buying convent

Archdiocese sues nuns who turned down star’s $14.5m because they don’t approve of her
Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

Residents just want water and power in a city chosen to be a ‘smart’ metropolis

The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
Michael Fassbender in 'Macbeth': The Scottish play on film, from Welles to Cheggers

Something wicked?

Films of Macbeth don’t always end well - just ask Orson Welles... and Keith Chegwin
10 best sun creams for body

10 best sun creams for body

Make sure you’re protected from head to toe in the heatwave
Wimbledon 2015: Nick Bollettieri - Milos Raonic has ability to get to the top but he must learn to handle pressure in big games

Nick Bollettieri's Wimbledon files

Milos Raonic has ability to get to the top but he must learn to handle pressure in big games
Women's World Cup 2015: How England's semi-final success could do wonders for both sexes

There is more than a shiny trophy to be won by England’s World Cup women

The success of the decidedly non-famous females wearing the Three Lions could do wonders for a ‘man’s game’ riddled with cynicism and greed
How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map