News

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

Ben Chu: Productivity plummeted in 2008 – and its fortunes are tied to our own

Economic View: Through education and developing new technologies, we have increased output

UK rallying faster than thought as exports leap boosts GDP

Hopes are boosted for rebalancing of economy towards trade and investment

The sun rises over the City of London

Boost for George Osborne as economic growth upgrade points to recovery

...but at least there is some City news to brighten up your day

Investment View: It's worth taking the trip with two travel firms

It's holiday time so it seems appropriate to run the slide rule over the two big tour operators that have recently issued rather positive trading updates. While we relax, they are now starting to focus on the winter season and even next year's bookings. But the numbers to date look good.

Official statistics to track controversial 'zero hours' employment contracts

The Office for National Statistics is to start asking employers how many people they employ on "zero-hours contracts" following criticism that it has failed to capture this new and controversial hiring trend.

Low rates and high inflation take £7bn toll on business

British businesses are losing more than £7bn a year due to a combination of low bank interest rates and above-target inflation, new figures reveal.

James Ashton: Bankers toiling in these dog days will be wagging their tails at bonus time

The whodunnit 'Broadchurch' was praised for its ‘restrained approach’

FTSE set for second week of losses thanks to US jitters

London’s FTSE 100 was on course for its second losing week in a row today as fears over the US Federal Reserve slowing the pace of money-printing lingered in City dealing rooms.

The number of people in work increased by 69,000 in the quarter to June to 29.78 million

Unemployment rate holds steady as claimants total drops

Number of 16 to 24-year-olds out of work increased by 15,000 to reach 973,000

Mark Carney sparks 'stampede' for home loans

Mortgage lenders and brokers have enjoyed a "stampede" of borrowing requests since Mark Carney pledged to keep interest rates on hold for the next few years.

Mark Carney's predictions may change faster than he could imagine in the UK with its economic weather

Julian Knight: Mark Carney's economic forecast could be under the weather

The Bank of England Governor's predictions may prove less reliable than the Met Office

Mark Carney starts Monday as the new Governor of the Bank of England

Banks must help businesses create jobs or become 'socially useless' says Bank chief Mark Carney

Banks risk becoming socially useless unless they focus on the real economy and help businesses invest and create jobs, Bank of England governor Mark Carney has said.

Banks must help businesses create jobs or become 'socially useless' says Bank chief Mark Carney

Banks risk becoming socially useless unless they focus on the real economy and help businesses invest and create jobs, Bank of England governor Mark Carney has said.

Ben Chu: Last laugh for the luddite

Outlook Many claim to have foreseen the global financial crisis, but Raghuram Rajan's claim is unimpeachable. In a 2005 paper presented at the annual central bankers' conference at Jackson Hole, Wyoming, the former chief economist of the International Monetary Fund warned, in considerable detail, of a possible financial crisis brought on by hidden risks in the banking sector.

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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 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links