News The more modern town of Salford, where the latest investment of the English Cities Fund is expected to be announced

Could Britain’s chronic housing shortage be solved by using insurers’ assets? Jamie Dunkley and Russell Lynch report

Leading article: Britain cannot stand apart from the euro crisis

Mr Cameron must throw his weight unequivocally behind efforts to save the single currency

Warning to banks on eurozone crisis

Bank of England Governor Sir Mervyn King today urged banks to brace themselves for a potential eurozone collapse amid fears that Britain is caught in a second credit crunch.

David Prosser: A decade after Enron, auditing needs a shake-up

Ten years ago tomorrow, Enron, which was then the US's seventh largest company, filed for bankruptcy following a shocking accounting scandal that seemed to have completely passed its auditor by. The auditor in question, Arthur Andersen, subsequently disbanded.

Britons pay record amounts off their mortgages

Homeowners pumped a record £9.1bn into reducing the debt on their properties in the second quarter of the year, the Bank of England revealed yesterday.

David Prosser: A decade after Enron's collapse, the failures of the audit industry have still to be confronted

Outlook Ten years ago tomorrow, Enron, which back then was the US's seventh largest company, filed for bankruptcy following a shocking accounting scandal that appeared to have completely passed its auditor by. The auditor in question, Arthur Andersen, subsequently disbanded.

Osborne's impact laid bare: The rich get richer and the poor get poorer

Government warns of new credit crunch as the poor feel the pain

Vicky Pryce: If Europe deteriorates further, there will be even more hardship ahead for us

The story seems to be that the credit crunch knocked more stuffing out of the economy than we thought

David Prosser: Eurozone leaders have found convenient fall guys in the credit ratings agencies

Outlook Here we go again: if in doubt, shoot the messenger. While the eurozone's leaders continue to argue about the best way to resolve the crisis stalking the single currency bloc, action isproceeding much more quickly against a convenient bunch of fall guys – the credit rating agencies.

The perils of over-reliance

Never depend on one supplier – it will come back to haunt you, explains Will Wynne

Premier Foods battles for survival after Tesco row

Mr Kipling may bake exceedingly good cakes but his parent company put out an exceedingly bad trading update yesterday. Premier Food's shock announcement prompted a 40 per cent collapse in its share price and raised questions over its future.

Small Talk: Enterprise calls time on FTSE 250 listing

Enterprise Inns was among the most prominent companies to be demoted to the FTSE Small Cap index last week. The pubs group, once a member of the FTSE 100, was booted out of the FTSE 250 as part of the latest index reshuffle, and will relinquish its mid-cap berth after the close this Friday, when the results of the review are implemented.

Sean O'Grady: Even grim scenarios are optimistic

while not on the scale – yet – of the panic that gripped the financial world in the aftermath of the failure of Lehman Brothers in

Mission Drift, Traverse, Edinburgh

The Team don't do things by halves. The New York-based Theatre of the Emerging American Movement state their mission as being to dissect what it means to be an American, living in America today.

Letter from the editor: A parallel universe

I’m sure you must have watched the television coverage of the riots last night, as I did, with increasing concern and, yes, fear.

Julian Knight: Will politicians be able to avert credit crunch part two?

The world's governments that bailed us out in part one now need bailing out themselves
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Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine