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
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform