The UK is now in the grip of the longest recession since records began, according to gloomy official figures published today.
The Bank of England held interest rates unchanged at their record low of 0.5 per cent today but stepped up its programme to boost the economy with injections of new money.
It was a beautiful day on Saturday at the Wasps v Gloucester match, not only in terms of the weather, but also in terms of the rugby from a photographer's point of view.
Chancellor Alistair Darling today gambled on a rapid economic recovery to rebuild Britain's battered finances as he revealed that borrowing this year would hit a record £175 billion.
Bank of England expected to continue cutting interest rate despite inflation falling less than experts’ predictions
The Prime Minister today promised tax cuts to boost growth in the economy as the Tories accused him of planning a "borrowing binge".
Gordon Brown raised the spectre of deflation yesterday as David Cameron predicted that soaring government borrowing would result in a £1,500 "tax bombshell" for average earners. In fiery Commons exchanges with the Conservative leader, Mr Brown acknowledged for the first time that the world could face the first period of falling prices since the Great Depression of the 1930s. That would risk a recessionary spiral in which people did not spend because they thought prices would fall further, and interest rates could not be cut to stimulate demand once they fell to zero.
Advertising legend Rupert Howell was hired by Michael Grade to mastermind the commercial future of ITV. Phone-in scandals and the departure of Dawn Airey mean he has a difficult job ahead. He tells Ian Burrell of his plans to save the famous brand