ECB chief launches broadside at indecisive government as panic takes hold in Madrid and Rome

At last year’s Occupy Wall Street demonstrations in New York a superhero made his debut. He was a bearded figure called “Krug man”, who set about vanquishing the minions of the evil financial services empire with his fearsome “macro mallet”. The unlikely cartoon champion was based on Paul Krugman, the Nobel Prize winning economist.

Jaguar Land Rover (JLR) has posted the highest profits in it's history. The luxury car maker said that pre-tax profits grew from £1.1bn last year, which was also a record, to £1.51bn.

Unicef warns UK that more children face life of poverty

Jaguar Land Rover (JLR) has posted its biggest-ever profits. The luxury car maker said pre-tax profits grew from £1.1bn last year – the previous record – to £1.51bn.

There is an alternative to throwing cash at the problem: affordable childcare

Swiss central bank admits planning for end of single currency as pressure on member states builds

Britain's recession is even deeper than was thought, according to the latest data from the Office for National Statistics. Economic output in the first three months of this year contracted by 0.3 per cent, the agency said yesterday – more than than the 0.2 per cent reduction it estimated in April.

More offenders were jailed last year, and received longer prison sentences, despite an overall fall in the number of criminal convictions, the Ministry of Justice (MoJ) disclosed yesterday.

Who's Adrian Wyatt?

Britain's double-dip recession is deeper than previously thought, after revised estimates showed a sharper decline in the economy in the first three months of 2012.

Shadow Chancellor Ed Balls said today he was “completely staggered” when David Cameron branded him a “muttering idiot” during an angry outburst in the Commons.

Labour today seized on figures showing a sharper decline in the economy in the first three months of the year to claim the coalition was a “no-growth Government with its head in the sand”.

David Cameron today dismissed Labour leader Ed Miliband and shadow chancellor Ed Balls as "muttering idiots" as he lost his temper at their heckling during Prime Minister's Questions.