News

The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

FFL headache for prices website

Banks are getting cheap cash from the Government's Funding For Lending (FFL) scheme, and that means they don't need to offer generous savings deals — hitting revenues at MoneySupermarket.

Investment View: Why slow growth is not troubling equities

Cost-cutting, productivity improvements and restructuring cannot be repeated endlessly

Bank to keep stimulus on hold

The Bank of England's rate-setters will hold off on further aid for the recovery this week despite the threat of a another slump looming again over the economy.

Bank to keep stimulus on pause

The Bank of England's rate-setters will hold off on further aid for economic recovery this week despite the threat of another slump looming again over Britain.

New City job numbers drop 35 per cent in 2012

The City of London jobs machine is stalling, according to a survey by the recruitment firm Astbury Marsden. It says that some 35,115 new City jobs were created in 2012, down from 52,025 in 2011, representing a 35 per cent decline.

Nikhil Kumar: Don't get carried away by Fed's QE smoke signals

Talking of the Fed, the minutes of the Federal Open Market Committee's December meeting sparked worries that the central bank might tilt towards withdrawing, or even stopping, its bond-buying measures before 2013 is out. The cause was the evidence of disquiet among some FOMC members about the stimulus measures, which have led to a ballooning of the Fed's balance sheet.

China says it will seek a higher

China signals tolerance of slower growth

China says it will seek a higher "quality and efficiency" of growth next year, signaling new leaders may accept a reduced pace of expansion in exchange for a more sustainable model.

RBS 'set to agree £350m payment for Libor scandal'

Taxpayer-backed Royal Bank of Scotland is close to agreeing a £350m settlement with US and UK regulators over the Libor-fixing scandal, according to reports. This dwarfs the £290m penalty for Barclays in June. The furore cost then-chief executive Bob Diamond his job.

'Zombies' are putting the bite on profits at Begbies Traynor

The phenomenon of "zombie" companies staggering on with the help of low interest rates but unable to pay off debts rocked the insolvency practitioner Begbies Traynor today.

Pressure rises on banks over interest rate swaps

Small businesses paying huge fees from interest rate swaps to their banks are set to meet the Financial Services Authority this week to call for a quicker and more transparent process.

Pressure rises on banks over interest rate swaps scandal

Small businesses paying huge fees from interest rate swaps to their banks are set to meet the Financial Services Authority this week to call for a quicker and more transparent process.

Barclays targeting Sants to deal with financial watchdog

The former head of Britain's financial watchdog is in talks with Barclays to become the executive in charge of dealing with his old employer, according to financial industry sources.

Bank sticks to its guns with 'no change' on rates and QE

The Bank of England's Monetary Policy Committee has kept the scale of its money-printing programme unchanged at £375bn and held interest rates at their record low of 0.5 per cent.

Andreas Whittam Smith: A muddle way not a middle way

Whatever the numbers yesterday, George Osborne couldn't change course. Bringing forward a Plan B would have been to say: "I have been on the wrong track since I took office two and a half years ago". However dim the prospects, he had to press on.

Slight drop in house prices

House prices from September to November were 0.7% lower than in the previous three months

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 1 May 2015
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