Recent Event Highlights: BMW pays German - but not British - staff â‚¬1,000 thank you bonus, E&Y warns on profits crunch, HP accused of ignoring unions after announcing 9,000 job cuts, Greece threatens to call in IMF as Europe dithers , Greece will be saved, but what about Europe's other debtors? , It's official: the crisis in UK public finances has taken a turn for the worse , and 527 more...
Created by justin_williams on 24/10/2008
Last updated: 04/11/10 at 15:06
Tags: recession financial crisis credit crunch economics finance business
BMW is to pay its 70,000 German staff a one-off bonus for their commitment and
flexibility during "difficult times" in the recession.
Greece ups the ante in escalating game of brinkmanship with the EU,
threatening to turn to the International Monetary Fund for support.
Rising unemployment and the search for jobs has sent applications soaring,
with advertisers swamped by responses.
The Government's cost of borrowing tumbled back beneath the 4pc mark as the
Bank of England signalled that it may yet restart quantitative easing.
Britain has at last emerged from recession. This is how the economy now
compares with the world's other major powers.
Lloyds Banking Group will not get back all the Â£450m it lent to the collapsed
property empire of entrepreneur Paul Kemsley, despite a recovery in the
commercial property market, administrators say.
Britain's finance directors are beginning 2010 in the most positive mood in
more than two years, according to a survey by Deloitte.
The Government is to distance itself further from the City by breaking with
tradition and declining to knight the Lord Mayor of London, Ian Luder.
Bank of England Governor Mervyn King said he has an open mind on whether to inject more money into the economy as the UK has only 'just started' along the road to recovery.
Bank of England attacked after a key scheme to kickstart lending to mediumsized businesses has had zero takeup since its launch.
Britain will not escape the savage spending cuts seen elsewhere in Europe says Edmund Conway.
The rate of UK inflation fell more than expected last month dropping to the lowest level in five years as the downturn kept a lid on price pressures.
Profit warnings issued by British companies fell to a sixyear low in the third quarter but Ernst & Young E&Y has warned the lagging consequences of a deep recession are likely to hurt companies into 2010.
Lower energy and food prices kept a lid on inflation during August partly offsetting a rise in transport costs.
The Royal Bank of Scotland is to spend up to Â£300000 on corporate entertaining at Wimbledon despite its bailout by taxpayers.
British companies are reporting tentative signs that the severity of the credit crisis could be easing.
Introducing USstyle yellow school buses across Britain would create up to 13000 new jobs according to new research by a group headed by former Home Secretary David Blunkett.
House prices may fall by a further 55pc and there is "real probability" that Britain will be bankrupt investment bank warns.
Sales hit alltime low as homebuyers return to the market but still can't get mortgages the Royal Institution of Chartered Surveyors said.
UK Government debt investors will be among those hoping for some cheer from the Bank of England today as it is expected to unveil radical new plans to rescue the economy from recession.
Meggitt the British engineering and aerospace group is planning to axe up to 750 jobs as part of a programme to cut by about Â£50m a year.
Northern Rock will not try to help firsttime buyers as part of a Â£14 billion package of new mortgage lending.
Investors continue to rush to invest in the classic safehaven.
The Government could be heading for a showdown with Brussels over its insurance scheme for banks' toxic assets.
Some of the high street's best known stores including Oasis Coast and House of Fraser are facing an uncertain future after their parent company became the latest victim of the global financial meltdown.
The Bank of England is widely predicted to announce a "pointless" 0.5 percentage point reduction in interest rates today that will not help borrowers and will hurt savers experts warned.
Charles Grassley a Republican senator has suggested the software company sack foreign workers before Americans in a protectionist outburst.
The United States economy the world's largest shrank 3.8pc in the final three months of 2008 the biggest fall in 26 years.
More than 50m people worldwide could lose their jobs this year as the global recession intensifies the International Labour Organisation has warned.
Citigroup won't be getting a new corporate jet after pressure from President Barack Obama over how banks are spending government bailout money.
An army of accountants is combing through the books trying to establish just how much the toxic assets of the bailedout banks are actually worth. At stake says the Government is the future of Britain's economy.
The UK is officially in its worst recession since 1980.
Unemployment is today expected to move close to two million as a report warns that 44pc of companies are laying off temporary and agency employees.
Barclays is under mounting pressure to partake in the latest bail out of the banking system a move that could see it partially owned by the taxpayer.
Business groups have given a cautious welcome to government plans to guarantee up to Â£21bn of bank loans to small and midtier companies in order to keep credit flowing during the recession.
HSBC's shares tumbled 8pc after an analyst warned that the giant bank may have to raise up to Â£20bn and halve its dividend.
Just one borrower in arrears on their mortgage prevents banks lending up to 80 new customers the Council of Mortgage Lenders has revealed.
Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began underscoring the collapse in trade.
Retail websites enjoyed a boom time over the Christmas trading period in sharp contrast to the high street according to figures which underline how internet shopping continues to thrive.
Banks have begun cutting interest rates on savings accounts to zero for first time spelling more misery for savers.
Ireland's declining economy has been dealt a further blow after US computer giant Dell announced plans to shift its European manufacturing facility to Poland with the loss of 1900 jobs.
It's going to be a bumpy year ahead so....
2009 will not bring an end to property woes writes Edmund Conway.
The Post Office has enlisted sevenyearold children to help them explain financial terms to their customers.
High street stores saw a stampede of shoppers as millions took advantage of unprecedented price cuts in what retailers described as the busiest Boxing Day sales in memory.
As the market recovers estate agents are going to have to offer a better service.
Zavvi the CD and DVD chain formerly known as Virgin Megastores has crashed into administration threatening over 3400 jobs.
Large swathes of industry are in the middle of a month long shutdown as companies attempt to come to terms with the rapid deterioration in the economy.
Lenders to Mecom the newspaper publisher run by former Mirror Group chief David Montgomery have drafted in a restructuring firm amid growing concerns about its future.