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But rise in inflation was lower than expected and underlying price pressures eased, suggesting that the Bank of England will have room to cut interest rates to shore up the UK economy
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Watchdog probes 'soft A-levels'
England's exams regulator is to report on whether some GCSEs and A-levels are easier than others.
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European stocks sharply higher
BANKS drove European stocks up by more than 3 per cent overnight after US billionaire investor Warren Buffett offered to reinsure municipal bonds held by top bond insurers, soothing some of the most recent credit concerns.
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Market stronger despite banking slump
THE share market has opened higher following a strong lead from Wall Street and generally higher base metals prices in London.
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US job cuts mount as profits fall
BRAND-NAME American companies, spanning manufacturing, retailing and banking among other industries, are making sizeable job cuts as an economic slowdown bites corporate profits.
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Bat fossil solves evolution poser
A fossil found in Wyoming resolves a puzzle over when bats gained their sonar-like ability to navigate and locate food.
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New borrowers hit as banks hike rates on tracker mortgages
Halifax will become the latest of the major high street lenders to increase the interest rates for new borrowers on its tracker mortgages today, clawing itself back some lost profits after the strains of the credit crunch.
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Jeremy Warner's Outlook: Inflation limits Bank's scope for rate cuts
There are a number of messages to take from yesterday's Inflation Report and the Governor of the Bank of England's accompanying quarterly press conference. One is that if interest rates are cut as the markets expect over the next year all the way down to 4.5 per cent, inflation will remain stubbornly above target for the whole of the two-year forecasting period and beyond.
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FSA pursues 70 brokers in home loan fraud racket
More than 70 mortgage brokers face hefty fines as part of crackdown on fraud designed to rip off banks
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Stop 'bank-rolling' Labour call
Plaid Cymru launches a website calling on trade unionists to consider halting contributions to Labour.
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UBS posts first ever annual loss
SWISS banking giant UBS today said it had suffered a net loss of 4.4 billion Swiss francs ($4.47 billion) in 2007 after losing billions in the US mortgage crisis.
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UK might be on verge of recession, says King
The Bank of England governor, Mervyn King, admitted yesterday that the economy might grind to a halt this year - but warned that the continuing risk of inflation made further interest rate cuts unlikely.
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What credit crisis? City workers handed £7BILLION in bonuses - as Bank of England war
Better than expected City bonuses are set to give a huge boost to the London economy, just as the Bank of England warns that the UK could be facing a combination of stagnant house prices, a slowdown in growth and a rise in the cost of living
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Writedown clouds Commerzbank
Commerzbank reports a record profit in 2007 despite 774m euros of writedowns linked to the sub-prime mortgage crisis.
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The grass could be even greener for expats with offshore savings accounts
The New Year offered a helpful nudge to many people who had been thinking of moving abroad to star...
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