The British government looks likely to loan Ireland around seven billion pounds as part of a bailout deal for the debt-struck nation.
The Irish government has confirmed that it will receive a bailout from the European Union, following a week of speculation and pressure on the country.
The governor of the Irish Central Bank, Patrick Honohan, has become the first public official in the country to state that he expects a bailout to save the nation from bankruptcy.
Richard Lambert, the outgoing head of the Confederation of British Industry, is to be replaced by the CBI's deputy director general, John Cridland in the New Year.
Maybe because they were heading in that direction for the G20 Summit in Seoul, unusually, someone in the Government must have hit upon the bright idea of taking along a fairly large business delegation for a stopover in Beijing. With the G20 conference widely expected beforehand to dissolve into a G2 summit between the world's two largest economies, Britain and America - sorry, a hundred year slip - China and America. With the UK playing a somewhat marginal role at best, this was splendid f...
New plans being put forward by the European Commission on fishing quotas will inflict a "devastating blow" to Scotland's fishing industry, according to the Scottish Fishermen's Federation.
David Frost, the Director General of the British Chambers of Commerce, has said that he will quit his role at the organisation in 2011, after eight years in his current position.
A sharp recovery in the construction sector has led to stronger than expected GDP growth. Analysts had predicted growth of around 0.4 per cent, however today the Office for National Statistics has said that GDP growth actually reached 0.8 per cent in th third quarter.
The Confederation of British Industry has said that Britain faces increasing competition as a destination for business investment and has already fallen behind India and China in its attractiveness to investors.
The British Bankers Association has released new figures showing that the annual growth in bank's net mortgage lending reached 3.9 per cent in September, up from 1.0 per cent in August.
It always amazed me, even in the days of black-and-white television, that almost as soon as the Budget was announced, the BBC would be interviewing a poor soul who was about to suffer Dickensian poverty in its wake. Less usual after the present Government's Spending Review announced to Parliament by Chancellor of the Exchequer, George Osborne on Wednesday, 20 October 2010, was the media being quite so spoilt for victim choice.
The Coalition government's Comprehensive Spending Review, announced yesterday by the Chancellor of the Exchequer, George Osborne, has drawn a mixed reaction from business, unions and economists.
Shares in British banks were up on the FTSE 100 in morning trading, following the Comprehensive Spending Review outlined yesterday by Chancellor of the Exchequer George Osborne.
Today the Chancellor of the Exchequer, George Osborne, will be outlining £89 billion in government cuts in the Comprehensive Spending Review, following his Emergency Budget in June. Follow our coverage here to find out what's being cut and what's not.
Shares in British banks were mixed on the FTSE 100 in morning trading ahead of the Coalition government's Comprehensive Spending Review, the details of which are to be announced today.
The Coalition government is due to unveil its plan to wipe out Britain's structural deficit by 2014/15 in its Comprehensive Spending Review, due to be announced on Wednesday.
Some of Britain's top business leaders have called on Chancellor George Osborne to "press ahead" with plans to cut the deficit and has said that the private sector will be "more than capable" to create jobs in the wake of job cuts in the public sector.
On 14 October 2010, Arnold Schwarzenegger, the Governor of California and former "Terminator" actor, was photographed on the steps of No. 10 Downing Street meeting his friend and British Prime Minister, David Cameron. Mr Cameron joked with the gathered reporters that the Governor would help to "terminate the budget deficit", before the pair turned and walked back into No 10. There is little doubt that the deficits of both the UK and California would be amongst the topics the two po...
The Office of Fair Trading has welcomed the news from the Coalition government that it is to be merged with the Competition Commission.
London is expected to see the largest number of job losses as a result of government cuts, but Scotland, Wales, Northern Ireland and North-east England are likely to suffer more proportionally, a new report claims.
The Trades Union Congress has expressed concerns that unemployment figures, due out tomorrow, could show what it called a "new crisis" in youth unemployment.
House prices continued to fall in September due to a rise in the supply of housing, according to the Royal Institute of Chartered Surveyors.
Richard Lambert, the outgoing Director General of the Confederation of British Industry, has called for an end to "the dialogue of the deaf" between bankers, politicians and the public and has encouraged bankers to abstain from "toxic" bonuses at a time of public sector cuts.
With the Comprehensive Spending Review to be announced this month Chancellor George Osborne is set to tell the country what he the government will be spending taxpayer's money on, or perhaps more accurately, what the government will no longer be spending taxpayer's money on.
In a small corner of the Financial Times on Wednesday, 14 July 2010, Eamon Quinn reported that the Economic and Social Research Institute (ESRI), Ireland's leading economics think-tank, was urging the Irish Government to pursue a firm austerity budget. In order to maintain the confidence of the sovereign debt markets, the Government needed to cut the deficits "rather than loosening spending to boost economic growth". At about the same time in July, Dan Boyle, Chairman of the Green Par...
The Confederation of British Industry has called on the government to introduce new laws to reduce the frequency of strikes. The call comes as Londoners again face the inconvenience of Tube strike's launched by Bob Crow's RMT union and TSSA.
The Bank of England is due to make its monthly decision on interest rates next Thursday after the BoE's Monetary Policy Committee decided 8-1 to keep rates at 0.5 per cent last month.
Transport for London has said that it would be putting on extra bus and river services in order to dampen the effects of a 24 hour strike on the London Underground, being held from Sunday to Monday evening. Meanwhile unions have accused Boris Johnson of "playing to the gallery" before the Conservative Party Conference.
The Confederation of British Industry has expressed its concerns about the Coalition government's plans for a cap on immigration from non-EU countries, saying that it could undermine the ability of British businesses to operate in an international environment.
House prices increased by 0.1 per cent in September, according to the latest figures from the Nationwide house price survey.
