Shane Croucher

RBS researchers say that the economic boost from holding London 2012 is at risk of being disappointing and not off-setting the second quarter's 0.7 percent contraction.

Growth in Britain's vast service sector slows, pointing to extension of recession into third quarter.

Bank of England rate-setters on the monetary policy committee have held the rate and quantitative easing target as they await the impact of recent actions such as credit easing.

Private industry data shows the crippled UK construction sector returning to marginal growth in July, though it is no strong sign that the economy is recovering from recession.

Private industry data shows UK manufacturing collapsing to a worse-than-expected contraction in July in a concerning start to the third quarter for the economy.

Nationwide reported that UK house prices have fallen by 2.6 percent across the year as they fall again in July.

British Retail Consortium data shows the rising price of food for Britons eased in July, though warns that impending commodity price increases could end the relief.

Despite the deepening UK recession, Bank of England rate-setters are unlikely to loosen their monetary policy further by slashing the base rate at their upcoming meeting.

Bank of England data shows worse-than-expected mortgage approval data for June, as a glum economic picture and high deposit requirements weigh heavily.

Goldman Sachs, the investment bank, said that post-Games reality often fails to meet economic expectations - like in Sydney 2000 and Beijing 2008.

Businesses are being urged to make the most of the boost London 2012 could bring, and Forman's, the world's oldest salmon smoker has 'brought the Riviera to London,' in its unique bid to cash in.

Black cab drivers and chauffeurs among casualties of London 2012's Olympic Route Network, IBTimes reveals.

Beijing recovering from worst flooding in 60 years but weather forecasts predict much more rain to come.

London Olympics 2012 showcase Emirates Air Line cable car grinds to halt as countdown for opening ceremony moves into top gear.

The prime minister is in a bind. His chancellor has brought the government nothing but bad headlines over the recession-mired UK economy, but he will struggle to sack him - and here's why.

Britain is in the worst double-dip recession for 50 years as dreadful GDP figures reveal the true state of the UK economy. Here's what the analysts and economists had to say.

Economists think UK recession will extend into third quarter when ONS publishes preliminary second-quarter GDP estimate.

London 2012's opening ceremony takes place on 27 July, but as the Olympic Games start so does counting the cost. IBTimes UK looks at how the cost to taxpayers has bloated by billions.

Consumers are touted by the government and others as those to lead the UK economy out of recession in the second half of 2012, but IBTimes UK explores the data and questions this assumption.

UK public debt is now at its highest rate against GDP in over forty years, as the double-dip recession takes its toll on the economy.

Eighteen investors in News Corporation have co-signed a letter calling for scandal-mired Rupert Murdoch to stand down as chairman and be replaced by an "independent" successor.

A slight month-on-month rise in UK retails sales volume shows that not even heavy discounting can attract moribund consumers into the shops.

Under the UK Guarantees scheme major infrastructure projects struggling to find finance will be underwritten by the government, Chancellor George Osborne said.

Bank of England's monetary policy committee ignores calls from IMF and will not cut rate for months to see if policies working.

Miserable weather across the UK has cast a dark cloud over the struggling retail sector and could upset consumer-led economic growth in the second half of the year.

UK inflation has fallen to its lowest reading since November 2009, loosening its grip on consumers' hard pressed finances.

Chancellor desperate to restore reputation and drag Britain out of recession orders big push from rail investment to Bank of England stimulus.

Ernst & Young's ITEM Club economic outlook report says falling UK inflation will lead to consumer spending boost and return to economic growth in second half of 2012.

London 2012 will not provide a long-term boost to the UK economy, according to a Reuters poll of economists, as the country searches for a way out of recession and towards a recovery.