world economy
Growing number of workers come out in support of hospitality strikes on 4 October
The BFAWU to ballot Wetherspoons workers at two pubs in Brighton.
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Banks failed to take action to avert the developing credit crunch in part because they ignored warnings from regulators, MPs have said. The system by which regulators – including the Bank of England and Financial Service Authority (FSA) – warn lenders of impending financial turmoil is “deficient” and must be strengthened to banks pay proper… Read more »
The chancellor has warned the economy is facing its biggest test for ten years. But Alistair Darling called for confidence in the UK economy, insisting it was well-placed to weather the global economic downturn. In a speech to the Euromoney Bond Congress in London, Mr Darling acknowledged growing concerns of a US recession and admitted… Read more »