Smash Hit

Brace yourselves for Credit Crunch II . . .

... it’s coming, and it is the fault of America's private equity firms, says Josh Kosman, author of an alarming book

Flawed theory has brought disastrous results

Financial workers are a danger — they shape the debate about capitalism and reform but ignore economic theory

Tories plan a voice for business in Europe

Shadow Chancellor George Osborne hints at how the Treasury will operate if the Conservatives win the forthcoming election

Outlook for jobs grim ‘for several years’

Labour Market Outlook report predicts unemployment will continue to be hit even with the return of robust economic growth

Bank says it is hard to measure QE’s success

In the latest briefing for Target Two Point Zero, the Bank of England’s competition, the focus is on quantitative easing

Miserable Brits? Don’t believe it!

Happiness surveys can be plain wrong

Brown in row over tax
on transactions

The PM has thrown his weight behind a 'Tobin tax' on financial transactions as a way of taxing and reining in the banks

Brown and US in G20 clash over new tax on banks

UK and US on collision course over plan to make banks share pain of failure as G20 agrees to keep supporting fragile recovery

Brown sparks fresh row over 'Tobin tax' for banks

All banks could share crisis pain as Gordon Brown stuns G20 with backing for tax on financial deals around the globe

US unemployment highest for 26 years

The data is being watched closely as economists ponder whether America can sustain recovery without government stimuli

Gold hits high as investors seek out safe haven

The metal became the investment of choice as concern mounted about the global economy after a rise in US unemployment

Bailouts will push public debt to 160% of GDP

The ONS has confirmed that the liabilities of RBS and Lloyds would probably add £1,500 billion to the country’s debt

Mandelson demands innovation from Europe

The Business Secretary called for the European Commission to take a more proactive role in funding industry and innovation

Bankruptcies soar to highest since Sixties

Rise in insolvencies in England and Wales is fuelled by increase in debt relief orders, streamlined bankruptcy for poorest

Mandelson is the push UK industrial policy needs

In a speech to Bruegel, a Brussels think-tank, he talked about an “activist government” that would invest in innovation

Darling to warn G20 against complacency

Britain and the United States are set to unite at the meeting around the theme that the global stimulus must continue

Chancellor says world must keep spending

Speaking ahead of the G20 meeting in St Andrews Alistair Darling warns countries not to be 'complacent' about recovery