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UK enters recession as economy shrinks 1.5%

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UK enters recession as economy shrinks 1.5% - The British economy was officially declared to be in recession today as Gordon Brown admitted he had failed to foresee the financial crisis



UK enters recession as economy shrinks 1.5%  [01/23/2009 01:17 PM]
The British economy was officially declared to be in recession today as Gordon Brown admitted he had failed to foresee the financial crisis
Britain avoids credit rating humiliation  [01/23/2009 01:17 PM]
The influential Moody's agency said today it did not think it would be downgrading its guidance on the UK's credit rating
Stock market report: Friday latest  [01/23/2009 01:17 PM]
11.15:Wolseley and a gaggle of other heavyweight companies were hit hard by suggestions they will turn to the markets for fresh money
Treasury 'hiding' true bailout cost, say MPs  [01/23/2009 01:17 PM]
Chancellor Alistair Darling should come clean over the true cost to the taxpayer of the Government's multi-billion-pound bank bail-out schemes, MPs said today
Middle classes join home counties dole queue  [01/23/2009 01:17 PM]
Dole queues have doubled in a year in 12 commuter areas as the recession bites in the South-east
Quarter of final salary schemes to close  [01/23/2009 01:17 PM]
One in four gold-plated pension schemes will close their doors to existing workers in the next five years, a report has revealed
Tory donors profited on Barclays fall  [01/23/2009 01:17 PM]
Partners at a hedge fund which made about £12m betting on a fall in the Barclays share price have donated more than £300,000 to the Conservatives
Fear bailout lets banks off too easily  [01/23/2009 01:17 PM]
The Government came under increased pressure over its bank bail out as it emerged Britain could let banks off more lightly than the White House did with Wall Street firms
CBI warns of 'even darker' days ahead  [01/23/2009 01:17 PM]
Production lines will fall silent and tens of thousands of jobs will be lost as manufacturing enters a sustained slump, according to the CBI
Morrisons beats rivals with 8.2% sales jump  [01/23/2009 01:17 PM]
WM Morrison has emerging as the best performing supermarket chain over Christmas thanks to soaring sales of organic and value produce
Cameron: Money 'could run out very soon'  [01/23/2009 01:17 PM]
David Cameron yesterday warned Britain faces a real risk of needing a humiliating 1970s-style bail-out from the International Monetary Fund
Train firms 'facing financial difficulties'  [01/23/2009 01:17 PM]
Some of Britain's rail firms are facing financial difficulties because of the economic downturn, a senior civil servant has warned
British Gas price cuts 'still not enough'  [01/23/2009 01:17 PM]
British Gas slashed its bills by 10% yesterday, but it was not enough to stop calls for an inquiry into 'painful' energy prices
Home repossessions soar 92% in a year  [01/23/2009 01:17 PM]
The number of people who lost their homes nearly doubled during the third quarter of last year, the City watchdog said today
Microsoft slashes 5,000 jobs worldwide  [01/23/2009 01:17 PM]
Microsoft has finally outlined the vast scale of its redundancy programme as it declared 5,000 jobs would go worldwide
Accounts fiction that landed us in it  [01/23/2009 01:17 PM]
Cuts that ignite deflation fear  [01/23/2009 01:17 PM]
The era of deflation could soon be upon us. British Gas has led the way in bringing down utility bills, with a 10% cut in gas prices
The scaremongers selling us short  [01/23/2009 01:17 PM]
The trouble with bosses today  [01/23/2009 01:17 PM]
Midas share tips: Cadbury and Young's  [01/23/2009 01:17 PM]