Economics / Markets

The UK economy is in "a very deep crisis" and it is difficult to predict when it will recover, according to Business secretary Vince Cable.

Consumer trust can "breed arrogance" within organisations, the leader of the Question of Trust campaign told delegates at the IFP conference yesterday.

UK growth may yet provide a positive surprise relative to developed market peers, according to analysts at Credit Suisse.

Most clients are uninterested in the "nuts and bolts" of investment decision-making and instead require a more tailored discussion around risk, according to consultant Tim Hale.

SCARY NUMBERS

Labour leader Ed Miliband has attacked the coalition government's decision to axe the 50p rate in his speech at the party's annual conference.

Businesses are predicting GDP will have grown by 0.5% in the third quarter of 2012, although leaders are still warning of stagnation.

The Institute of Financial Planning (IFP) has appointed its first paraplanner to the board of directors, in a move that it hopes will position it as the first trade body to represent the profession.

Privately owned wealth manager Truestone has acquired Argent UK and Argent Personal Financial Management Limited for £3.5m.

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