Economics / Markets

WHY SO CAUTIOUS?

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise.

US FOCUS

US SPECIAL

Workers approaching retirement could be hit by significantly weaker annuity rates as the eurozone's economy enters a technical recession, an adviser group has warned.

Prime Minister David Cameron has been accused of revealing that tomorrow's GDP figure will meet positive expectations, in an apparent slip-up that could have breached the embargo on the official data.

Brewin Dolphin has announced that David McCorkell, head of investment management, is to retire from the company.

Investors across Europe and the US are in flight-mode this afternoon, with US markets opening sharply lower as the weak corporate earnings season continues to plague sentiment.

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

Consumers will go on spending more money on non-essentials if inflation continues to drop, a senior economist has said.