Economics / Markets

Capital Economics has predicted the UK's base rate could be cut imminently after the latest minutes from the Monetary Policy Committee (MPC) showed members were considering further stimulus measures.

Consumer body Which? has called for ‘desperately needed' reforms of the banking sector following research indicating widespread lack of trust among consumers.

Some British pensioners, as well as investors in index-linked gilts, face lower returns if proposals to align the retail prices index (RPI) measure of inflation with the consumer prices index (CPI) are approved.

The former UBS trader accused of losing the bank more than $2bn in unauthorised trades owed money to eight payday loan firms when he was arrested last year, a court heard yesterday.

Investors are being forced to take on more risk as inflation continues to stay above the Bank of England's 2% target, experts said.

The UK's main inflation rate fell back towards the 2% target in August after reversing a surprise jump the previous month.

The Treasury was too slow in nationalising Northern Rock during the height of the financial crisis, one of its top civil servants has said.

A law firm considering taking action against administrator Grant Thornton on behalf of former Honister Capital advisers has decided not to pursue the case.

POST-LEHMANS

A Greek exit from the single currency would be a "catastrophe", the country's prime minister reiterated over the weekend.