Economics / Markets

UK bank shares have jumped following last night's announcement of a £100bn stimulus package for the UK economy.

The Bank of England (BoE) is to launch new stimulus packages in a bid to get the economy moving again.

The government has confirmed its plans to force banks to ring-fence their retail operations, as well as other measures recommended by the Independent Commission on Banking (ICB).

Spanish government bond yields have shot through the danger level of 7% as fears grow its debt could soon be rated as junk.

Alistair Darling has refuted claims the lastgovernment rejected advice which could have prevented the run on Northern Rock.

Savers in UK banks will be given greater protection under measures to be announced by the Chancellor later today.

The UK narrowly escaped a double-dip recession by posting slight growth in the second quarter of the year, according to the latest monthly GDP estimate from NIESR.

The average pay for FTSE 100 chief executives rose 10% in the past year to £4.8m, according to research.

The Office for National Statistics has proposed a new inflation measure to replace the Consumer Prices Index (CPI) which would include housing costs in the calculation.

Europe's major markets climbed on the first day of trading after Spain was granted a €100bn bailout for its banking sector.