Economics / Markets

Life settlements fund EEA has generated nearly £40m in revenues in the last two months, despite its suspension following "unprecedented" redemption requests.

Greece will receive emergency funding of €130bn after a second bailout of the stricken nation was agreed.

The FTSE 100 raced to its highest level in seven months this morning as mounting optimism over a successful Greek deal lifted sentiment.

Shadow Chancellor Ed Balls has called for a series of tax cuts in next month's Budget which he says are needed to boost the UK economy.

It is far more likely the UK will retain its prized triple-A status than be downgraded, according to the bookies which seem unperturbed by the recent ratings agency threat.

Three of the country's largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.

The eurozone crisis presents the biggest challenge to the UK economy which will likely follow a "zig zag" pattern of uncertain growth, said the governor of the Bank of England yesterday.

Greek finance minister Evangelos Venizelos accused European leaders of "playing with fire" by trying to oust the beleaguered country from the eurozone amid fears they want to delay releasing the €130bn (£108bn) bail-out until after Greek elections in...

The Bank of England has raised its inflation forecast for two years' time to around 1.8%, more than some economists had predicted.

The UK's prized triple-A credit rating was under threat last night after US ratings agency Moody's put it on negative outlook, citing pressures from the eurozone.