Economics / Markets

The Bank of England has made nearly £10bn in paper profits by buying UK government bonds as part of emergency efforts to pump money into the British economy.

Robert Prechter said on Tuesday he expects that as the U.S. economy sinks into a deflationary depression stocks will plunge.

The FTSE 100 is edging closer to 5,000 this afternoon as the US markets shared in today's global market rally upon opening.

The head of the UK's new fiscal watchdog will step down in the summer when his three-month contract expires, a spokesman for the Treasury said last night.

The British Chamber of Commerce (BCC) says the UK economy continued to grow in the second quarter of this year, but warns the country must not "kid" itself the recovery is secure.

LV= Asset Management's Graham Ashby examines the remuneration of the UK's top executives and why becoming a footballer might be a better option.

Confidence amongst UK finance chiefs has hit a one-year low on the back of austerity measures pushed through in the Budget and mounting fears of a slow-down in global growth.

The FTSE has opened trading in positive territory, but fears of a double-dip recession on the back of disappointing US and Chinese economic data still abound.

Europe - a great way to access emerging markets

The FTSE rose slightly in early trading to 4823.61, up 17.86 points (0.37%), after a late rally on Wall Street.