Economics / Markets

Billionaire investor George Soros, the man who broke the Bank of England, says the financial crisis has "just entered Act II" as Europe's fiscal woes worsen.

BP shares continued to fall both sides of the Atlantic on Monday after the oil giant said the cost of the Gulf of Mexico spill had risen to £1bn and US President Barack Obama compared the environmental disaster to the 9/11 terrorist attacks.

The newly-formed Office for Budget Responsibility (OBR) has downgraded the UK's economic growth projections for next year.

People should be able to access pensions before retirement, says the Centre for Policy Studies, as part of a raft of proposals to reform the UK savings system.

The FTSE 100 was up 0.74%, or 38.31 points, at 5201.99 in early trading, with mining stocks the biggest winners.

The Government is likely to make its new tax regime effective immediately after Budget Day, warns PricewaterhouseCoopers (PwC).

UK manufacturing performance took an unexpected knock in April according to official data, adding to fears Britain's economic recovery is much weaker than previously thought.

The Dow Jones posted triple-digit gains in early trading on Thursday after positive economic data at home and abroad boosted sentiment.

Japanese, Euroland and UK shares should not be regarded as long term real asset holdings capable of paying pensions, charitable wage bills or meeting family needs in the future, warns the senior Tory.

The Bank of England's Monetary Policy Committee (MPC) today held interest rates at their historic low of 0.5%.