Papers

Additional rises in crude oil prices have finally prompted an official response from the world's central bankers fearful of real danger to the global economy.

News that central bankers across the EU are considering rate cuts has raised expectations of a broader shift in monetary policy, reports the FT today.

Homeowners are spending a fifth of their takehome pay every month, according to figures published by provider Woolwich, reports The Daily Telegraph.

Standard Life got a shot in the arm with an upgrade by Moody's Investor Service to ‘stable' from ‘negative' on the basis the downside of demutualization is more limited than previously thought, The Scotsman reports.

Ripples from the Rover collapse have hit the accountancy profession, with news that the role of Deloitte & Touche is likely to be investigated by the Financial Reporting Council (FRC) , reports The Times.

Migration from new EU member states in Eastern Europe has helped limit inflation in the UK over the past year, according to comments from Bank of England governor Mervyn King.

Dutch rejection of the EU constitution tops the headlines, of course, but is followed up by a piece in The Daily Telegraph suggesting the euro is now under threat.

A row has broken out over comments attributed to the head of IT at the newly combined Inland Revenue and Customs & Excise, which suggest about a third of Revenue letters are returned because of incorrect address details.

Barclays has become the first bank since the 1990s recession to warn of growth in bad debt, after increasing provisions against its Barclaycard business, reports The Daily Telegraph.

Arguments are growing louder as to the precise direction of the UK and eurozone interest rates following publication of new economic growth figures and the European Central Bank's decision to maintain a tough line on inflation.