Watchdog warns that eurozone meltdown would trigger UK recession
A Treasury watchdog has warned that it is in the best interests of Britain to see the eurozone survive, as a collapse would prompt a new credit crisis in the UK. Steve Nickell, a representative from the Office for Budget Responsibility, issued the warning to the Treasury Select Committee...
More job cuts from cash strapped retailers
A further group of employees working in the retail sector are anxiously waiting as two major stores announce more job losses. Both the food division of Co-op and entertainment chain, Comet, are said to be ready to shut branches and axe jobs. Comet has been in financial trouble for...
Inflation tumbles to 15 month low
The latest figures have revealed that inflation has continued to drop and has now reached the lowest level seen since November 2010. The Office for National Statistics has reported that the consumer prices index has now reached 3.4%, down from 3.6% the month before. The other measure of inflation...
