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Economy

The Monetary Policy Committee has cut the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.0.

March saw a modest rise in permanent staff appointments following February’s slight decline.

Industry experts will advise the Government on improvements to mortgage finance markets.

The Institute of Directors warns that UK GDP growth will fall to 1.7 per cent in 2008 and remain weak at 1.5 per cent in 2009.

A quarter point cut in interest rates is needed to help business and consumers, the CBI has said.

The British Airline Pilots’ Association has called for a change in how British Airways is managed.

A financial services recruitment firm has reported a further weakening in the UK banking sector.

Experian has reported the first increase in business failures for over 12 months.

Three days of strike action by more than 7,000 RMT station staff, signallers and drivers have been suspended by the Tube's biggest union.

The shield of Royal Arms is to feature on UK coins as part of the first new design in 40 years.

Pockets of high volume banking operations recruitment still exist within the City.

The UK housing market is due a major and likely painful adjustment, says Standard & Poor's.

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