Costly living could kill Europe's consumer revival

After a few years of brisk growth and job creation, Europeans were supposed to feel more secure and start to spend more, reviving consumer demand in the region and reducing its economic dependence on exports.

Politics or prudence- Brown faces dilemma

Prime Minister Gordon Brown insisted on Thursday he would not break the fiscal rules he has followed since 1997, but his backing for a package of tax cuts this week leaves him sailing very close to th... (3:49 AM GMT)

Banks may swap up to 90 billion pound mortgage assets

Banks are set to swap between 80 billion and 90 billion pounds of mortgage-backed assets for Treasury bills, nearly twice the base level set by the Bank of England last month, the Financial Times repo... (3:49 AM GMT)

Brown to reveal housing market plan

Prime Minister Gordon Brown will set out plans on Wednesday to shore up the creaking housing market as part of a drive to reverse a slide in support for his government. (May 15, 2008 2:57AM)

Europe sails into its own credit crunch

Europe is next in line to feel the impact from tighter credit, a tough situation for an economy heavily dependent on bank financing. (May 15, 2008 2:57AM)

Retail sales fall for second month in April

Retail sales values fell for a second consecutive month in April, a survey showed on Tuesday, suggesting tighter credit conditions and rising household bills are forcing consumers to tighten their bel... (May 14, 2008 3:34AM)

CPI inflation at 3%

The Office for National Statistics (ONS) released figures on Tuesday showing that Consumer Price Index (CPI) inflation reached 3 per cent on a yearly basis in April. The figure is up from 2.5 per cent... (May 14, 2008 2:57AM)