Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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Cyprus Bailout: MPs Stumble Towards Deal

Cyprus Bailout: Threat To Savings Updated: 1:42am UK, Saturday 23 March 2013 By Ashish Joshi, Sky News Correspondent Finally late into Friday night - into to an agreement on Plan B, meaning Cyprus has moved one giant step towards securing a Brussels...

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Retail Sales Rebound In February

Strong demand for tablets has helped retail sales increase by more than expected in February. Excluding fuel, they rebounded by 1.9% when compared to January, and by 3.3% on the year, according to the Office for National Statistics (ONS). The jump...

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Cyprus Bank Limits Cash Withdrawals Amid Crisis

Russian Money Talks In Cyprus Bailout Updated: 12:52pm UK, Thursday 21 March 2013 By Tim Marshall, Foreign Affairs Editor Even allowing for inflation, 10 billion euros can still buy you quite a lot these days. For example, if you were Russia,...

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Budget: 2013 Growth Forecast Is Cut In Half

George Osborne has unveiled tax breaks for beer drinkers, drivers and first time buyers as he admitted the economy is still struggling. The Chancellor's Budget contained a string of moves designed to ease the cost-of-living, including a 1p cut in the...

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YouTube Reaches Billion Viewers A Month Target

YouTube has announced more than one billion people are now visiting its online video site each month. The milestone marks another step in YouTube's evolution from a quirky start-up launched in 2005 to one of the most influential forces in today's media...

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Hinkley Point Nuclear Plant Given Go-Ahead

The building of a new nuclear plant at Hinkley Point in Somerset has moved a step closer after Energy Secretary Ed Davey granted the scheme planning permission. The proposed development of Hinkley Point C by French energy company EDF is a boost for...

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Budget: Osborne's Hopes Of Rescuing Economy

By Jon Craig, Chief Political Correspondent George Osborne will today unveil a Budget with the twin aims of attempting to rescue both the British economy and the political fortunes of the Conservative Party. The Chancellor will announce a raft...

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Cyprus Urged To Protect Savings Under 100k

Eurozone finance ministers have urged Cyprus to protect savers with less than 100,000 euros (£86,000) in their accounts from a proposed tax on bank deposits. Under a bailout deal agreed with the EU, Cyprus planned to impose a levy of 6.7% on all savings...

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Nuisance Phone Calls: Which? Demands Action

Campaigners have demanded "tougher regulation" to clamp down on companies who plague people with unwanted phone calls and nuisance text messages. Consumer group Which? found seven out of 10 consumers had been cold-called in the last three months, while...

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Lloyds Paid 30 Staff £1m Last Year

By Mark Kleinman, City Editor The state-backed lender Lloyds Banking Group paid dozens of staff more than a million pounds last year, taking the number of UK-based bankers earning seven-figure sums to more than 750. I understand that Lloyds will...

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Cyprus Bailout: Savings Tax Could Be Cut

Officials in Cyprus are reportedly trying to renegotiate a eurozone bailout deal in order to soften the impact of a levy on smaller savers. Authorities had planned a 6.7% tax on deposits under 100,000 euros (£85,454), triggering queues at cash machines...

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Cyprus Bailout: Savers Lose Money In EU Deal

Cyprus Savings Raid Crosses Rubicon Updated: 4:04pm UK, Saturday 16 March 2013 By Ed Conway, Economics Editor Back in 1941, with the memory of the Great Depression still weighing heavy, an American wrote into the Federal Reserve with an idea....

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Chancellor Warns Of 'More Tough Choices'

George Osborne has warned the country of "more tough choices" and says there are no "miracle cures" for the UK economy, as he prepares to deliver Wednesday's Budget. The Chancellor is under mounting pressure to change course and kick start growth as...

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