Inflation soars to new high...

February 15, 2011

Inflation surged to 4 per cent in January – the highest rate for over two years, and double the Bank of England’s 2 per cent target. New data showed that the rate had increased from Decemb...

Iceland Looks To Repay Briti...

February 15, 2011

Iceland’s parliament voted today in favour of a new deal to repay $5bn (£3.1bn) to Britain and the Netherlands for debts incurred from the island’s banking crash. The deal could pave...

Workers slave for 196 days j...

February 14, 2011

British workers have to until July 15 this year just to pay off interest on their unsecured loan and credit card finance plus taxes. That means they spend more than half the year working for the benef...

Cable slams offensive bank b...

February 14, 2011

The big UK banks need an overhaul to put a stop to the excesses of the current bonus culture,according to Business Secretary Vince Cable. Last week the government sealed a deal with the largest Britis...