Alistair Darling has admitted that the Treasury will have to pump more money into the economy to tackle the recession. His candid assessment came as doubts about his recovery plan intensified.
It will dismay those who hoped last week's £20billion giveaway would mark a turning point.
The Bank of England must slash interest rates to just 2 per cent this week, the lowest level since 1939, say economists. Two per cent would be the lowest level since the outbreak of the Second World War.
The Queen's Speech is being hastily rewritten to put fighting the economic crisis at the heart of Gordon Brown's last full programme before a General Election.
Homeowners struggling to cope with the financial downturn have been thrown a lifeline as one of Britain's leading banks promises to give six months' respite to those who fall behind with mortgage repayments.
The leader of Britain's biggest union demanded almost £100,000 compensation to move out of his grace-and-favour home, it was claimed yesterday.
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Labour has ordered the energy watchdog to investigate power firms which force their customers to pay for gas and electricity they have not used.
An NHS nurse has broken the £100,000 pay barrier for the first time as the drive to cut waiting lists brings lucrative rewards for senior staff.
A last-ditch bid to block the planned Lloyds TSB merger with HBOS has been launched. Merger Action Group is seeking a legal ruling that approval of the merger was unlawful.
Cabinet Ministers are facing criticism over the extent to which they have protected themselves from new tax rises for the rich.
Employers are calling for a full percentage point cut to interest rates when the Bank of England's Monetary Policy Committee meets later this week. A 'significant and sustained' downturn in the economy has prompted the call from manufacturers, while struggling small businesses say that Chancellor Alistair Darling's Pre-Budget stimulus package does not go far enough. ...read
The Pre-Budget Report was billed as a fiscal stimulus to pull our economy back from the brink but I find myself questioning whether it will be enough. The detail behind the headlines has now been digested by business and while there were some good measures in there, the conclusion is the government could and should have done more to help.
The vultures are lining up to pick at the remains of struggling retailers hit by the dramatic downturn in consumer spending.
The big three of Detroit - Ford, General Motors and Chrysler - are on their knees, but Tom Purves's luxury brand is walking tall. Offering only limited numbers of cars with on-the-road prices starting at £269,500, Rolls-Royce is defying the recession in ways volume producers can only dream about.
Energy Minister Mike O'Brien has pledged to stop power companies raiding customers' accounts to charge for gas and electricity they have not used.
It was uncomfortably hot on the tarmac of the Grantley Adams International Airport in Barbados as JJB Sports chief executive Chris Ronnie stepped off the plane to meet an old acquaintance.
ITV is set to cut its £1billion a year programming budget in a move that could affect chairman Michael Grade's recovery strategy for the commercial broadcaster.
Menswear supplier Simon Berwin, who bought Sir Philip Green's stake in Moss Bros on Friday, has slammed the actions of bankers at Kaupthing Luxembourg, who he said almost ended his plans to acquire the 28 per cent stake
The City regulator has bowed to pressure from Financial Mail and changed its rules to ensure that savers with merging building societies are not left without crucial protection.
The UK's biggest regional airline, Flybe, is in talks about acquiring bmibaby and bmi regional, both part of British Midland, where Germany's Lufthansa is taking majority control.
The Government is fast-tracking its Banking Bill through Parliament and seeking sweeping additional powers to nationalise investment banks and asset managers in a clear signal that officials believe the financial crisis is far from over.
It was hailed as a £20billion rescue package to help pensioners and the poor and pull the economy out of recession. But Alistair Darling's mini-Budget came with a sting in the tail. Financial Mail examines the impact of the Chancellor's decisions ...read
Measures announced in the Pre-Budget Report to help small firms survive the recession have been given a mixed response by business organisations.
Half of all parents have been persuaded by the credit crunch to teach their offspring how to budget, according to a new survey.
Not long ago banks offered reasonably priced mortgages to almost everyone, even those borrowers whose credit records were imperfect. Not any more.
Many middle and higher-income workers received a shock last week as a result of Alistair Darling's announcement of a half-point rise in National Insurance contributions from April 2011.
Older people were left underwhelmed by the Chancellor's package for pensioners.
The late Goon would have found plenty to laugh about at the biggest ever sale of his mementos, which fetched more than £74,000 last week.
Every week, Tony Hetherington replies to readers' letters, adding comments, advice and the results of his enquiries. This week, a case of shares mis-selling and the mystery of a disappearing bond
Rising redundancies are being matched by soaring sickness levels as workers succumb to increased stress. Yet at the same time fears over job security are also prompting some staff to work when they are ill.
Part of the Daily Mail, The Mail on Sunday, Evening Standard & Metro Media Group
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