CBI calls for cuts in spending to reduce borrowing
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GORDON BROWN faces a new warning today that he will have to raise taxes by Â£7 billion or cut swaths of government spending if Labour wins next yearâs general election.
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The Federal Reserve Chairman Friday urged the federal government to reduce its budget deficit and to encourage greater personal saving.
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The government's research on climate change is threatened by spending cuts that will reduce scientists' observations from space and on the ground, a report by the National Research Council concluded yesterday.
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Business & money: Growth will slow markedly next year and is unlikely to see a recovery until after 2009, the CBI warns
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Gordon Brown may miss his golden rule on public borrowing because of a shortfall in corporate tax revenues, a new study says.
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British Broadcasting Corp., the world&#39;s largest public broadcasting company, announced plans yesterday for some of the biggest budget cuts in
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Mortgage lending slows to its lowest level in a year in August, but credit card spending continues to boom, Bank of England figures show.
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The head of the CBI says the system designed to ensure financial stability has tarnished the UK's reputation.
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Homeowners have had to cut spending on holidays and other luxuries because of the rise in interest rates., research suggests.
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The Bank of England should leave interest rates on hold until next year to give consumers a breathing space in the run-up to the crucial Christmas trading period, the CBI said yesterday.
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Business at the UK's financial services firms is falling at its fastest rate in almost 17 years, warns the CBI.
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Welcome to the dawn of a new credit  cycle, with tighter bank lending, rising costs for riskier  borrowers and a slowing economy.
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The Bank of England looks set to cut UK interest rates amid signs of a slowing economy, analysts say.
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China will selectively reduce spending to help trim its ballooning fiscal deficit, state media reported Monday, citing top economic officials.
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If Gordon Brown becomes PM, he could face a tough time with sharp decreases in public spending, a think tank argues.
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The Bank of England is set to offer lenders an extra Â£10bn in funds to limit the impact of a credit crunch.
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The Bank of England's Monetary Policy Committee looks set to cut interest rates, analysts say.