Economics

UK consumer confidence took a dramatic hit in March, according to Nationwide.

The cost of borrowing in Greece's rescue package is too high and the country still risks falling into a "debt spiral", says George Soros.

A sudden sell-off in Greek sovereign bonds yesterday has pushed up the cost of borrowing for the embattled state to record levels, casting doubts on its ability to refinance up to €15bn of debt over the next two months, reports The Times.

The financial crisis has cost the British economy up to £7.4trn in lost output, according to the Bank of England.

The first televised election debate kicks off on Channel 4 tonight, with a predictable focus on the state of the economy.

Alistair Darling used Labour's last Budget before the election to carry out a £19bn tax raid on the middle classes to help pay Britain's record debt.

The City regulator has warned the cost of bailing out the banking sector could be as much as £140bn - far higher than Treasury forecasts.

Savers with money in Northern Rock will lose the government's 100% guarantee on their deposits in three months' time.

Sterling fell sharply today after Bank of England Governor Mervyn King labeled the UK economic recovery "fragile".

The chief executive of part-nationalised bank Lloyds Banking Group has decided to forgo his bonus for 2009 amid the public backlash against bonuses.