Recession

The UK economy contracted by 0.2% in the first quarter of the year, meaning it has slipped back into technical recession, preliminary estimates from the Office for National Statistics (ONS) show.

The number of people earning more than £100,000 per year who use financial advisers has halved since 2008, according to AT Kearney.

Former RBS chief executive Sir Fred Goodwin has had his knighthood cancelled and annulled by the Queen.

The UK is already back in recession and will not see any interest rate rises until at least 2016, according to the Centre for Economics and Business Research (CEBR).

Economic growth in the UK will be subdued and output will fail to reach 2008 levels until 2013, according to the National Institute for Economic and Social Research (NIESR).

The UK's faltering economy could fall back into recession but government action is likely to help avoid another downturn, according to business secretary Vince Cable.

Morgan Stanley has warned the global economy is on the brink of recession as the US investment bank slashed its growth forecasts.

Nick Platt, director at Henwood Court Financial Planning, says now is the time to remind clients of the five lessons underpinning a successful investment strategy.

A chorus of global banks has warned that Washington risks triggering a global slump and may suffer permanent loss of credibility by flirting with default on America's $14.3trn (£8.8trn) federal debt.

As the UK slowly emerges from recession, Joanna Faith finds out whether small caps are fair game once more...