Economics

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.

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, reports The Telegraph.

BRITAIN'S top financial watchdog has warned the cost of bailing out the banking sector could be as much as £140bn - far higher than Treasury forecasts, reports the Daily Mail.

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

THE EUROPEAN UNION has stripped Greece of its vote at a crucial meeting next month - the worst humiliation ever suffered by an EU member state, reports The Telegraph.

GERMANY has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region's economic crisis has turned dangerous and could prove "fatal" for the entire eurozone, reports...

The UK economy has exited its longest recession since records began, with GDP growth of 0.1% in the final quarter of 2009.

Last week's news that the Chinese economy continued to power through the global economic crisis, with growth of 10.7%, adds weight to those who argue for a greater weighting to the country and emerging markets in general.