3 h. ago Greater Manchester's NHS facing 'difficult decisions' over which health services to cut to stop £300m financial crisis

EXCLUSIVE: Greater Manchester health chiefs told today's board meeting that they were not forewarned of some spending cuts being asked for by the NHS for the next financial year until recent weeks

Economics

4 d. ago Stagflation fears rise as firms slash jobs thanks to Reeves Budget debacle

In yet another blow to the Chancellor, a damning report showed firms are now slashing jobs at the fastest pace since the financial crisis - excluding the pandemic - as they brace for tax hikes in April.

Economics

5 d. ago Willingness to ease off ‘debt brake’ may decide the German election

Rule dating from 2009 that limits borrowing looks vulnerable as main political parties promise to revive stalled economyGermany is used to running its economy with the brake on. Ever since the 2008 financial crisis Berlin has sought to burnish a reputation as the world capital of fiscal discipline, with a near-pious aversion to debt and pride in strong government finances.Under a rule known as the “debt brake” – introduced in 2009 by Angela Merkel to show Germany was committed to balancing the books after the banking crash – the federal government is required to limit annual borrowing to 0.35% of GDP. Continue reading...

Politics

5 d. ago Four banks fined £100m after traders shared sensitive information in chat rooms

The Competition and Markets Authority said the traders were in one-to-one chat rooms and discussing trades in UK Government gilts in the years following the financial crisis

Economics

5 d. ago Banks fined £100m after traders shared sensitive information in chat rooms

For four years after the financial crisis bank staff were sharing information about the Government debt they were buying and selling, regulators said.

Economics

6 d. ago Avram Glazer just reminded Manchester United fans of their biggest enemy

Avram Glazer has once again insisted his family have no intention of relinquishing control of Man Utd despite plunging the club into a financial crisis.

Sport

7 d. ago "Public money should not be used" as Welsh universities face biggest financial crisis yet

The financial news from universities in Wales is dire as institutions across the UK face a reckoning

Economics

8 d. ago There are many ways Trump could trigger a global collapse. Here’s how to survive if that happens | George Monbiot

It could be wildfires, a pandemic or a financial crisis. The super-rich will flee to their bunkers – the rest of us will have to fend for ourselvesThough we might find it hard to imagine, we cannot now rule it out: the possibility of systemic collapse in the United States. The degradation of federal government by Donald Trump and Elon Musk could trigger a series of converging and compounding crises, leading to social, financial and industrial failure.There are several possible mechanisms. Let’s start with an obvious one: their assault on financial regulation. Trump’s appointee to the US Consumer Financial Protection Bureau (CFPB), Russell Vought, has suspended all the agency’s activity, slashed its budget and could be pursuing Musk’s ambition to “delete” the bureau. The CFPB was established by Congress after the 2008 financial crisis, to protect people from the predatory activity that helped trigger the crash. The signal to the financial sector could not be clearer: “Fill your boots...

Politics