Northern Rock

Polly Toynbee: A chance to do the right thing, without cheap bribes

Slump, the forbidden word, is now used by the Nobel prize winner Paul Krugman. This week's economic metaphors look down the barrel of a gun at a tsunami thundering in with Britain flatlining on life support. Every day this week...

In a Suicide, Crisis and Life Cross

Friends and business associates say Kirk Stephenson, a London investment-fund executive who committed suicide in late September, was a casualty of the global financial crisis, his pressures culminating with Lehman's failure.

PETER OBORNE: Have the Tories the guts to be the voice of financial sanity?

Almost three decades have passed since the British economy last faced a crisis remotely approaching the scale of the one that threatens us today. In the early 1980s, just as today, unemployment was rising towards the three...

Bankers face brunt in a week of job culls

Nick Goodway, Evening Standard Two giant banks - Citigroup and Royal Bank of Scotland - are poised to axe 13,000 jobs as the credit crisis deepens. The Wall Street and Canary Wharf-based bank has lost more than $20bn in the...

Minister warns job centres must prepare for £75,000-a-year bankers amid City bloodbath

Job centres must be ready to help £75,000-a-year bankers find work, Employment Minister Tony McNulty has warned. Job losses in Britain also hit 20,000 this week alone after banks Royal Bank of Scotland and Citigroup announced...

Wives cheer as bigamist Roderick Sangster is found guilty

A former clergyman who targeted women who were financially stable but vulnerable was urged to give himself up last night after being found guilty of bigamy. Roderick Sangster, 58, who is also a former policeman, was told to...

National Readership Survey: Financial woe gives quality dailies a lift

The credit crunch and resulting economic downturn led to most daily quality national newspapers gaining readers over the past year, the latest National Readership Survey has found.Readership of the Financial Times, the Guardian...

John Redwood: Despite unfair criticism, George Osborne has consistently made the right calls

I have to admire Peter Mandelson's skills in the black arts of media persuasion. No sooner is he back than the shadow chancellor is under pressure for attending a party on a yacht that Mandelson also enjoyed. While everyone...

Mutuals demand deposit protection overhaul

Britain's building societies are demanding the Government overhaul the terms of the deposit protection scheme, arguing that the mutual sector is having to subsidise the banks. Banks and building societies are covering roughly...

Mandate to protect taxpayers' investment

13-Nov-2008

By Philip Hampton and John Kingman Exceptional circumstances can throw up exceptional requirements. Even a few months ago, it would have seemed outlandish that the British government would create a company to manage economic...