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A flu pandemic could wipe more than 7pc off Britain's economic output and trigger the worst recession since the early 1920s according to Bank of England calculations.

Britain's oncedominant financial sector will shrink to a mere 7pc of the economy in the coming years marking its permanent decline in the wake of the crisis a leading economist has predicted.

Bulgaria is the cheapest European holiday destination for British travellers according to a survey.

Consumer confidence rose for the third month in a row in April according to GfK NOP's latest survey.

European Commission accused of launching a "blatant attack" on London's financial services industry with proposals to regulate hedge funds and private equity firms.

Savers looking for a tax free investment outside the Isa wrapper will welcome the latest offering from National Savings ? Investments.

The pace at which the US economy is contracting began to slow in April the Federal Reserve confirmed.

The EU's working age population will peak next year before tipping into decline for half a century

World stock markets could fall by 15pc20pc if the World Health Organisation WHO upgrades the swine flu outbreak to a "phase 5" crisis.

City bonuses slashed as workers agree to reduced hours in the teeth of recession.