In recent comments to the Treasury Select Committee on economic affairs, Mervyn King, the Governor of the Bank of England, said that "UK economic recovery would be slow

There is little doubt that 20 years of ever rising leverage is now over. The period of rising debt was characterised by an increase in the frequency, and

UK Budget 2009 announcements were as grim as expected. Official borrowing will reach over 12% of the economy in the current financial year, or £175bn. It will fall

It is a busy week for data in the US, which should provide some important clues about the pace of the overall economic contraction in the first quarter

As the Bank of England embarks on a £150bn programme of buying securities from the private sector that will not be financed by an equivalent issue of government

2008 has been a year full of tumultuous events for financial markets, with the failure of some of the brightest names in the banking sector and wholesale government