Bank ‘unaware’ of financial crisis
Craig TaylorA month before the start of the financial crisis, the Bank of England was apparently unaware of impending trouble, new documents reveal. BBC News – Business
Business
Further fuel price cuts this week
All four big supermarkets announce that further fuel price cuts will take effect this week, bringing petrol ever closer to £1 a litre. BBC News – Business
Retired ‘could sell pension off’
Retired workers could be given to right to sell their pensions to the highest bidder, Liberal Democrat minister Steve Webb suggests. BBC News – Business
Draghi comments send euro lower
The value of the euro has fallen to its lowest level since the middle of 2010, following comments from Mario Draghi, the president of the European Central Bank. BBC News – Business
City Link announces 2,356 job losses
The administrators of collapsed delivery firm City Link announce 2,356 job losses after a bid to buy the company fails. BBC News – Business
Wind-up radio inventor honoured
Inventor Trevor Baylis – who designed the wind-up Baygen radio – has been appointed a CBE in the New Year Honours list. BBC News – Business