The Office for National Statistics ...   more »

Permits for new home builds in the US tumbled to a 14-year low last month, official data showed today, as confidence in the weakening US housing market spiralled lower.

The number of home building projects that were started in November also took a big hit, in yet another sign ...   more »

Emergency help for financial markets has entered new territory with the European Central Bank pumping-in almost €170bn extra liquidity at below market interest rates in a special operation to head off a year-end liquidity crisis.

The surprise move, which followed last week’s co-ordinated barrage of measures by the world’s ...   more »

The CBI employers' organisation has cut its forecast for UK economic growth for the third consecutive quarter due to the turmoil in financial markets and soaring oil prices. In a report out today, the business group said it now expects GDP growth of just 2pc next year, down from its ...   more »

UK house prices fell by 3.2% in December, as seasonal factors and the full roll-out of home information packs (Hips) took their toll on an already slowing market, property website Rightmove claimed today.

The website's latest survey of asking prices showed a dramatic fall from an average of £239,986 ...   more »

Eurozone inflation hit 3.1 per cent in November, the highest for more than six years, according to revised figures that will encourage the European Central Bank to keep talking tough on future interest rate moves.

Preliminary figures had shown an annual inflation rate of 3 per cent, up from 2.6 ...   more »