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Downturn to be deeper than IMF forecast
PARIS (Reuters) - The global economic downturn will be considerably deeper than even the International Monetary Fund forecast a month ago, the Organisation for Economic Co-operation and Development's chief economist Klaus Schmidt-Hebbel told Reuters.



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BT handed super-fast broadband freedom
LONDON (Reuters) - BT Group was given a boost on Tuesday when the country's telecom regulator said it would not intervene in the wholesale pricing the telecom leader can set for super-fast broadband products.



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Water bills to rise above inflation
LONDON (Reuters) - Householders in England and Wales will face above-inflation increases in water bills this year, water regulator Ofwat said on Wednesday.



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Northern Rock unveils £1.36 billion loss
LONDON (Reuters) - State-owned bank Northern Rock said on Tuesday it made a loss of 1.36 billion pounds in 2008, confirming guidance it gave in an update last month.



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It’s crunch time for pensions

More than a third of UK adults are not saving into a pension plan, finds Fairinvestment.co.uk. Read


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