Woolworths going into administration is extremely bad news for the retail industry, but it may trigger a pre Christmas bonanza for shoppers seeking bargains.
It seems likely that the government will reduce VAT by 2.5% to 15% in the pre budget report later today, but will it make any difference?
The Bank of England has today slashed interest rates by 1.5% but will this be passed on by mortgage lenders to their customers?
By tapping into Far East investors, Barclays has raised £7.05 billion. But the decision to raise capital in this way rather than secure a loan from the government is causing concern amongst investors.