22 May 2013 Last updated at 04:46 ET

Bad weather hits retail sales againFood items

UK retail sales in April were 1.3% lower than in March as bad weather continued to dent spending, official figures show.


Stephanie Flanders, Economics editor Article written by Stephanie Flanders Stephanie Flanders Economics editor

IMF says time to take stock

The IMF has been saying for several years that the chancellor might have to slow the pace of deficit cuts if the economy continued to under-perform. It now thinks that day has arrived.

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Robert Peston, Business editor Article written by Robert Peston Robert Peston Business editor

Did the Bank of England cry wolf?

Has the Bank of England exaggerated the capital shortages in banks or have the banks run rings around it?

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