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Northern Rock's collapse foreshadowed the financial crisis
Northern Rock returns to profit

By politics.co.uk staff The bank whose collapse became an early indicator of the financial crisis has returned a profit for the first time since the downturn. Northern Rock (Asset Management) made £349.7 million profit in the first half of 2010, compared to its £724.2 million loss during the same period last year. The subsection of… Read more »

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David Cameron and Nick Clegg press Cabinet colleagues on spending cuts
Keep on cutting, coalition leaders urge

By politics.co.uk staff David Cameron and Nick Clegg have called on Cabinet colleagues not to forget the government’s biggest priority this summer: reducing the deficit. The prime minister and his deputy used a jointly-written letter to Cabinet members to call on ministers not to lose sight of the need to cut public spending. They reminded… Read more »