Data published by the United Nations showed that foreign direct investment into the UK has fallen by more than three quarters since the financial crisis began.
At its peak in 2007, the boom in the City meant foreign direct investment into Britain stood at just over £196bn, but this halved in 2008 when the global banking teetered on the brink of collapse and has since halved again to stand at £46bn in 2010. MORE…
US debt crisis
The White House has warned that President Obama could veto a debt limit plan proposed by top House Republicans. MORE…
Meanwhile, the Telegraph reports the switchboard at Congress almost crashed as Americans voiced their anger at the stalemate in Washington over raising the country’s $14.3trn (£8trn) debt ceiling. MORE…
Olympics – one year today
The development of London’s Olympic Park after the 2012 Games will pay well in excess of £1.3bn to the public purse, according to the body charged with converting the sports venues into a vibrant community. MORE…
