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Welcome to the Business and Economics Portal.
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Today's featured article
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| The Bank of England is the central bank of the United Kingdom, and as such it convenes the Monetary Policy Committee, which is responsible for the monetary policy of the country. It was established in 1694 to act as the English Government's banker, a role which it still fulfils today. The Bank's building is located in the City of London, on Threadneedle Street, and hence it is sometimes known as The Old Lady of Threadneedle Street or The Old Lady. The current Governor of the Bank of England is Mervyn King, who took over on June 30 2003 from Sir Edward George.
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Famous and featured
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| Sir Richard Branson (born 18 July 1950, Shamley Green, Surrey), sometimes abbreviated as SRB for "Sir Richard Branson", is an English entrepreneur, best known for his Virgin brand, a banner that encompasses a variety of businesses. Branson's worth is estimated at over £3 billion according to The Sunday Times Rich List 2006. On 12 October 2006, he said he plans to invest £3 billion of Virgin's profits over 10 years to fight global warming.
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Business and Economics in the news
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Government plans to cut the UK's budget deficit are not ambitious enough, a European Commission report will warn this week.
The vice-president of Kraft Foods will be questioned by MPs over his company's takeover of Cadbury later.
Savers in the Equitable Life insurance company denounce the limited compensation process set up by the government.
French Connection is to sell Nicole Farhi, the fashion business that bears the name of its co-founder, to help to stem its widening losses.  
Gordon Brown was dealt an embarrassing blow last night when Brussels gave warning that Britain must do more to curb its spiralling debt. 
Would-be newcomers to the world of property are being confronted with an extra challenge before they try to buy their first home ? a shrinking and more expensive rental market. 
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.
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