Spain's February jobless slips 0.04 pc m/m to 4.8 million

MADRID: Spain's government hailed Tuesday a wafer-thin cut in the nation's jobless queues in February, a fresh sign that the labour market is stabilising after the loss of millions of jobs since 2008.

UK double-dip recession to drag on into summer, economists warn

Britain's collapse back into recession will drag on until June at the earliest and condemn the country to another lost year, economists have warned.

Spain 'headed towards' 2013 financial crunch

Spain, sucked back into the centre of the eurozone debt crisis, is headed towards a financial crunch in 2013 that may force it to seek international help, analysts warn.

UK looks set to avoid double-dip recession … with debt-fuelled recovery

Wage inflation (excluding bonuses) is running at an annual rate of 1.7% – price inflation is almost double at 3.6%.