Nokia, the world's largest mobile phone company, saw its profits plunge by 90 per cent in the first three months of the year.
Britain could already be through the worst of the recession, according to David Miles, a city economist and the newest recruit to the Bank of England's interest rate-setting committee.
A Conservative government would be forced to implement drastic spending curbs to cope with the "atrocious" public finances that will be revealed in Labour's Budget on Wednesday, according to George Osborne, the Shadow Chancellor.
The Financial Services Authority has been accused of "apathy and complacency" in its regulation of building societies during the boom, by one of its former advisors.
Doctors have found that they can cut the risk of heart attack by encouraging people to watch television comedy programmes.
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