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ScotRail hopes to keep most trains running even if RMT members strike Rail strikes in the run-up to Christmas are to go ahead after talks between ScotRail managers and trade union officials failed to achieve agreement. Members of the National Union of Rail, Maritime and Transport Workers (RMT) plan to take part in the action on 22 December and Christmas Eve. The RMT...

The leaders met for two days EU leaders have agreed on a roadmap for eurozone integration beyond the deal on centralised banking supervision, German Chancellor Angela Merkel said. Specific dates have not yet been agreed for the phases of integration. But the EU summit chairman, Herman Van Rompuy, said a deal should be reached next year on a joint resolution scheme for...

Figures for each of the previous 12 months were revised Output in the UK construction industry fell in October, down 5.1% from the same month last year, according to the Office for National Statistics (ONS). Compared with the previous month, construction output rose 8.3%. Construction is a component of gross domestic product (GDP), which measures the value of everything...

Manchester City won the Premier League for the first time in 2011-12 Manchester City has revealed that its financial losses for 2011-12 have halved from a year earlier. The Premier League champions announced a pre-tax loss of 93.4m, down from 189.6m in 2010-11. Revenues increased 51% to 231.1m, with the club's first appearance in the Uefa Champions League contributing...

House sales have been slow in recent years, figures show Surveyors are predicting that the cost of renting a home will rise by 4% in 2013, double the predicted rate of UK house price growth. The Royal Institution of Chartered Surveyors (Rics) said that a slight improvement in the UK economy would be reflected in the property price change. But many potential first-time...

HMRC said some people had ignored numerous communications About 300,000 people who have failed to send in their tax returns for 2010-11 could soon see their goods seized. The taxman is sending warning letters to those who have now run up late-filing penalties of 1,300 for that year, under self-assessment. They can still pay, or ask for the penalty to be taken off their...

HMRC said some people had ignored numerous communications About 300,000 people who have failed to send in their tax returns for 2010-11 could soon see their goods seized. The taxman is sending warning letters to those who have now run up late-filing penalties of 1,300 for that year, under self-assessment. They can still pay, or ask for the penalty to be taken off their...

Japan's big manufacturers have seen a slowdown in demand for their products from key markets Sentiment among Japanese businesses worsened in the three months to December, the Bank of Japan's Tankan survey has indicated, underlining the weakness in the country's economy. The survey's large manufacturers' index deteriorated to minus 12, from minus...

The German chancellor welcomed the deal hours afterwards in the Bundestag EU leaders have gone into a Brussels summit buoyed by a landmark deal on centralised supervision of eurozone banks, seen as a key integration step. The European Commission said the leaders must "keep the same sense of urgency" despite an easing of market pressure on the eurozone recently. The...

HMV described the six months as "difficult" HMV has warned that it faces an uncertain future in the face of continuing falling sales, and says it is in talks with its banks. The troubled music, films and games retailer said it faced a "probable" breach of its current banking agreements next month, and was facing "material uncertainties". Sales...