Much has gone right for George Osborne. The economy is still growing strongly, despite the ambient turbulence, and is easily outperforming many other similar economies.
European rules to cap bankers' bonuses at twice fixed pay are �a retrograde step� that could add to difficulty in recruiting staff, according to the chairman of HSBC.
Ah, the highs and lows of the public market - Arm Holdings started the day at the top of the blue-chip index but by the close of play it was the biggest loser.
... * Says time frame for RBS privatisation has accelerated. * Says more interest in RBS from investors this year. * Says will consider sale of RBS shares to retail investors.
Construction equipment manufacturer JCB has announced it is to cut 150 jobs across its UK operation. Chief executive Graeme Macdonald said the firm had to cut its cost base due to a "severe decline" in world markets.