Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
CHANCELLOR George Osborne yesterday confirmed the government would make price-fixing in foreign exchange markets a criminal offence in 2015.
The sharp fall in the value of the rouble, coupled with the near-halving of the oil price, mean more bailouts are likely to be needed.
FINANCIAL market regulators have warned that if the fall in oil prices were sustained, it could be a problem for the UK's financial stability.
LONDON (Reuters) - Britain's accounting watchdog has launched an inquiry into the preparation, approval and audit of Tesco's accounts over the last four years, including the role of external auditor PwC [PWC.