Rates cut again as recession deepens

December 5, 2008 BUSINESS BULLETIN Dear Reader Visit Times Online today for dynamic business news and views, market charts and sector analysis, plus your chance to comment. Also you can now download our series of free podcasts exploring the business ideas that are changing the world at www.timesonline.co.uk/businessideas Today's top stories Rates cut again as recession deepens Bank of England says outlook is worse now than a month ago despite cutting base rate to its lowest level in more than 50 years ECB rate cut sets tone to spark economies Record three-quarter point cut in eurozone interest rates led the way as banks attempt to limit effects of looming recession Law firm bypasses banks to protect payouts Addleshaw Goddard has paid its partners £12m in profits ahead of schedule so they can benefit from government guarantees General Motors and Ford say sorry over bailout Car bosses seek $34 billion in emergency loans but promise sweeping changes and say they will take only $1 a year in pay OTHER HEADLINES Analysis Sweden seems to have things in hand Swedish leader Fredrik Reinfeldt plans a huge fiscal stimulus to revive the economy, with tax cuts and raised spending both likely Markets Tempus: Michael Page ... Balfour Beatty ... Optos A switch from hiring to firing at Michael Page ... Balfour Beatty should benefit new measures ... Optos scope for overseas growth John Lewis boost ... Heineken closure ... BTG deal Need to know: comprehensive news coverage sector by sector Business Finance Compare business insurance, commercial mortgage & loan rates online IFA Search Find specialist business IFAs Business City Guides Overseas information Job hunting? Top executive positions Business Travel Latest news Legal Advice Search for corporate legal specialists If you no longer wish to receive the Business Bulletin, please click here to unsubscribe. If you wish to speak to a Customer Services Representative, please call 020 7860 1133. You have received this e-mail from a member of the News International Group. News International Limited, 1 Virginia Street, London E98 1XY, is the holding company for the News International Group and is registered in England No 81701. VAT number GB 243 8054 69 Times Newspapers Ltd is a member of the Direct Marketing Association and registered under the Data Protection Act 1998. To see our privacy policy, click here.