Business

Paul Krugman's new book challenges the consensus view of deficit cutting. Channel 4 News's Neil Macdonald looks at the economist's call for a return to the ideas of John Maynard Keynes.

Deloitte's annual report on football finance reveals just how reliant English clubs are on television income.

Culture Secretary Jeremy Hunt gives the Leveson inquiry into media ethics an insight into the level of pressure exerted on his department by Rupert Murdoch's News Corporation.

Mario Draghi, president of the European Central Bank, criticises Spain for underestimating the problems faced by Bankia, the troubled nationalised bank.

BAE says the plans could mean the closure of its plant in Newcastle-upon-Tyne as well as up to 280 at other sites in England and Wales.

On the day David Cameron announced the establishment of an inquiry into media ethics in the midst of the phone hacking scandal, his communications director had dinner with a News Corp lobbyist.

Jeremy Hunt's former aide Adam Smith is to make his second appearance at Leveson, after it emerged that the culture secretary favoured News Corp's bid for BSkyB weeks before he was put in charge.

The double-dip recession is deeper than originally feared as revised figures show a sharper decline in the economy in the first three months of 2012.