Bristol Business News

Freezing weather sweeping across Europe is causing a shortage of vital Russian gas supplies to several countries, officials say.

Around 20% of unemployed people who have been on the government's main welfare-to-work scheme, the Work Programme, for at least 6 months have been found a job, the BBC has learnt.

A member of the Bank of England's Monetary Policy Committee criticises banks for not lending enough to businesses and asks if they are "risk-averse jerks".

Oil production is set to start in Uganda after a deal is signed between the government and London-based Tullow oil, which also draws in Chinese and French firms.

The UK's service sector grew at its fastest rate since March 2011 in January, according to a closely watched survey.

Tourist bookings for visits to Scotland around the time of the London Olympics are rising, it is claimed.

Ireland's Central Bank says the country's domestic economy will remain in recession through 2012.

News supplied by BBC

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