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THEY were the hands that built Scotland's industrial reputation and waved off vast ocean-going liners and warships to faraway seas. Welders, engineers, riggers, pipe fitters, crane operators: skills that once formed the backbone of the Scottish workforce seemed to be redundant in the 21st century.
THE government yester- day unveiled a long-awaited £2.3 billion package of support to help stem mounting job losses in the car industry, providing loan guarantees to firms hit by a huge slump in sales.
ICELAND's coalition government collapsed yesterday under the pressure of the economic crisis that has driven the nation to bankruptcy and political turmoil.
MORE than 69,000 job losses were announced yesterday as companies in the United States and Europe shed staff to try to ride out the global financial crisis.
GORDON Brown will warn today against giving up on globalisation because of the current worldwide financial crisis.
SCHOOL, hospital and road building projects worth £2.4 billion have been put on hold because of the recession, it has been claimed.
SCOTLAND'S capital could be hit hard by the recession due to its high level of finance and insurance jobs, according to a new report.
BELT-TIGHTENING by motorists during the recession is leading to an increase in potentially unroadworthy vehicles.
KENNETH Clarke, the Tories' new shadow business secretary, yesterday accused Gordon Brown and Alistair Darling of "panicking" over the recession.
STEELMAKER Corus is understood to be planning significant job cuts this week in one of the worst hits for the already-struggling manufacturing sector.
ALISTAIR Darling's prediction that the UK economy would start to pick up in July looked hopelessly optimistic yesterday, when official figures revealed the country was in recession.
SCOTLAND'S largest garden centre chain is passing on the government's VAT cut to customers only if they complain, an internal memo obtained by The Scotsman shows.
ONE in four older workers is having to abandon dreams of early retirement because the economic crisis has hit pension pots and savings.
HEAVY discounting on the high street and the reduction in VAT caused the biggest fall in inflation last month since the recession of the early 1990s, official figures revealed today.
THE Treasury has given the Bank of England the power to print new money as an "unconventional weapon" to tackle the recession.
GORDON Brown said today that the Government's latest massive banking bail-out would help restore lending in the British economy.
SHARES in Royal Bank of Scotland plummeted today after the beleaguered lender revealed it was on course for a record annual loss for a UK company.
CHANCELLOR Alistair Darling today staked hundreds of billions of pounds of taxpayers' money on a second bank bail-out in a bid to free up "blocked" credit markets and head off a worsening recession.