Government job plan failure, mortgage lending stagnation, and a continuing European debt crisis - here's your need-to-know business news roundup.
The government’s National Insurance holiday scheme has failed according to new figures.
The Treasury admitted today that just 10,000 firms had qualified for the scheme – one fortieth of its predictions of 400,000. [Telegraph]
Mortgage lending will remain stagnant in the next few months according to a survey from the Bank of England.
A new report suggests that the number of loans extended has remained flat over the last four months. [BBC]
The European debt crisis has returned from its Christmas break with Hungary cancelling a second bond auction.
The country’s five-year debt is trading at almost 11 per cent, making some form of bailout all but certain. [Guardian]