The FTSE 100 closed at 5139.78 today, down just over 67 points, marking the longest losing streak since January 2003.
With weak numbers from China adding to Eurozone pressures, US stocks have opened markedly lower today.
The Office of National Statistics (ONS) has released figures that suggest UK workers are earning 3.5% less in real terms as salary increases fail to keep pace with inflation. The medial full time salary in the UK increased 1.4% to £26,244 in 2011 versus an inflation rate of 5% or higher, according to the Guardian today.
EU statistics released today indicate that new industrial orders fell sharply between August and September, reflecting the biggest slump since December 2008. Economists fear this is an undeniable sign that Europe could be heading for a recession.
HM Revenue and Customs (HMRC) have announced a new taskforce to targeted people who use offshore bank accounts to avoid paying taxes. The new department will include analysts, tax experts and tax investigators.