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World Headline, Health Business and Technology Update from BBC News UK economy 'now at 28-year low' The UK economy likely declined 1.5% in the last three months of 2008, its worst performance in 28 years, a study reports. US job losses hit record in 2008 More US workers lost jobs in 2008 than in any year since World War II, with employers axing 2.6 million posts. Iceland buys 51 Woolworths stores Frozen food retailer Iceland buys 51 former Woolworths stores, and says it plans to create 2,500 new jobs. Full coverage of the UK economy, and tips on surviving the crisis Tips on surviving the financial crisis, and full coverage of the UK economy Mandelson weighs help for car loans Lord Mandelson says the government is considering help for car finance firms but rules out help for vehicle manufacturers.

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