Business news you may have missed

Jaded bankers choose pot over cocaine as recession drags on

Drug-test data compiled by drug testing company Sterling Infosystems Inc., shows that cocaine is losing favour among investment professionals.

Cost of lending up on last year
BBC
Businesses are facing higher bank fees and costs than last year when it comes to accessing finance, according to the latest business confidence report from the Institute of Chartered Accountants in England and Wales.

Interest rates could hit 8%
Telegraph
Interest rates may have to rise to 8% in the next two years in order to combat rampant inflation, a leading think tank has warned. According to Andrew Lilico, chief economist at the Policy Exchange, the UK is likely to enter a double-dip recession next year, followed by an economic boom that will unleash a wave of money.