The Federation of Small Businesses (FSB) is concerned an HM Revenue and Customs (HMRC) consultation which closes on Monday, that could lead to implementation of spot checks on company records, will be used purely as a revenue raising exercise.
HSBC today announced its Annual Results for 2010, revealing pre-tax profits of £11.7 billion, more than doubling last year's total. The bank also saw a return to profitability in every customer group and region for the first time since 2006.
Commenting on the revised GDP figures and the business investment figures for the fourth quarter of 2010, published today by the ONS, is David Kern, Chief Economist at the British Chambers of Commerce
At a time of unprecedented upheaval in the Middle East and North Africa, international financial institutions must be vigilant against accepting misappropriated funds, global compliance specialist World-Check has warned.
The UK’s shock contraction of 0.5% has been revised to -0.6% by figures published by the Office for National Statistics (ONS).
The part state owned Lloyds Banking group today announced a return to profits, owing in part to a 6% reduction in operating costs alongside a 7% growth in income, despite the moderate performance of the British economy.
Banks can no longer deny small businesses finance on appropriate terms, says business group
Barclays Bank, HSBC, Lloyds Banking Group and RBS Group have all voluntarily agreed to review and, where necessary, improve the way they sell will-writing and executor services following discussions with the OFT.
Minutes of Monetary Policy Committee meeting have been published today, revealing a growing schism within the committee about the decision to raise interest rates.
Data published today by the ONS detail aspects of the public sector’s financial performance, showing large reductions in both borrowing and expenditure.