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Banking fraud losses continue to drop

10/03/2011

Figures released on Wednesday have revealed that fraud losses on UK cards, cheques and online banking all fell in 2010, and are at a record low for over ten years.


 

Interest rates remain at record low

10/03/2011

UK interest rates remain at their record low of 0.5%, as the Bank of England resists pressure to raise rates to curb inflation.


 

China records shock trade deficit

10/03/2011

China’s economy has come under the spotlight after it was announced they suffered a trade deficit for the first time in a year.


 

Interest rate uncertainty disconcerting for businesses and consumers

10/03/2011

Commenting ahead of today’s (Thursday) Monetary Policy Committee decision, David Kern, Chief Economist at the British Chambers of Commerce, said:


 

'Banks are not equity investors': James Caan discusses falling bank lending

09/03/2011

British Entrepreneur and former BBC Dragon’s Den star James Caan has called for ‘greater transparency’ from Britain’s banks in terms of their ability to lend to Small and Medium Sized Enterprises.


 

Northern Rock Announce Losses for 2010

09/03/2011

Nationalised lender Northern Rock has announced a loss of £232.4 million for 2010, but insists progress has been made with income up and costs reduced.


 

UK trade deficit falls to £3 billion

09/03/2011

The UK’s deficit for trade in goods and services narrowed to £3.0 billion for January 2011, down from December’s high of £5.5 billion


 

VAT refund bounty for British businesses

09/03/2011

Thousands of hard-pressed British business are set for a VAT refund bounty, according to accounting software specialists, Accountz, thanks to a mix up made by local authorities when charging for trade waste collection.


 

CBI comments on EU credit default swap ban

08/03/2011

Members of the European Parliament’s Economic and Monetary Affairs Committee voted yesterday in favour of banning uncovered sovereign credit default swaps and naked short selling- in which speculators predict falling securities prices.


 

New financial rules must not ignore developing world, says World Bank

08/03/2011

Overhauls of global financial rules typically take years to put into action and rapidly lose relevance