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Quantitative easing 'now likely'

07/09/2011

In order to address the deteriorating economic conditions felt here in the UK, as in much of the developed world, the Bank of England is now likely to vote on more quantitative easing


 

Sharp drop in personal pension contributions

07/09/2011

Contributions to personal pensions have dropped 15% in 2 years as a result of the recession and current downturn, figures from the Office for National Statistics show.


 

Ring-fencing banks will hinder economic growth report says

05/09/2011

Any move to ring-fence the UK banks' High Street operations from investment banking divisions would result in a 0.3% decrease in economic growth according to the Ernst & Young Item Club report.


 

Goldman Sachs face enforcement action for 'negligence'

02/09/2011

Goldman Sachs (NYSE: GS) is facing enforcement action by the US Federal Reserve Bank to address ‘a pattern of misconduct and negligence’ in its former subsidiary, Litton Loan Servicing LP.


 

Businesses look for protection amidst rise in missed invoice payments

01/09/2011

Credit scarcity and falling consumer spend risk a surge in missed invoice payments, threatening UK businesses.


 

Private finance initiatives: better value for the private sector than for taxpayers?

01/09/2011

Private Finance Initiatives as a means of delivering infrastructure projects appear to deliver better value for private sector contractors than for the taxpayer, the Commons Public Accounts Committee stated this morning in its report into the controversial contracts.


 

UK Swiss tax deal: treachery or pragmatism?

31/08/2011

Chancellor George Osborne’s plan to tax the accounts of UK taxpayers held in Swiss banks, announced last week, was widely met with praise.


 

Let customers bank at Post Offices, urge consumer group

31/08/2011

Bank customers should be granted full access to their accounts via the Post Office network, a consumer group has said.


 

Lending to individuals sees slight growth

30/08/2011

Bank lending to individuals rose by £900 million in July- less than the half year average of £1.2 billion a month, the Bank of England’s latest figures show.


 

Corporations increasingly claim losses for tax evasion

30/08/2011

Corporate losses have increased across the world in the wake of the global economic downturn, and part of this surge may be a deliberate use of loop-holes and ‘aggressive tax planning’, Paris-based economic institution, the Organisation for Economic Cooperation and Development have said.