Advertisement

Advertisement

Advertisement

Advertisement

 

Subscribe to our City News News Feed Subscribe to the RSS Feed

Mortgage Rescue Scheme was not value for money

25/05/2011

The Governmentís Mortgage Rescue Scheme- intended to help households facing repossession of their properties- overran its budget by £35 million whilst helping less than half the anticipated amount.


 

Nationwide delivers strong profit growth

25/05/2011

Nationwide chief executive comments on the building societyís delivering a 30% growth in profits for the 2010/2011 financial year


 

Project Merlin lending still behind target

23/05/2011

Despite the signing of a multi-billion pound pledge between the nationís leading banks and government to increase lending to UK businesses, figures published today by the Bank of England have confirmed a £2.2 billion shortfall in lending.


 

Loan costs highest in a decade

23/05/2011

Consumers pay an average of 12.7% on a £5,000 loan- the highest sum in a decade.


 

Consumer price inflation climbs to 4.5%

17/05/2011

As predicted, the consumer prices index (CPI) of inflation has climbed again, reaching 4.5%.


 

Savers need 7.5% returns just to break even

17/05/2011

Savers in the higher rate tax band would need an unheard of 7.5% per annum from their accounts simply to beat inflation


 

Eurozone finance chiefs again focus on Greece

17/05/2011

Dominique Strauss Kahn has been sent to New Yorkís notorious Rikers Island prison. He has been denied bail for charges including rape of a hotel chamber maid during a private visit to New York.


 

10 taskforces to be launched to tackle tax dodgers

12/05/2011

New task forces to tackle tax dodgers were announced today by HM Revenue & Customs (HMRC).


 

Bank of England Governor details subdued economic future

11/05/2011

The Bank of Englandís Governor, Mervin King, delivered his speech outlining the Bankís forecast for various economic indicators


 

Barclays not appealing PPI ruling

09/05/2011

Barclays will not be appealing the High Courtís ruling on payment protection insurance (PPI), the bank has said today.