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 chief executive comments on the building societyís delivering a 30% growth in profits for the 2010/2011 financial year
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.
Consumers pay an average of 12.7% on a £5,000 loan- the highest sum in a decade.
As predicted, the consumer prices index (CPI) of inflation has climbed again, reaching 4.5%.
Savers in the higher rate tax band would need an unheard of 7.5% per annum from their accounts simply to beat inflation
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.
New task forces to tackle tax dodgers were announced today by HM Revenue & Customs (HMRC).
The Bank of Englandís Governor, Mervin King, delivered his speech outlining the Bankís forecast for various economic indicators
Barclays will not be appealing the High Courtís ruling on payment protection insurance (PPI), the bank has said today.