Three former Labour MPs and a Conservative Party peer will be tried in a criminal court, after being accused of manipulating their expenses. Mr Justice Saunders told Southwark Crown Court in central London that the four men were not protected by Parliamentary privilege.
The Financial Services Authority has said that Sally Dewar, its managing director of risk, will leave in May 2011. It will be the end of an eight-year career for the regulator's top female employee.
Concerns over the economic impact of sovereign debt problems dented business confidence in May, according to the latest Lloyds TSB Corporate Markets Business Barometer.
A report from the Confederation of British Industry (CBI) has argued that small to medium businesses are a key part of reviving the UK economy. The CBI has urged the government to bring the deficit rapidly under control in a way that will not undermine the economy's ability to grow.
Britain needs to step up plans to reduce the budget deficit, according to a leading credit rating agency. The pound has fallen by 1% against the dollar, extending a year long decline which has reached 11% at this stage.
The BBC’s Panorama programme has uncovered that the owners of Manchester United are £1.1 billion in debt, after allegedly borrowing against a business shopping mall business which is now unable to keep up with its mortgage payments.
Football players participating in the 2010 World Cup will be insured for over £6.2 billion, with Fifa, national teams and broadcasters all taking out insurance policies. Stadiums are insured for at least £3.2 billion, and other business ventures attached to the World Cup make up an additional £3 billion of insurance.
Increasing the VAT rate to 20 per cent would cost 163,000 jobs over four years and reduce consumer spending by £3.6 billion over the same period.
Former Cabinet minister John Redwood has added to the pressure on David Cameron to curb a planned raise in Capital Gains Tax, insisting that it would ‘send a strange signal’ if the coalition government raised a tax rate that had been set by the previous Labour administration.
Data revealed today showed that the UK GDP for the first quarter has been revised to 0.3%, after an initial estimate at 0.2%.