Public sector net borrowing dropped £1.3bn in September to £14.1bn, whilst the monthly budget deficit narrowed marginally to £11.9bn, the Office for National Statistics shows.
‘Simple’ financial products are being developed by government with help from financial industry experts, in order to make it easier for the UK consumer to navigate the complex web of financial services offered.
The European Commission are to revise the MiFID (Markets in Financial Instruments Directive) scheme intended to curtail speculative, fast-paced trading in the derivatives market, offering consumers greater protection.
1.8 million mortgage holders whose fixed rate deals have come to an end are currently on their lender’s reversionary variable rate, research published on Thursday by the Council of Mortgage Lenders shows.
Financial ministers from G20 member states have reached a set of agreements intended to strengthen trust and confidence amongst consumers in the financial sector.
Heavy-handed regulation coming from Europe could do serious damage to the UK’s professional and financial services sector, which is crucial for jobs and growth, the CBI’s Director-General John Cridland said last night (Thursday).
Recent equity falls are bolstering the gilts market, driving up the cost of purchasing an annuity and pushing down pension incomes.
The Bank of England yesterday voted through a £75billion cash injection into the UK economy in a move that has been widely praised by business organisations considering the move to be a necessary boost to business confidence at a time of worsening economic crises.
Producer prices inflation crept up again over September, with output prices showing particularly marked increases.
The Institute of Directors today publishes its response to the Office of Tax Simplification’s discussion paper “A simpler income tax system for the smallest businesses”.