Weak coalition could undermine the economy
Economists are warning that a weak government could slow the recovery and drive up government borrowing costs as financial markets add a premium for political risk.Continue reading
Mixed first quarter results for Lloyds
The state-rescued Lloyds Banking Group has announced that net profits sank by a fifth in the first quarter, after taking a charge against the disposal of its TSB retail division.Continue reading
UK economic growth slows to 0.3 per cent ahead of next general election
The latest figures for Britain’s economy have revealed that the recovery rate slowed to 0.3 per cent during the first quarter of 2015, despite experts’ earlier predictions that growth would be 0.5 per cent.Continue reading
German think tank says exit from EU would cost Britain £224bn
According to Bertelsmann Stiftung, a German think tank, an exit from the EU would have a worse impact on Britain than any other EU nation.Continue reading
HMRC’s “Rising Stars” team to scrutinise the financial affairs of wealthy individuals
HM Revenue and Customs (HMRC) has extended its efforts to inspect the financial status of some of Britain’s wealthiest taxpayers through its “Rising Stars” team, which actively seeks to track their activities.Continue reading
Deutsche Bank hit by record £1.7bn rate-rigging fine
Germany’s Deutsche Bank has been fined a record $2.5bn (£1.7bn) by UK and US regulators for rigging Libor and Euribor, ordered to fire seven employees and accused of being obstructive towards regulators in their investigations.Continue reading
Graduate cannot appeal against HMRC’s £1,300 fine for his university business
A graduate from Sheffield Hallam University who has been served with a £1,300 penalty from HMRC, for submitting a late tax return that was not his responsibility, cannot argue against the charge because of current tax legislation.Continue reading
Banks pressured to offer better current account rewards
With competition to offer current account perks picking up, the big four high street banks are facing increasing pressure.Continue reading
Good news for income investors as dividend outlook for 2015 improves
According to a recent report published by Capita, dividend pay-outs from companies listed in the UK grew at the beginning of 2015, up in the first quarter of the year when compared to results from 12 months ago.Continue reading
UK economy expected “to grow 2.8 per cent in 2015”
According to EY’s ITEM Club – the only non-governmental forecasting group that uses HM Treasury’s model of the UK economy – political unrest surrounding the upcoming general election will have no impact on Britain’s economic growth.Continue reading
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