Category: News Wire

The Treasury has written to government departments warning most ministers they will have to cut up to 10% of their budgets for the year 2015/16.

Is Britain on the right path to make the financial system safer?

Vince Cable, the Business Secretary, has warned that the Bank of England’s plans to force banks to raise £25bn to strengthen their finances to cope with future crises would slow the recovery and hit lending.

Private companies have been invited to bid for the East Coast rail franchise, which has been run in the public sector since 2009.

All Cypriot banks will remain closed until Thursday, the central bank now says, and temporary measures will be placed on transactions when they reopen despite an EU/IMF bailout deal.

Trade Union Share Owners group aims to use its share ownership to ‘inject a dose of reality’ into British boardrooms

UK Asset Resolution, the “bad bank” charged with running off the taxpayers’ exposure to the toxic debts of Northern Rock and Bradford & Bingley, repaid £4bn to the state last year.

The global crisis is “far from over” and countries can expect several “twists and turns” before the economy fully recovers, the Governor of the Bank of England has warned.

Decision to accelerate return of route to private sector expected to spark contest between Virgin Trains and FirstGroup

PPI scandal and fines undermine improved performance at Barclays, HSBC, Lloyds, RBS and Standard and Chartered

A new war of words has broken out among Britain’s leading supermarkets about the quality of their pledges to match each others prices.

Political leaders in Cyprus are meeting for emergency talks after its parliament overwhelmingly rejected an international bailout deal.

Some rescue. Brussels has thrown a financial lifeline to Cyprus – but in the process has threatened to scuttle the island, the global recovery and even the euro project itself.

Consumers need more protection against hidden charges often tucked away in the small print, according to two bodies responsible for promoting law reform.

Golden Wonder noodles, currently shipped from China, will be made in Leeds in latest example of ‘re-shoring’