Category: News Wire

Changes to HM Revenue & Customs small business record checks, designed to produce a more friendly approach with the emphasis on “education and support”, do not go far enough, tax advisers have warned.

The International Monetary Fund has told France to take urgent measures to head off national economic decline, warning that the country risks being left behind as southern Europe embraces reform.

Britain’s small and medium-sized businesses are being ravaged by weak demand, lack of funding, and late payment, and are in urgent need of help, business groups are warning.

Provision is more than double amount initially allocated and underscores seriousness of UK bank subsidiary investigations

A couple who run an online fabric retailer claim they have been “forced on to the dole” by eBay after the e-commerce giant made a “crazy and unfair” decision to freeze their account.

A total of 30 banks have signed up to the Bank of England’s Funding for Lending scheme to boost the economy, indicating that it could potentially unlock £66bn of lending.

Facebook Inc. (FB) Chief Operating Officer Sheryl Sandberg sold $7.44 million in shares as the company frees up more stock for trading following its initial public offering in May.

‘We have never avoided paying taxes’, says coffee company as latest profit figures are announced

The Chancellor will miss his debt reduction target by £22bn and have to tear up his public finance rulebook in December’s Autumn statement, the National Institute of Economic and Social Research said, as it warned the economy will show little sign of recovery until 2015.

The “centralised and hierarchical” governance structure of the Bank of England is damaging its effectiveness, according to three independent reports.

Senior retail figures are to come together on a new industry taskforce to help rejuvenate Britain’s ailing high streets and fill empty shops.

Corporate lending is likely to drop to its lowest level since 2006, defying the Government’s efforts to improve financing for small firms, according to the Ernst & Young ITEM Club.

Britain’s economy is set to grow more strongly than expected, and can avoid the Japan-style “lost decade” that has been feared, according to economists at the CBI.

UBS bankers in London were turned away from their offices on Tuesday and handed a letter putting them on “special leave”, just hours after the Swiss bank unveiled a radical restructuring to axe 10,000 jobs.

Barclays has reported a pre-tax loss of £47m for the third quarter after being hit by the cost of charges against the value of its own debt and the a further provision against payment protection insurance compensation.