Category: News Wire

Sir Mervyn King has cleared the way for the Chancellor to ditch one of his cast-iron fiscal rules and miss his target to get the national debt under control by 2016.

The UK’s financial regulator has said it warned Barclays two years ago that Bob Diamond could prove unsuitable to become chief executive of the bank.

Bristol is launching its own currency, the Bristol Pound, with hundreds of businesses already signed up to use the currency designed to keep local wealth in local pockets.

The asset-based finance industry’s trade body has announced that it will play a “greater role in self-regulation” following allegations over the conduct of invoice finance providers, which advance cash to small businesses against invoices.

A “huge increase” in the value of digital book sales in the UK has been announced by trade organisation the Publishers Association.

The Coalition’s plan for a Government-backed investment bank will require £40bn of state funding and is likely to cause the Chancellor to miss his fiscal targets, a think-tank has argued.

The Financial Services Authority has been told it must start the compensation process for small businesses potentially mis-sold interest rate swaps after complaints the regulator has not done enough to get the process underway.

Local Enterprise Partnerships are to be given core funding by the Government following complaints that the new regional growth bodies are being run “on a shoestring”.

Sir Nicholas Macpherson was in front of public accounts select committee after the sale of the ‘good’ part of Northern Rock

The British economy may have passed its “darkest moment” and an economic recovery may be under way, former Prime Minister Sir John Major has said.

Small firms are struggling to raise the money they need to expand, according to a survey by business leaders.

Dealmaker Jonnie Goodwin wants to get young people from across the UK to experience life in fast growing businesses.

Chief executive Antony Jenkins tells staff of a ‘refreshed set of values’ at Barclays after the Libor rate-rigging scandal

Business Secretary Vince Cable is to announce that workers will face a cut in how much they can win for unfair dismissal at employment tribunals.

Number of civil servants declined by 5,000 in quarter, and number of health workers is higher than three years ago