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Important

Savings of up to £1 Million to be Protected

The Bank of England will protect savings of up to a million pounds under the Financial Services Compensation Scheme. The increased rate of savings protection is expected to take effect…

Flash Crash

Financial Trader Arrested Over Global “Flash Crash” of 2010

A UK trader, Navinder Singh Sarao, has been arrested in connection with the “flash crash” of global financial markets which took place in 2010. The 37-year-old, it is alleged, placed…

Clegg Calls Leaving EU “Self-Harm” for UK Economy

Nick Clegg, leader of the Liberal Democrats and Deputy Prime Minister in the current coalition government, has spoken on the matter of EU membership ahead of the coming election. Clegg…

Energy Bills

Competition and Markets Authority: Customers Missing Energy Savings

According to an inquiry being carried out by the Competition and Markets Authority (CMA), a lot of customers are missing out on very big energy savings. Specifically, those on dual-fuel…

Scottish Parliament logo

George Osborne Unhappy About Scottish Tax Powers

Since Scotland voted to remain part of the UK, Westminster has been preparing to grant the Scottish government a number of new powers that were promised in the run-up to…

RBS Logo

RBS Issues Apology for Incorrect Committee Evidence

The Royal Bank of Scotland (RBS) has issued an apology for providing a parliamentary committee with incorrect evidence. The incident took place at a hearing in June, at which directors…

Money

Bank Note Printers Issue Profit Warning

You would think that legally printing money is just about the most profitable business possible. Unfortunately, things aren’t quite that simple and De La Rue, the printing company responsible for…

Economic Growth

UK Economic Growth Higher Than Estimated

The growth of the UK economy through the second quarter of the year was slightly more pronounced than was previously believed, it has been revealed. Previously, growth was estimated at…

PPI Claim

PPI Claims Still Going Strong Through First Quarter of 2014

Recent figures show that PPI complaints remained reasonably steady through the first quarter of 2014. Though they have lost some steam since the very height of the scandal, they are…

tax evasion

New Penalties for Offshore Tax Dodgers

New penalties have been laid out by chancellor George Osborne for people who avoid paying tax by keeping their funds abroad. Those who commit this kind of tax evasion could…