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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…

File photo dated 19/05/11 of a train ticket, timetable and money, as new compensation arrangements for rail passengers come into effect today.

Rail Fares to Increase Next Year

The Department of Transport has said that next January will see a rise of 1% in regulated rail fares. This increase is pegged to July’s inflation level of 1%, measured…

Small Business

Confidence Growing Among Small Businesses

According to the Federation of Small Businesses (FSB), confidence among smaller enterprises has grown significantly over the past three months. This points, the Federation says, towards strong potential for growth…

forex

FOREX Manipulation Leads to Record Fines

Record fines have been handed down to five of the world’s biggest names in banking, primarily for manipulation of the foreign exchange (FOREX) market. The fines total US$ £3.6 billion,…

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…