Search Results for: George Osborne
Euro zone risks return to contraction, China outlook smoggy
December 4th, 2014
The euro zone economy may face another contraction after business activity grew less than expected in November, although although Asian readings were more upbeat, while U.S. data was mixed in global surveys published on Wednesday. Firms across the euro ...
UK hands fraud agency all funds needed for forex probe
November 14th, 2014
Britain’s finance ministry will hand the country’s anti-fraud agency all the funds it needs to conduct a criminal investigation into alleged rigging of the $5.3 trillion-a-day currency market, a Treasury source said. Finance minister George Osborne has written to ...
UK taxpayers learn how much of their money goes on welfare
November 3rd, 2014
Taxpayers will for the first time receive their Annual Tax Summary, which will show how much tax the person has paid and to which government departments the money has gone. HM Revenue & Customs will begin sending out the ...
Governments sign deal against tax evasion
October 30th, 2014
Fifty-one countries have pledged to pass on financial data after signing an agreement in Berlin to crack down on tax evasion. The transparency drive, which will launch the automatic exchange of tax information between countries, was hailed by finance ...
BoE lashes out at EU bonus cap rules
October 17th, 2014
The Bank of England has launched a full-blooded counter-attack on the EU cap on banker bonuses, calling it the “wrong policy” just one day after European regulators tried to stop banks from dodging the rule. In a sign of ...
Coutts’ sale shows the politics of banking – Bottom Line
August 12th, 2014
The biggest surprise about RBS considering selling the international units of its private bank Coutts is that it has not already flogged them. Since the crash and subsequent bailout, RBS has been cutting back to focus on UK retail ...
British’s Economy Set for Milestone
July 25th, 2014
Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago. Gross domestic product is expected to have kept ...
Barclays chairman warns on FX regulation
July 4th, 2014
The foreign exchange market needs “fine tuning” rather than heavy handed reform, the chairman of Barclays argued on Thursday, as he unveiled a new compliance academy aimed at raising standards within the bank. Sir David Walker said that while ...
Andy Coulson guilty over phone hacking as Rebekah Brooks walks free
June 24th, 2014
David Cameron’s former communications chief Andy Coulson is facing jail after being found guilty of conspiring to hack phones while he was editor of the News of the World. Rebekah Brooks, his predecessor in the job, walked free from ...
Yuan to Start Direct Trading With Pound from tomorrow
June 18th, 2014
China will allow the yuan to be exchanged directly for British pounds from tomorrow in Shanghai as the world’s second-largest economy promotes the use of its currency in global trade and finance. “This is an important step in strengthening ...
