News Archive

Conservative peer Stuart Rose to lead 'Yes' campaign for UK's EU membership referrendum

The head of the UK's European Union membership referendum 'Yes' campaign was named as Stuart Rose today (10 October). The former chief executive of high street retailer Marks & Spencer will run the "In Campaign" for the the UK to stay a member of the EU.

Tories’ wage and leave reforms under fire from small businesses

The Conservative Party, gathering for its annual conference in Manchester this week, has come under renewed fire from British business for two of its recent policy proposals – the new national living wage and changes to paternity leave.

London rated world's leading financial centre, overtaking New York

London is the world's leading financial centre, according to an index published by Z/Yen Group. It overtook New York which led the chart in 2014.

George Osborne upbeat on slowing China economy and encourages UK investment

Chancellor George Osborne expressed his confidence in the slowing Chinese economy on 20 September, and called for more Chinese investment in the UK during a visit to Beijing. Despite disagreements over human rights and the former British colony of Hong Kong, China values Britain's staunch defence of free trade and lack of obstacles to investing in Britain. Chinese President Xi Jinping visits Britain next month.

Bank of England keeps interest rate at 0.5% and QE programme at £375bn

The Bank of England's Monetary Policy Committee has kept the UK interest rate at its record low of 0.5%, the Bank announced. The organisation's asset buying programme is also unchanged at £375bn (€517bn, $579bn). The results of the MPC's September meeting were hotly anticipated, as it was the first one since the devaluation of the Chinese yuan started.

UK Banks and compliance: How a new communications system could prevent rate fixing scenarios

The rigging of the London Interbank Offered Rate (Libor) by Citicorp, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS has resulted in fines of more than $5.8bn (£3.75bn, € 5.3bn) and major bank's images being severely harmed.

Banks and compliance: How a new communications system could prevent rate fixing scenarios

The rigging of the London Interbank Offered Rate (Libor) by Citicorp, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS has resulted in fines of more than $5.8bn (£3.75bn, € 5.3bn) and major bank's images being severely harmed.

Bank of England's Kristin Forbes warns of risks in keeping rates low for too long

Bank of England's monetary policy committee member Kristin Forbes has warned that the UK's economic recovery could be undermined if the central bank waits too long to raise interest rates.

RBS sale timing ignores the bank's capital surplus potential

Last night's disposal of Royal Bank of Scotland shares at 330p by Chancellor George Osborne achieved a new 2015 low.

It's time for Britain and Germany to join forces - and push Greece out of the euro

David Cameron could have a powerful ally in Angela Merkel if he will stand up against the ludicrous trick the Greeks have played on us all

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