The main rate of corporation tax to fall from 22% to 21% from April 2014, the chancellor said today.

The higher rate tax threshold will go up by 1% in 2014, the Chancellor said today.

The coalition government will not slap a new tax on property, the chancellor said today.

The Financial Ombudsman Service (FOS) has revealed details of a Keydata claim where it ruled against the IFA but decided no redress would be paid to the investor.

The Financial Ombudsman Service (FOS) has revealed details of a complaint where it has ruled in favour of a couple and against their IFA in a £60,000 case.

DRIVING SEAT

The Financial Services Authority (FSA) is proposing emergency measures to intervene in the sale of products where it judges mis-selling, flaws, or other problems to consumers.

Just 6% of advisers believe the current regulatory environment is having a positive impact on their ability to offer advice, according to a survey of more than 500 intermediaries.

HSBC is preparing its first sale of sub-prime loans since the height of the financial crash, as Britain's largest bank begins to off-load more than $40bn (£25bn) of toxic US debt it still holds on its books.

Up to two million people are to have their credit files secretly checked under a crackdown on tax evasion to be unveiled by George Osborne to help raise another £10 billion.