The Financial Services Authority (FSA) has restarted its review of Financial Services Compensation Scheme (FSCS) funding, with a view to formally consult in the first half of 2012.

Financial services will cut a further 8,000 jobs over the next three months, as the sector struggles under increasingly negative future prospects, according to a survey out today.

Chancellor George Osborne will extend the council tax freeze for another year in a bid to help ease the financial burden on households, it will be announced today.

Andrew Tyrie, the chairman of the Commons Treasury select committee, has criticised the government's long-term economic policies as "inconsistent and incoherent" and said other key parts of strategy were contradictory, and at best irrelevant.

David Child has taken over the role of Lifesearch managing director from Tom Baigrie, who moves to become chief executive of the company.

A draft copy of the European MiFiD financial services reforms has singled out independent firms for the ban on commission, but stops short of confirming the rules will also apply to other advisers.

Germany's parliament has voted by a large majority in favour of supporting a more powerful fund to bail out troubled eurozone economies.

Keydata founder Stewart Ford has issued a formal notice that he will sue KPMG's Eric Collard, the administrator of the Lifemark portfolio, if Collard fails to secure a $150m loan facility offer to save Lifemark.

Private equity firms and businesses deemed to be "asset strippers" will face higher taxes under a Labour government, Ed Miliband will warn today, under plans to judge firms on how they make money.

The European Commission is pushing for tough rules that would force the world's biggest accountancy firms to abandon their consultancy businesses and share audit work with smaller rivals.