Economics / Markets

A former Honister Partners adviser charged with evading tax was sentenced to 18 month's imprisonment today following a case brought by Her Majesty's Revenue & Customs (HMRC).

People who engage in risky activities in the financial services sector should be forced to take on unlimited personal liability as a deterrent to bad practice, according to the boss of Hermes.

Aviva is to reduce its staff numbers by 2,000 over the next six months - a 6% reduction of the global workforce.

A growing trend towards excessive risk-taking and lack of action to repair broken bank balance sheets could trigger a "chronic" new phase in the financial crisis, the International Monetary fund has warned.

Apple shares have hit their lowest levels in a year and half, after a supplier hinted at a slowdown in iPhone and iPad production.

GOSLING'S GROUSE

Mervyn King, the outgoing governor of the Bank of England, has warned central banks risk becoming more politicised as a result of their efforts to tackle the banking crisis and subsequent recessions.

A new academic paper suggests an influential study used to argue the case for austerity contains a number of flaws - including a simple Excel spreadsheet error.

Hedge fund supremo John Paulson has reportedly lost almost $1bn of his personal wealth since the end of last week after the price of gold crashed.

George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.