Economics / Markets

Economic output per person in the UK will not recover to its pre-crisis peak until 2018, according to the National Institute of Economic and Social Research (NIESR).

The Chancellor has insisted Royal Bank of Scotland (RBS) bankers, not the taxpayer, must pay the fines handed out over the LIBOR fixing scandal.

The Honister Capital administrator, Grant Thornton, has assured creditors that the 112 complaints it has received since the advisory firm went into administration will be dealt with by the Financial Services Compensation Scheme (FSCS).

The UK's leading share index pulled back from multi-year highs Monday following a surge last week, as investors took profits from winning shares.

National advisory group Perspective has set up a new operational board and promoted several key individuals.

FIVE THINGS

True Potential has increased its 2012 pre-tax profit by 57% year on year, from £2.3m to £3.6m.

Big banks will be forcibly broken up if they fail to heed new rules to ring-fence their investment arms from their consumer-facing operations, George Osborne is expected to say on Monday.

Barclays has announced that Chris Lucas, its group finance director, and Mark Harding, the group general counsel, are to retire from the business.

Britain's highest earners are shouldering an increasing share of the UK's income tax burden, as coalition government policies take more people out of paying the tax, according to figures released by HMRC.