Economics / Markets

Nick Clegg is urging the Conservatives to back a "wealth tax" ahead of the Liberal Democrats' annual conference in Brighton.

Advisory firms' focus on higher net worth clientele following the Retail Distribution Review (RDR) will leave more room in the mass market for companies such as Towergate Financial, its chief executive said.

Bank of England governor Mervyn King has called the end of the recession in the UK and pointed to signs of growth returning to the economy.

Wealth adviser Towry has completed a £47.3m refinancing package with lenders Macquarie and Royal Bank of Scotland, in order to streamline the business ahead of a possible IPO.

Investec Asset Management managing director David Aird on the risks of ‘off-the-shelf' risk-rated funds...

Capital Economics has predicted the UK's base rate could be cut imminently after the latest minutes from the Monetary Policy Committee (MPC) showed members were considering further stimulus measures.

Consumer body Which? has called for ‘desperately needed' reforms of the banking sector following research indicating widespread lack of trust among consumers.

Some British pensioners, as well as investors in index-linked gilts, face lower returns if proposals to align the retail prices index (RPI) measure of inflation with the consumer prices index (CPI) are approved.

The former UBS trader accused of losing the bank more than $2bn in unauthorised trades owed money to eight payday loan firms when he was arrested last year, a court heard yesterday.

Investors are being forced to take on more risk as inflation continues to stay above the Bank of England's 2% target, experts said.