Economics / Markets

Banks will be subjected to a one-off levy of 50% on any bonuses above £25,000.

The upcoming reversal of the UK's emergency VAT cut could spark a collapse in New Year retail sales and ultimately derail the nation's economic recovery, M&G retail fixed income head Jim Leaviss says.

Schroders chief economist Keith Wade has warned Alistair Darling not to attempt to rein in the UK's burgeoning budget deficit too early, believing the UK economy is still "fragile".

Chancellor Alistair Darling is expected to delay the introduction of Personal Accounts for a year as part of spending cuts in the Pre-Budget Report.

UK GDP grew in the three months to November to edge the country out of recession, forecasts by the National Institute of Economic and Social Research (NIESR) suggest.

Merchant Securities, the financial services group which earlier this year acquired IFA Cavendish Young, has reported an underlying profit before tax of £289,471 for the six months to 30 September, compared to a loss of £581,575 during the same period...

London trading got off to a shaky start this morning after the Fed warned of a fragile recovery in the US.

Business leaders have warned of potential economic relapse and the threat posed by the soaring deficit as the Chancellor prepares his pre-budget report, reports the Independent.

Global shares rise after better-than-expected US jobs data revives confidence in the worldwide economic recovery.

Interactive Financial Adviser