Vanni Trebes, chairman of Equitable Life, conceded yesterday that the mutual life assurer had receiv...
Vanni Trebes, chairman of Equitable Life, conceded yesterday that the mutual life assurer had received 'many many complaints' from policyholders, including lots of claims for mis-selling, reports the FT.
The revelations are likely to increase the number of policyholders seeking redress from the life insurer as the society's investors resort to any means possible to restore policies to their previous value.
Public spending growth this year could be the highest in a generation, according to a new analysis by the Institute for Fiscal Studies, writes the FT.
While private demand is expected to slow, the IFS says the Government has the wherewithal to increase public spending this year by more than 10% in cash terms - if it allocates and spends all the money it failed to spend in previous years.
The Confederation of British Industry predicted yesterday Britain will escape recession this year and stage a broadly based recovery in 2002, with even the beleaguered manufacturing sector enjoying a change in fortune.
In an upbeat assessment of UK prospects, the employers' organisation said that a stronger world economy and a weaker pound ought to see manufacturing past its worst before Christmas, despite a fresh tumble in industry confidence.
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