The FT writes that the National Health Service is to receive an unprecedented five-year settlem...
The FT writes that the National Health Service is to receive an unprecedented five-year settlement in Wednesday's Budget which is likely to boost NHS spending by about 40 per cent in real terms over the years until April 2008. The extra cash in Gordon Brown's red box is understood to involve annual increases of about 7 per cent in real terms over the next five years - the equivalent of about £25bn in today's prices.
The FT also says Equitable Life has claimed it could have been sold for £2.9bn ($4bn) in 1998 if Ernst & Young, its former auditor, had advised properly the troubled mutual of the liabilities it was facing because of guaranteed annuity policies.
The Telegraph writes that investment trusts could be brought within the remit of the City watchdog, the Government has said, after tens of thousands of investors have seen their fund values plummet in the split capital trust sector.
The Telegraph also reports that more than 10,000 Norwich Union customers awoke to a nasty shock yesterday when the first batch of the insurer's annual pension statements arrived in the post. Owing to a "technical error", Britain's largest insurance company issued customers with statements informing them that their pension funds were worth nothing or next to nothing.
Clarke replacing Balkham
'Deep-dive analysis of client behaviour'
Ways to mitigate April’s increases
The best equity income funds examined