FSA under more fire over Equitable Life - papers 25 July

The FT writes today that Equitable Life policyholders have accused the FSA of failing to monitor the mutual's bonus rate policy properly. This is a new line of attack on the principal city regulator, whose role in the collapse of Equitable is already under heavy scrutiny. The Times leads with a report that people whose homes have soared in value over the last decade face big increases in their council tax bills, under a revaluation that will coincide with the next general election. Tony Blair could face a pre-election backlash from the middle classes under the revamp, which could incl...