The threat of a stock market crash has risen to a "one in three" chance, the chief executive of the respected Centre for Economics and Business Research has warned.
Douglas McWilliams said: "The signals seem to be building up for some kind of market crash - shares and many bonds are already down significantly from their recent peaks. At the beginning of this year we gave one-in-five odds on a UK double-dip. The chances now are about one-in-three." MORE
The government will detail how children without child trust funds (CTFs) will qualify for the new tax free Junior ISA accounts being launched in November in regulations expected next week. But those born between September 2002 and December 2010 won't qualify. MORE
Banks and other financial companies paid out an unchanged £14bn in bonuses last year despite the government's Project Merlin deal with the big banks to show restraint on the payouts.
Financial and insurance bonuses made up 40% of the total £35bn paid in UK bonuses in 2010-11, Office for National Statistics figures showed.The average financial-sector bonus was £12,500, compared with £1,670 for the whole private sector and £180 for public-sector workers. MORE
Shares in News Corporation recovered ground after Rupert and James Murdoch's appearance in front of a committee of British MPs. News Corp shares closed up 5.5% in New York and rose 5% in Sydney. MORE
A proposal to tax eurozone banks to help pay for a Greek rescue has emerged as the possible central pillar of a new bail-out programme, according to officials involved in negotiations ahead of an emergency European summit on Thursday. MORE
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