Financial services will plug UK spending - papers 16th July

Responding to criticism from backbench MPs - that his budget arithmetic does not add up - the chancellor insisted the recovery in the financial markets would help the Treasury to keep to its tough fiscal rules over the coming years. "Income tax revenues are rising because bonuses are returning to the City," Brown told the Commons Treasury select committee. BANKS may now be becoming too heavy-handed in their crackdown on money laundering, John Tiner yesterday said, says this morning’s Scotsman newspaper, even though it has been suggested in recent months some banks have been reprimande...