Papers

GORDON Brown will be forced to raise taxes by at least £10bn to tackle a persistent deterioration in the public finances, according to a leading forecasting institute, say this morning's papers.

HSBC is to lead the retail banking sector into sharing personal customer data with competitors to help stop consumers getting into debt.

People do not believe government warnings on pensions and are unlikely to agree to keep working longer, according to a new report covered by The Times.

FSA chairman Callum McCarthy's diatribe, against European legislation affecting the way financial products may be marketed across borders, hits the pages of most newspapers.

Publication yesterday of minutes from the last Monetary Policy Committee meeting suggests UK interest rates will be heading down sooner rather than later, the FT writes.

Trustees of pension schemes are fleeing tough new rules, while the new pension regulator has been sharply criticised by one of the country's biggest pension funds, today's papers report.

Equitable Life has cut its claim against Ernst & Young to "just" £700m from £2.05bn in the ongoing legal case against its former auditor, the Daily Telegraph writes.

APPROXIMATELY 200,000 investors in M&G unit trusts will soon see annual management fees jump by 50%, says this morning's Daily Telegraph .

An IHT squeeze is being announced in the Commons today as Revenue & Customs looks for more ways to uncover undeclared and undervalued assets, reports The Daily Telegraph.

Members of the Monetary Policy Committee start their latest meeting today facing calls for a rate cut to offset falling high steet sales.