Treasury

The Association of Private Client Investment Managers and Stockbrokers (APCIMS) has urged the Government to build on its simplification of capital gains tax (CGT) in order to stop penalizing long-term share ownership.

Tensions between the Treasury and the Bank of England mounted yesterday as Mervyn King, the Bank's Governor, abruptly dismissed measures being considered by Alistair Darling to end the mortgage drought, The Times reports.

Measures to revive the dormant housing market by increasing the supply of mortgage lending are being planned by ministers, The Times has learnt.

Three consultation papers focusing on how to enhance the competitiveness of the UK's asset management industry have been announced by the economic secretary to the Treasury, Kitty Ussher MP.

Alistair Darling should reject setting up an American-style mortgage agency as a way to give a long-term boost to the crippled housing market, according to Sir James Crosby, the former chairman of HBOS, The Times reports.

Gary Hoffman, vice chairman of Barclays, has been appointed as chief executive of Northern Rock on a basic salary of £700,000.

Business leaders have welcomed a government climbdown on the taxation of companies' foreign profits, but said that there was still more work to do before both sides could reach an agreement that would pave the way for a new tax policy, The Times reports....

The Government is expected to re-write its own rules on borrowing in order to avoid forcing up taxes, The Telegraph reports.

A damning report into the near-collapse of Equitable Life will highlight failings by government regulators and pave the way for billions of pounds in compensation to be paid out of the public purse, The Telegraph exclusive reveals.

The Treasury has today announced a raft of new measures to help struggling households deal with their financial problems.