News

Taxes will be increased on expensive houses, allowing the government to fulfil its longer-term promise to scrap the 50p top income tax rate, Nick Clegg has said.

Renewed fears over efforts to cool Japan's nuclear reactors have lead to a sluggish start to the week for European markets.

A group of investors seeking to recoup £2bn of share value lost when Lloyds TSB merged with HBOS have accused Lord Mandelson of withholding evidence which could have stopped the flawed deal.

The FOS must make a final decision on the level of its reserves this month, as firms' continued refusal to pay fees linked to payment protection insurance (PPI) cases look set to exhaust funds and force levies to rise by as much as 25%.

KPMG, PwC, Deloitte and Ernst & Young have offered to reform the way they operate ahead of what is expected to be a highly critical report on their role in the financial crisis and lack of competition in the sector.

GDP figures for Q4 2010 have been revised up to 3.1% from the 2.8% forecast last month, helped by a rise in consumer spending and businesses restocking their inventories.

The US Securities and Exchange Commission (SEC) has granted iShares exemptive relief to launch actively-managed ETFs.

Legal & General has launched a new administration system for the Group Protection market.

The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.

Ever wondered what an accountant would sing about if you gave him the chance? No, neither had we.