UK government offers GM Europe £270 million loan guarantee
In an about turn, the UK government has today revealed it will provide GM Europe with a £270 million loan guarantee in order to secure the company's operations in the UK. The move has come as something of a surprise after various similar proposals by other companies were turned down by the UK ...
Publ.Date : Fri, 12 Mar 2010 16:52:18 +0000

Manchester City sign £1 billion property development agreement
Manchester City football club, currently under the ownership of Sheikh Mansour, has today announced plans for a £1 billion development of the land around the football club stadium. This is part of a wider development in the Manchester area with co-operation from the Manchester City Council.
Publ.Date : Fri, 12 Mar 2010 09:44:51 +0000

House of Lords to offer amendments to Digital Economy Bill
After weeks and months of speculation and concern regarding the Digital Economy Bill it has been revealed that the House of Lords is looking to offer some amendments regarding antipiracy legislation. The UK government is desperately trying to push through the Digital Economy Bill before the ...
Publ.Date : Fri, 12 Mar 2010 16:51:53 +0000

FSA to stamp down upon mis-selling scandals
The FSA (Financial Services Authority) has today confirmed that new financial products entering the UK market in the future will be susceptible to more scrutiny than ever before. In a move which is aimed at reducing the number of mis-selling scandals further down the line, the FSA will become ...
Publ.Date : Fri, 12 Mar 2010 13:47:50 +0000

Report into Lehman Bros collapse criticises management
In what many believe was a defining moment of the credit crunch and worldwide recession the collapse of Lehman Bros has been reinvestigated by a number of authorities around the world. A report issued today suggests that the management and senior executives of Lehman Bros together with ...
Publ.Date : Fri, 12 Mar 2010 09:44:29 +0000

UK expenses investigation reaches court
Yesterday saw three Labour MPs and a Conservative Peer appearing in a UK court amid allegations of expenses fraud. Elliot Morley, David Chaytor, Jim Devine and Lord Hanningfield are each accused of various offences surrounding their expense claims in the past. While it is unclear as to ...
Publ.Date : Fri, 12 Mar 2010 16:51:25 +0000

British Airways faces seven days of strikes
After the collapse of last-minute negotiations with the Unite union it has been revealed that seven days of strikes have been planned for March. The first of the strikes by the company’s 13,500 cabin crews will take place on 20 March, lasting three days, with a second strike on 27 March ...
Publ.Date : Fri, 12 Mar 2010 13:46:52 +0000

Ex-Cazenove partner found guilty of insider trading
Malcolm Calvert, who worked his way up from the post room at Cazenove to become a partner in the business, is today starting a 21 month prison sentence after being found guilty on five counts of insider trading. He was found not guilty on a further seven counts brought by the Financial ...
Publ.Date : Fri, 12 Mar 2010 09:45:34 +0000

Banking giant Brian Pitman dies
Banking giant Brian Pitman has today died of a heart attack leaving behind many memories for those associated with the former head of Lloyds bank and of late the chairman of Virgin Money. After suffering a heart attack on Tuesday he died in hospital on Thursday morning with many of his former ...
Publ.Date : Thu, 11 Mar 2010 23:07:29 +0000

Why is the MPs expenses saga still running?
On the same day that three MPs and a Peer appeared in the City of Westminster Magistrates Court it was revealed that many other MPs are being forced to pay back but a fraction of their alleged "unlawful expenses claims". Despite the fact that David Cameron, Nick Clegg and Gordon Brown all ...
Publ.Date : Fri, 12 Mar 2010 16:51:00 +0000

Public sector pension schemes are growing
It has been revealed that the U.K.'s four largest public sector pension schemes saw a 56% increase in employee contributions between 1999/2000 and 2008/09. While this would appear to be a good move on behalf of taxpayers, in reality the vast majority of the extra income was created by a large ...
Publ.Date : Fri, 12 Mar 2010 09:46:13 +0000

U.K. authorities planning high-speed rail network
The UK government has today issued plans for a £30 billion high-speed rail link in the UK with work set to begin in the autumn. This will provide the UK with the fastest rail network in Europe and create up to 10,000 jobs over the lifetime of the project. The program will be completed in ...
Publ.Date : Thu, 11 Mar 2010 23:08:25 +0000

Mortgage activity collapses in January
Despite high hopes that the UK property sector was indeed returning to growth, these hopes were dashed in January with news of a 49% reduction in the number of home loans issued in the UK. It would appear that the stamp duty holiday introduced by the government in 2009, which ended in ...
Publ.Date : Fri, 12 Mar 2010 13:47:22 +0000

Supermarket egg fraudster uncovered
Keith Owen, a former provider of free range eggs to the UK supermarket industry, has today been convicted of fraud and sentenced to jail. His crime was to sell eggs from his battery hens as free range, a fraud which took in the likes of Sainsbury's and Tesco. It is believed that the ...
Publ.Date : Thu, 11 Mar 2010 23:08:00 +0000

Is a weak pound really so bad for the UK economy?
As the UK currency comes under further pressure on international money markets, with many experts expecting further pressure in the short to medium term, many are asking if a weak pound is really so bad for the UK economy?
Publ.Date : Fri, 12 Mar 2010 13:48:12 +0000