Car insurance premiums pushed up by £30 a year because of £2.4m daily bill to cover personal injury claims

| February 23, 2012 | 0 Comments

By Ray Massey Last updated at 8:16 AM on 23rd February 2012 British motorists are paying an astonishing £2.4million a day on their insurance policies to cover legal fees generated by personal injury and whiplash claims, a damning new report revealed yesterday. The hefty £876million a year legal fees paid to lawyers to settle the […]

Filed Under: Latest Finance News

Four former staff of Cameron’s ‘back to work’ tsar arrested in major escalation of fraud inquiry

| February 22, 2012 | 0 Comments

Two men and two women questioned on suspicion of cheating taxpayers A4e could still receive part of new £126m government contract Whistleblower says that employees are being made ‘scapegoats’ By Sam Greenhill and Daniel Martin Last updated at 7:56 AM on 22nd February 2012 Four people have been arrested in the fraud investigation surrounding David […]

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Greece economy crisis: Europe agrees to second £110bn bailout

| February 21, 2012 | 0 Comments

Deal comes after more than 12 hours of talks in Brussels Several countries remain sceptical over whether Greece can deliver cuts Some leaders demanded ‘permanent’ control of Greece’s budget Said it was needed to tackle its huge debts By Jason Groves Last updated at 7:53 AM on 21st February 2012 Eurozone governments have come to […]

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Lloyds to claw back £1m-plus from bonuses in wake of PPI scandal

| February 20, 2012 | 0 Comments

By Ruth Sunderland Last updated at 7:44 AM on 20th February 2012 Clawback: The move is understood to come on the orders of Lloyds chief executive Antonio Horta Osorio (pictured) Lloyds Banking Group is to be the first bank to strip executives of part of their bonuses since the start of the financial crisis. The […]

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Lloyds and RBS pay price for payment protection insurance scandal

| February 19, 2012 | 0 Comments

By Simon Watkins Last updated at 9:14 PM on 18th February 2012 Britain’s State-owned banks plunged into the red in 2011 after paying out millions of pounds in compensation to customers for mis-sold payment protection insurance while battling to offload the remains of their toxic past. Royal Bank of Scotland and Lloyds Banking Group report […]

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Upbeat Anglo American is prepared to go it alone as an independent company

| February 18, 2012 | 0 Comments

By Roger Baird Last updated at 9:56 PM on 17th February 2012 Confident: Anglo chief Cynthia Carroll Anglo American chief executive Cynthia Carroll insisted the miner has the firepower to grow as an independent company despite sweeping consolidation across the industry. Carroll posted upbeat annual profits and said Anglo is not a sitting duck for […]

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Tesco in row over advert for unpaid workers as it claims ‘expenses plus benefits’ offer was a mistake

| February 17, 2012 | 0 Comments

Supermarket blame ‘IT error’ for the blunder Campaigners accuse supermarket of cashing in on people’s misery By Daily Mail Reporter Last updated at 6:58 AM on 17th February 2012 Tesco was accused of exploiting the jobless yesterday after advertising for unpaid nightshift workers. A vacancy appeared online for the ‘permanent’ role stating that the applicant […]

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Bank of England chief King slams ‘market failure’ in banking that has seen loans to firms fall £83bn since 2008

| February 16, 2012 | 0 Comments

By Hugo Duncan Last updated at 7:55 AM on 16th February 2012 The full scale of how the banks are still failing to lend to Britain’s desperate small firms emerged yesterday. Despite a series of public promises from senior ministers and bank officials, lending to business has tumbled in every single quarter of the past […]

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Bank of England’s plea to Osborne after credit downgrade warning

| February 15, 2012 | 0 Comments

Sir Mervyn admits ‘limits’ to what printing more money will achieve But relief as inflation falls from 4.2% to 3.6% George Osborne hints he will cut corporation tax again in budget to encourage growth and job creation By Tim Shipman Last updated at 12:46 AM on 15th February 2012 Warning: Sir Mervyn King said in […]

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Britain ‘at risk of losing its gold-plated AAA credit rating’ because of Eurozone crisis and poor growth’

| February 14, 2012 | 0 Comments

UK put on ‘negative outlook’ and has one in three change of downgrade in next 18 months But good news as Credit rating agency back George Osborne’s austerity drive Italy, Portugal and Spain all have ratings downgraded By Tim Shipman Last updated at 1:35 AM on 14th February 2012 Downgrade: George Osborne’s austerity programme was […]

Filed Under: Latest Finance News
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