Coalition ministers clash over Budget plans to keep 50p tax rate and slash relief on pensions of high earners

| February 13, 2012 | 0 Comments

By Tim Shipman and This Is Money Reporters Last updated at 7:58 AM on 13th February 2012 Angry reaction: George Osborne has infuriated Tory MPs by reportedly ruling out tax breaks for married couples in the Budget Middle-income families face a battering in next month’s Budget after the Chancellor ruled out major changes to his […]

Filed Under: Latest Finance News

TAKING STOCK: Ofwat’s price hikes are keeping water companies buoyant

| February 12, 2012 | 0 Comments

By Jon Rees Last updated at 10:18 PM on 11th February 2012 Rising prices are tough on consumers but can be welcome for investors in regulated industries, as this week’s results from Pennon and Severn Trent are likely to bear out. High Streets are suffering and shopkeepers are going under as rent and rates rise […]

Filed Under: Latest Finance News

Chief executive Bob Diamond ‘proud’ of Barclays as bank posts a £5.9bn profit

| February 11, 2012 | 0 Comments

By James Salmon Last updated at 10:23 PM on 10th February 2012 Barclays managed to shake-off a slump in its investment banking arm and a £1bn compensation bill for mis-selling to post a £5.9bn profit. Yesterday it became the first British bank to announce its figures for last year in a curtain raiser for results […]

Filed Under: Latest Finance News

Government to look at tax breaks for hired help in move that could save households thousands each year

| February 10, 2012 | 0 Comments

By Daily Mail Reporter Last updated at 4:00 AM on 10th February 2012 The tax break would benefit anyone who hires help for their house, such as a cleaner Tax breaks for families to employ cleaners, babysitters and gardeners were described as ‘interesting’ by the Prime Minister yesterday. The scheme, which would be aimed at […]

Filed Under: Latest Finance News

THE CITY INTERVIEW: RBS chief Hester admits that job is ‘one of the toughest jobs in the world’.

| February 9, 2012 | 0 Comments

By Ruth Sunderland Last updated at 10:17 PM on 8th February 2012 Paying the price: Stephen Hester admits he has been damaged by the public scrutiny surrounding his bonus As politicians and business figures engaged in a furious war of words about Stephen Hester’s bonus over the past two weeks, the Royal Bank of Scotland […]

Filed Under: Latest Finance News

Sold for £19: British bank customers’ credit card details available on Russian websites

| February 8, 2012 | 0 Comments

By Ruth Lythe Last updated at 7:18 AM on 8th February 2012 Account numbers and passwords of thousands of British bank customers are on sale on Russian websites for as little as £19, Money Mail  can reveal. This trade in our personal details is allowing criminals to snap up vital debit and credit card information […]

Filed Under: Latest Finance News

Tesco’s plan to take on High Street banks on hold as it delays current accounts

| February 7, 2012 | 0 Comments

By James Salmon Last updated at 10:10 PM on 6th February 2012 Every little counts: Tesco had planned to start promoting its current account this year to its 6.5million customers Tesco’s plans to take on the High Street banks have suffered a setback after it was forced to put the introduction of its current account […]

Filed Under: Latest Finance News

British boot and shoemaker Dr Martens put up for sale by R Griggs Group

| February 6, 2012 | 0 Comments

By Daily Mail Reporter Last updated at 9:57 PM on 5th February 2012 British boot and shoemaker Dr Martens has been put up for sale by R Griggs Group, which has owned it for more than 50 years. It could fetch as much as £120m. The firm, which makes fashionable footwear in the style of […]

Filed Under: Latest Finance News

Supermarket giant Tesco uses another name to sell through online retailer Amazon

| February 5, 2012 | 0 Comments

By Helen Loveless Last updated at 9:46 PM on 4th February 2012 Tesco is being forced to bow to the power of Amazon and undercut its own website prices in order to compete in the online marketplace. Under a new policy of disclosure by Amazon, the supermarket giant has been revealed as the ultimate seller […]

Filed Under: Latest Finance News

Strip Sir James Crosby of knighthood, says HBOS whistleblower

| February 4, 2012 | 0 Comments

By James Salmon Last updated at 9:31 PM on 3rd February 2012 The whistleblower who exposed irresponsible lending at HBOS that led to its near collapse has called for former boss Sir James Crosby to be stripped of his knighthood. Despite his role in the downfall of the bank, Crosby is hauling in nearly £1.2million […]

Filed Under: Latest Finance News
Get Adobe Flash player