One In Five 'Paid Less Than Living Wage'

Nearly five millions British workers are being paid less that what is required for a basic standard of living, according to a new study. It found 4.82 million people are being paid below the Living Wage, a pay packet which enables the basic standard...

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Tearful 'Rogue Trader' Tells Of UBS Losses

A trader accused of Britain's biggest fraud was allegedly trying to cover millions of pounds worth of losses incurred during the financial crisis for the bank he called his "family", a court has heard. Kweku Adoboli, 32, is accused of gambling away...

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Victory For Man Who Took Cold Caller To Court

A businessman plagued by nuisance phone calls offering compensation for Payment Protection Insurance has secured £220 in an out-of-court settlement. Richard Herman, 53, was so fed up with the unwanted calls arriving from India, he decided to take matters...

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Exclusive: Lords Unite In Newspaper Deal

By Mark Kleinman, City Editor One of the City's most influential investors is to back an audacious attempt to consolidate Britain's flagging regional newspaper sector by merging the business interests of Lord Rothermere and Baron Iliffe. I can...

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New Road Tax Plan For Motorways And A-Roads

Drivers who use motorways could be charged a higher rate of road tax than those who stick to slower routes. According to reports, motorists face a two-tier road tax under proposals being considered by the Government. It has been suggested drivers could...

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Penguin Books Owner Pearson Confirms Merger

Pearson, which owns the Financial Times, has agreed to merge its Penguin book division with Bertelsmann's Random House to create the world's leading publisher. The move comes as traditional book publishers are confronted with the threat of concentrated...

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Fuel Duty Cut 'Would Create 70,000 Jobs'

Ministers are being urged to cut fuel duty in a bid to help revive the UK economy, ahead of the next planned rise in the tax. Fuel duty is due to be raised by 3p a litre in January but a study by the National Institute for Economic and Social Research...

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Report: Small Firms In Credit Drought Fear

Bank lending to corporate clients is set to drop to its lowest level for six years despite Government funding, a new study suggests. According to the Ernst & Young ITEM Club, a funding gap for small and medium enterprises (SME) will remain even...

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Barclays Battles Care Home In Mis-Selling Case

Barclays is facing a landmark test case at the High Court over claims it mis-sold complex financial products to a care home operator. It is being brought by Guardian Care Homes (GCH), which says it should never have been sold two interest rate swap...

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Extra Council Spending Powers To Boost Growth

Towns and cities are to be given new powers to keep the tax receipts they collect from businesses to spend on major infrastructure projects to drive economic growth. Ministers have already handed eight cities, including Manchester, Sheffield and Newcastle,...

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