'Mummy Tax': Benefit Changes Criticised

By Tadhg Enright, Business Correspondent The new Archbishop of Canterbury has chosen Mother's Day to fire a warning to the Government over planned cuts to welfare. In his first significant intervention since being appointed, the Most Rev Justin...

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Coalition Seeks To Deliver Posties’ Share Plan

The Government is accelerating plans to privatise Royal Mail by canvassing external advisers to run a share scheme that will give the postal operator's 145,000 employees a stake in the company. I have learnt that ministers at the Department for Business,...

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Liam Fox Fuels Tory Divisions Over Economy

Senior Tory Liam Fox has called for a five-year spending freeze to fund tax cuts and help slash the deficit as Conservative tensions continue. Dr Fox, a former defence secretary, brought Tory austerity divisions to the fore in a speech demanding a change...

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Banking Commission: Reforms 'Not Enough'

The Government's plans to fix the UK's banking system do not go far enough, the Parliamentary Commission on Banking Standards has said. The panel - set up following the Libor-fixing scandal - said regulators should have the power to force banks to completely...

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Buyout Giants Get Taste For Ribena

By Mark Kleinman, City Editor Blackstone, the American private equity giant, is among a pack of predators eyeing £1bn-plus bids for Lucozade and Ribena, the soft drinks brands. I have learnt that Blackstone is preparing to make an offer for the...

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Apprenticeships: Cameron's Pledge On Training

David Cameron has pledged to make it the "new norm" for school leavers to take an apprenticeship or go to university. The Prime Minister wants the country to follow Germany's lead where work-based training sits alongside higher education as the automatic...

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City Bankers 'Unhappy' With Level Of Pay

Over half of bankers were not satisfied with their pay last year, according to research by a financial services recruitment firm. Selby Jennings said that 64% of bankers surveyed in London said they were "unhappy with their overall remuneration package."...

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Pound Falls To Another Low Against Dollar

The pound has continued to fall against the dollar, hitting a level last seen in the early days of the Coalition. It fell to $1.4868 on Monday, after slipping below $1.49 for the first time in more than two and a half years on Friday. The last time...

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Canadians Hire Goldman For £6bn Urenco Tilt

By Mark Kleinman, City Editor The Canadian uranium processor Cameco Corp has enlisted the help of Goldman Sachs as it prepares a bid for a substantial stake in Urenco, the state-controlled energy group. I understand that Cameco, one of the world's...

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Budget 2013: Businesses Want 'Radical' Action

Business organisations have called for "radical" measures to boost growth as the UK economy runs the risk of falling back into recession. The Confederation of British Industry (CBI), British Chambers of Commerce (BCC) and EEF have suggested ways for...

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