Cyprus Bailout: Stock Markets Take Tumble

Cyprus Bailout Will Leave A Lasting Scar Updated: 10:57am UK, Monday 18 March 2013 By Ed Conway, Economics Editor Banking is a confidence trick. The modern financial system – fractional reserve banking as it's technically called – relies on the...

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'Mumpreneurs' Could Be Lifeline To Recovery

By Poppy Trowbridge, Business and Economics Correspondent Companies run by mothers contribute around £7bn a year to the economy but there are calls for the Chancellor to introduce measures to make it easier to start a business from home. It has...

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Clegg Launches £1bn Aerospace Pledge

By Mark Kleinman, City Editor The Government will next week commit hundreds of millions of pounds of public money to Britain's aerospace industry as it attempts to accelerate the rebalancing of the flagging economy. I understand that Nick Clegg,...

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Osborne Fast-Tracks Pension And Care Reforms

Chancellor George Osborne is bringing forward the introduction of a new, simple state pensions system and a cap on the cost of social care. Ahead of his Budget on Wednesday, Mr Osborne announced that the single-tier pension would be introduced in 2016...

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Lloyds Paid 30 Staff £1m Last Year

By Mark Kleinman, City Editor The state-backed lender Lloyds Banking Group paid dozens of staff more than a million pounds last year, taking the number of UK-based bankers earning seven-figure sums to more than 750. I understand that Lloyds will...

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HMRC Tax Helpline Is 'Disgraceful', MPs Say

A "disgraceful" tax helpline run by HM Revenue and Customs (HMRC) costs callers £136m a year through delays in answering calls, a spending watchdog has said. The Commons Public Accounts Committee found a quarter of the 79 million annual calls to the...

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Budget: Chancellor 'To Overborrow By £8bn'

The Chancellor will be forced to reveal a downgraded growth forecast and a £8bn borrowing overshoot in this week's Budget, it has been predicted. The Ernst & Young Item Club said the Office for Budget Responsibility (OBR) was likely to slash its...

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M&S Shares Surge Amid Takeover Talk

Shares in Marks & Spencer have risen by up to 8% on the FTSE 100, amid speculation it is being stalked by Middle Eastern investors. M&S, which has been no stranger to bid talk in recent months, has so far refused to comment on a report that...

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Drugs Firm AstraZeneca To Cut 700 UK Jobs

AstraZeneca is to cut 700 jobs in the UK as part of a restructuring, partly aimed at saving costs. The pharmaceuticals firm, which employs 6,700 people in the UK, said it wanted to implement the changes over the next three years. While it planned to...

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Cyprus Bailout: Savings Shift Amid Russia Offer

Cyprus has ordered its banks to stay shut until Thursday as the government seeks to alter the terms of a controversial EU bailout that taxes savings. The uncertainty comes as Russia's finance minister said his country would consider restructuring its...

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