UK banks pass recession stress tests
UK banks have passed Bank of England (BoE) stress tests in order to prove that they have the financial strength to survive if another recession occurs.
UK banks have passed Bank of England (BoE) stress tests in order to prove that they have the financial strength to survive if another recession occurs.
Companies who are found guilty of financial misconduct are being served with more fines than ever before, with a 271 per cent increase in penalties over the last 24 months.
New systems will make it almost impossible to hide money in other countries, officials from HM Revenue & Customs (HMRC) have said.
Following his decision to scrap planned changes to tax credits, Chancellor George Osborne has stated that other steps will have to be taken in order to eradicate the budget deficit before the next election.
Taxing meat in order to improve public health and tackle climate change would not leave the unwelcome taste in people’s mouths the Government thinks, a leading international think tank has claimed.
According to the Treasury, millions of pensioners can expect to see their spending power boosted to its highest level for 25 years.
The Treasury has been accused of underestimating how much of an impact planned cuts to welfare and central Government department budgets will have on the economy.
Shadow Chancellor John McDonnell has outlined his case for a “new economics” ahead of next week’s Spending Review.
According to recent research from Sage, UK workers have been responsible for adding an extra £240 billion to the economy from the overtime hours they have worked.
More than 55,000 small and medium businesses (SMEs), employing up to one million people across the UK, have taken advantage of a Government scheme to boost their broadband connectivity, new figures show.
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