Aviva employees sold customers’ personal details again
British multinational insurance giant, Aviva plc, has written to thousands of customers for the second time in two years, following concerns that employees sold...
Full EU wish-list coming in November, Cameron tells frustrated EU leaders
Despite lots of chest beating about the UK wanting a reformed European Union (EU) that he can then sell to his voters before a promised referendum,...
UK to raise rates sooner than later, says BoE’s Kristin Forbes
Kristin Forbes, an external member of the Bank of England’s Monetary Policy Committee (MPC), believes the UK will raise interest rates ‘sooner rather than...
Treasury scraps ‘reverse burden of proof’ rule for bankers
The UK government has suspended the 'reverse burden of proof' rule for senior managers at banks.
The rule, which many considered a bit excessive, would...
UK banks need £3.3 billion extra capital for ringfencing, BoE warns
The Bank of England warned on Thursday that new ringfencing laws in the UK, set to separate high street banking from riskier investment banking...
Lloyds Banking Group chairman favours Brexit, unless EU reforms occur
There is ‘no compelling economic argument’ for staying within the European Union, said Norman Blackwell (Baron Blackwell or Lord Blackwell), chairman of Lloyds Banking...
UK inflation fell into negative territory in September
UK inflation fell into negative territory in September.
According to the latest official figures, as measured by the Consumer Prices Index, inflation in September dropped...
UK completes privatisation of the Royal Mail
The UK government completed the privatisation of the Royal Mail on Tuesday. It raised £591.1 million from selling its final stake in the business...
Labour MPs furious after fiscal charter U-turn
Labour’s new leaders initially said they would support the government’s fiscal charter. All seemed fine until MPs were told in a stormy meeting that...
Worldpay went public on LSE, raised £2.5billion
Worldpay went public on the London Stock Exchange (LSE) this morning, raising around £2.5billion.
The company, which provides payment services for mail order and Internet retailers,...