Extra capital for UK banks. How not paying tax helps
As Britain’s banks “pad up” their capital ratios, Economics Editor explores if RBS, bailed out by the taxpayer, should be able to use its losses to not pay tax?
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As Britain’s banks “pad up” their capital ratios, Economics Editor explores if RBS, bailed out by the taxpayer, should be able to use its losses to not pay tax?
Leaks from the banking commission’s report into the majority state-owned RBS show that a clear split is emerging – not with regard to RBS, but inside the commission itself.
The economy may be struggling, but the stock market is booming. Should we be throwing our hats in the air or worrying about a crash?
It’s the centrepiece of the government’s plans to get the economy going after three years of meagre growth.
With the news that Winston Churchill will grace the five pound note from 2016, Channel 4 News asks who should appear on British bank notes?
Regulators say Britain’s banks must take action to ensure they can cope with the extra costs they face because of bad debts, mis-selling and the eurozone crisis.
The government’s borrowing about £56bn more than it thought it would as recently as December’s Autumn statement.
Figures showing a shock fall in manufacturing activity last month fuel fears that Britain is heading for a triple-dip recession.
Even with some fiscal hocus pocus that gives the Treasury an extra £3.8bn, government borrowing in the year to date is still worse than this time last year. And that should worry the chancellor.
After some less than cheery figures showing a slight fall in hourly wages in the past decade, the departing Bank of England governor heaps more pressure on David Cameron.
With the words “flexible inflation target” peppering his Treasury select committee hearing, new Bank of England Governor Mark Carney clearly wants to do more to help Britain’s contracting economy.
In a wide ranging debate the incoming Bank of England governor says he is open to changing UK monetary policy, but that he favours flexible inflation targets – and defends his £800,000 pay packet.
Great things are expected of Canada’s Mark Carney, the new Bank of England governor. But questions are now being asked about the health of the economy he leaves behind.
The UK economy contracted by 0.3 per cent in the final quarter of 2012, according to official figures, increasing the likelihood of an unprecedented triple-dip recession.
From the euro crisis to Facebook’s IPO, Spain’s banks and the fiscal cliff, 2012 was bursting with business news – even knocking the royal baby off the front pages (on occasion). Here’s the countdown.