News from Business
Doctors, nurses, teachers and local government staff will see the income from their 'gold-plated' public sector pensions slashed by more than a THIRD under the Government's reform plans.Some four million public sector workers will see their retirement in
Following the example set by the residents of Sinclair Meadows would be a tall order for most of us. In case you hadn't heard, the eco-credentials of this housing development in South Shields are second to none. Britain's first carbon negative social hou
The island's 17.5 billion euro economy faced risks from the uncertain impact of the crisis in its banking sector and the possibility that its economic contraction could be deeper than projected, the IMF said in a staff report. "Given substantial...
Google faced angry questions on Thursday from MPs investigating its tax affairs over whether it had misled parliament in testimony last year, adding fuel to a debate on taxation that has risen to the top of Britain's political agenda. Google's Northern E
The creation of a high-speed rail line from London to the north of England will produce quantifiable benefits to society, the government believes. It has put this figure at £48.2bn for the whole project - significantly higher than its estimate of the co
Spain has reported its first monthly trade surplus for more than 40 years. Normally seen as a positive development, the surplus actually points to a huge slump in imports, rather than any bounce back in economic activity. The surplus of 634.9m euros ($81
Firms that bombard people with unwanted calls about Payment Protection Insurance (PPI) and other compensation claims will be investigated by the telecoms watchdog.Ofcom today called for wider action to address the problem of nuisance calls. It conducted
Shoppers who buy their groceries online will have a new option by the end of the year after Morrisons today signed a deal with home delivery firm Ocado.The UK's fourth-biggest grocer finally joined the online shopping revolution after its sales in recent
It's been months since a car crashed into my garden, so why won't my insurer Aviva pay for the damage?
A car crashed into my garden fence in January. Aviva gave us a claim number and then they sent a loss adjuster in February to examine the damage.We didn't hear anything for several weeks, and after many calls we were final told to submit two quotes for t
After years of slow economic growth and record low interest rates, UK pension funds have this year for the first time turned to leveraged loans: they now average 2 percent of their total portfolios since the start of 2013, pension consultants say. Buying
12:00 Britain's FTSE 100 index has edged higher in volatile trade today, as demand to buy the index on options expiry day have helped counteract early weakness after central bankers voiced concerns over U.S. monetary easing. Shares on the blue-chip inde
Toscafund, with $1.3 billion of funds open to investment, made its bullish predictions amid signs the UK economy is starting to recover from five years of torpor brought on by the financial crisis, while the euro zone is mired in recession....
A consumer group has described as "shocking" a regulator's report which identified alarming levels of nuisance calls by claims management companies (CMCs). Ofcom said it was planning to formally investigate the industry - best known in...
Four million public sector workers will see a dramatic reduction in the value of their pension schemes, according to a new report. The Pensions Policy Institute (PPI) said members will see a one-third cut in the value of their pensions, as a result of fo
"Welcome to Europe", says the taxi driver as we cross the Bosporus river from one side of Istanbul to the other. But the capital of Turkey could not feel less like many parts of the recession-hit continent. While many European countries have...
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