HSBC bosses apologise for tax scandal

The two top HSBC bosses have rejected calls for them to quit over the bank’s Swiss tax scandal, but said they were cleaning up after a “terrible list” of control and compliance failings.

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International think-tank congratulates Britain on economic recovery

The Organisation for Economic Co-operation and Development (OECD) has urged Britain to continue with its austerity measures in order to remain one of the fastest growing economies in the developed world.

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Alphabet soup of business support is still “too complex”

Help for firms is “poorly communicated and confusing”, MPs have warned.

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Bank of England policymaker warns that low interest rates could threaten UK economy

Kristin Forbes, a member of the Bank of England’s Monetary Policy Committee (MPC), has claimed that if low interest rates continue they could threaten to slow growth of productivity and make it more difficult for the bank to quickly respond

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Investing in Enterprise Investment Schemes can be beneficial for high earners

High earners looking for tax-efficient investments, who have already saved the maximum Isa amount (£15,000) and reached the £40,000 tax-free annual pension allowance, have other options available that will not incur scrutiny from HM Revenue & Customs (HMRC).

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FCA launches investigation into investment and corporate banking sectors

An investigation has been launched as to whether there is sufficient competition in the investment and corporate banking sectors.

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Fingerprint technology set to revolutionise bank account access

RBS and NatWest, two of the UK’s largest high street banks, are to allow customers with an iPhone 5s, 6 and 6 Plus to access their accounts via the fingerprint recognition function available on their devices.

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Small firms now face late PAYE information penalties

Employers with fewer than 50 staff will no longer be exempt from penalties in filing delayed PAYE information.

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UK growth forecast upgraded by CBI as prices continue to fall

The UK’s economic growth forecast for this year has been upgraded by the Confederation of British Industry (CBI), the business lobby group.

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Businesses urged to submit appeals against business rates before 1st April 2015

Businesses in England are being urged to submit a valid rates appeal before the Government’s deadline of 31st March 2015 for backdated revaluation claims (for commercial properties) has passed.

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