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.
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.
Help for firms is “poorly communicated and confusing”, MPs have warned.
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
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).
An investigation has been launched as to whether there is sufficient competition in the investment and corporate banking sectors.
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.
Employers with fewer than 50 staff will no longer be exempt from penalties in filing delayed PAYE information.
The UK’s economic growth forecast for this year has been upgraded by the Confederation of British Industry (CBI), the business lobby group.
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.