The latest figures for Britain’s economy have revealed that the recovery rate slowed to 0.3 per cent during the first quarter of 2015, despite experts’ earlier predictions that growth would be 0.5 per cent.
They are the very definition of a public holiday. But the 144 year-old tradition of banks closing to give us all a day off may be on the way out.
According to Bertelsmann Stiftung, a German think tank, an exit from the EU would have a worse impact on Britain than any other EU nation.
HM Revenue and Customs (HMRC) has extended its efforts to inspect the financial status of some of Britain’s wealthiest taxpayers through its “Rising Stars” team, which actively seeks to track their activities.
Germany’s Deutsche Bank has been fined a record $2.5bn (£1.7bn) by UK and US regulators for rigging Libor and Euribor, ordered to fire seven employees and accused of being obstructive towards regulators in their investigations.
A graduate from Sheffield Hallam University who has been served with a £1,300 penalty from HMRC, for submitting a late tax return that was not his responsibility, cannot argue against the charge because of current tax legislation.
With competition to offer current account perks picking up, the big four high street banks are facing increasing pressure.
According to a recent report published by Capita, dividend pay-outs from companies listed in the UK grew at the beginning of 2015, up in the first quarter of the year when compared to results from 12 months ago.
According to EY’s ITEM Club – the only non-governmental forecasting group that uses HM Treasury’s model of the UK economy – political unrest surrounding the upcoming general election will have no impact on Britain’s economic growth.
The head of the International Monetary Fund, Christine Lagarde, has endorsed the UK government’s economic strategy.