Category: News Wire

New website from Essex based Ixion offers a new way for businesses and individuals to help people who are unemployed across London, Essex, East Anglia and Cambridgeshire.

Sir Mervyn King has said – in a rare admission – that the Bank of England failed to do enough to warn about the risks building up in the banking sector ahead of the financial crisis.

The European Commission is preparing a major shift in economic strategy, fearing that excessive fiscal tightening will inflict unnecessary damage on a string of eurozone countries.

Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.

Barclays is set to announce profits for the first three months of the year of £2bn this week as it attempts to convince investors its financial performance merits the £17.7m compensation package it has controversially awarded chief executive, Bob Diamond.

Bob Diamond’s tax bill is just the tip of the iceberg.

Employers could be made to pay Revenue & Customs in order to trade after the taxman was awarded new powers last week.

Barclays chief executive Bob Diamond should not get any bonus at all, according to a shareholders advisory group.

More money printing by the Bank of England could hurt Britain’s recovery by pushing up the cost of Government borrowing, the head of the Debt Management Office (DMO) has warned.

The rising cost of stamps is set to add millions of pounds to the cost of sending cheques in the post as it becomes the more expensive payment option.

10,000 small business merchants take their ads to Twitter this week.