Money


Public sector wasting £25bn a year

Chancellor Alistair Darling is looking for ways to halve Britain’s record 178 billion pounds deficit

2:32am Friday 19th March 2010

The public sector is wasting at least £25 billion of taxpayers' money a year because of a failure to reform outdated procurement and outsourcing practices, a report has claimed.

Councils 'missing housing targets'

Councils are failing to meet affordable housing targets, Shelter said

12:11am Friday 19th March 2010

Around 98% of councils have failed to provide the affordable housing needed in their area, a charity said.

Student loans at risk of new delays

England's student loans and grants system is at substantial risk of being hit by delays again

12:47am Friday 19th March 2010

England's student loans and grants system is at "substantial" risk of being hit by delays again this year, a damning report has warned.

Petrol soars 4p ahead of tax hike

Average petrol prices have risen 4p a litre in the last four weeks

12:11am Friday 19th March 2010

Average petrol prices have risen 4p a litre in the last four weeks, taking them to the highest level since July 2008, the AA said.

Identity theft 'increases by 20%'

Identity theft soared by 20 per cent as fraudsters targeted less well-off consumers, claims report

12:47am Friday 19th March 2010

Identity theft soared by 20% during 2009 as fraudsters increasingly targeted less well-off consumers, a report has claimed.

Claims management firm suspended

The Ministry of Justice, which is led by Jack Straw, has suspended Cartel Client Review

5:20pm Thursday 18th March 2010

A claims management firm was suspended, leaving in limbo thousands of people who had paid it fees in the hope of having their debts written off.

Mandelson and Clarke lock horns

Lord Mandelson has debated with Ken Clarke over the future of the economy

4:17pm Thursday 18th March 2010

Political heavyweights Ken Clarke and Lord Mandelson have traded political blows and personal barbs during a fiery business debate.

MBNA to drop credit card cheques

MBNA plans to stop issuing controversial credit card cheques

1:05pm Thursday 18th March 2010

Credit card giant MBNA has announced plans to stop issuing controversial credit card cheques.

Mortgage lending edges up

Lending during February was still the second lowest since February 2000

10:44am Thursday 18th March 2010

Mortgage lending edged higher in February after diving by a third during the previous month, figures have shown.

RBS unveils new bonus schedule

Royal Bank of Scotland has revealed details of a long-term incentive plan

10:24am Thursday 18th March 2010

Part-nationalised Royal Bank of Scotland has unveiled new bonus plans for bosses which could see chief executive Stephen Hester reap as much as £4.8 million in shares.


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