September 29, 2011

Energy bill hikes will speed up inflation rate

by Kay Mitchell

According to Spencer Dale, the Bank of England’s chief economist, UK inflation is set to accelerate due to soaring energy bills. The latest figures from the Office for National Statistics (ONS) revealed UK Consumer Price Inflation (CPI) rose to annual rate of 4.5% in August from July’s rate of 4.4% – more than double the […]




September 12, 2011

ICB final report recommends ring-fencing

by Kay Mitchell

The Independent Commission on Banking’s (ICB) final report has been published today and is recommending that UK banks should ring-fence their retail banking operations. According to the report, ring-fencing would protect banks from riskier investment banking divisions and would “make it easier and less costly to resolve banks that get into trouble”. The ICB, which […]




June 18, 2010

Business group urges Chancellor not to raise taxes in next week’s budget

by Kay Mitchell

Chancellor George Osborne will unveil his emergency budget next week and tax hikes are expected. However, according to business group, the British Chambers of Commerce (BCC), “punishing” tax rises could hit economic growth. A rise in capital gains tax (CGT) is expected. This is the levy firms or individuals pay on the profit gained from […]




March 25, 2010

Gmail introduces suspicious activity warning

by Darren Allan

Google’s webmail service has just introduced a measure it hopes will help alert users whose Gmail accounts have been compromised and accessed by others. Currently, there’s a small notification right at the bottom of the page, underneath the inbox, which tells you when and where your email account was last accessed (“10 minutes ago on […]