Latest News

Falling unemployment rate likely to be short-lived

The number of unemployed people in the UK has fallen by 34,000 to 2.47 million in the three months to May, although this is likely to be short-lived due to upcoming public sector cuts.

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Inflation dips to 3.2 per cent

The headline rate of inflation fell back further in June largely due to lower petrol and diesel prices. 
 

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Takeover talks mount at BP

All eyes are on embattled oil major BP as speculation mounts over a possible takeover attempt in the wake of the Gulf of Mexico disaster, which has now cost it $3.5 billion.

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The week ahead (12/07 - 16/07/10)

It might be reaching the height of summer, but the corporate calendar is still packing a few punches for investors.

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Final salary scheme members face pension cuts

The government is planning to change how private sector pensions are calculated so that all pension members will ‘share the pain’ of reduced payments in retirement.

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House prices slide again

House prices continued to fall in June wiping out earlier gains made this year. The average house price in the UK is now £166,203, around £2,500 less than the figure at the start of 2010.

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Interest rates held at 0.5 per cent

Interest rates were kept on hold once again in July despite high inflation proving to be a sticky issue for the Monetary Policy Committee (MPC).
 

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Sipp charges fall by 11 per cent

Self-invested personal pension fees for most fund sizes have fallen by up to 11 per cent over the past three years.

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Public sector pensions 'need radical reform'

Public sector pensions are in need of urgent reform and are twice as valuable than originally thought, the Public Sector Pensions Commission has revealed.

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BP enters talks in Middle East

BP's embattled chief executive Tony Hayward has flown to Abu Dhabi to meet with business partners just days after speculation the firm is seeking investment partners in the region as it battles rocketing clean-up costs.

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Where next for stock markets?

Investors have had a tough time reading the markets of late with the volatility of recent weeks sweeping many off their feet.

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Annual living costs rise to £14,400

A single person now needs a minimum yearly income of £14,400 (before tax) to afford an acceptable standard of living, says the Joseph Rowntree Foundation (JRF).

A couple with two children, require £29,200 per year.

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