Tax Cheats: HMRC Publishes Names and Photos

The names and photographs of last year's top tax cheats have been made public as part of the Government's efforts to crack down on evasion. The 32 criminals have been sentenced to a combined 155 years and 10 months behind bars, HM Revenue and Customs...

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FSA To Sweep Away New Bank Barriers

By Mark Kleinman, City Editor The City regulator will set out proposals later this month to slash capital requirements for new banks as ministers try to ferment fresh competition to the industry's dominant players. I have learned that the Financial...

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More Pensioners Working Into Retirement

By Becky Johnson, Sky News Correspondent As nearly 10 million people in Britain are now over 65, increasing numbers of pensioners are taking up a second career after they retire. One in three 45 to 65-year-olds now plan to carry on working into...

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Google Does Not 'Fix' Searches: US Regulators

Google does not unfairly favour its own services above others in search results, according to US regulators. The Federal Trade Commission (FTC) said it could find no evidence to back claims the search engine giant "fixed" its searches. The 19-month...

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Mortgages: Millions 'Struggle With Payments'

By Enda Brady, Sky News Correspondent Nearly eight million people in Britain are struggling to keep up with mortgage or rent payments each month, according to the charity Shelter. A total of 1.4 million have already fallen behind, with almost a...

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Swiss Bank Wegelin To Close After Tax Probe

The oldest Swiss private bank is to close after 271 years after pleading guilty to helping wealthy Americans evade their taxes through secret accounts. Wegelin & Co, founded in 1741, admitted charges of conspiracy in helping US taxpayers hide at...

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Report: Retail Bankruptcy Increased In 2012

The number of retail firms filing for bankruptcy continues to grow, according to new research. Business advisory firm Deloitte said the number of retailers falling into administration in 2012 increased by 6%, compared with 2011. It said 194 retailers...

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US Fiscal Cliff: Markets Rally After Late Deal

Global markets have rallied in response to a deal in the United States to avert its so-called fiscal cliff. The market boost came after US Democrats and Republicans finally agreed a deal that will stop hundreds of billions of dollars in automatic tax...

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Start-Up Loans Scheme Gets £30m Boost

Thousands more young entrepreneurs could get loans to start their own businesses as the Government announces it is boosting its scheme. Prime Minister David Cameron said funding for the coalition's Start-Up Loans scheme was being boosted by £30m to...

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Rail Fares: Anger As Commuters Face More Hikes

How Much Will Your Ticket Cost? Updated: 2:14am UK, Wednesday 02 January 2013 This is a table of rail fare rises, comparing the price of a 12-month season ticket bought in December with one bought from January 2. The table does not include the price...

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Benefits Rise 'Almost Double Salary Increase'

Welfare payouts for the jobless have risen almost twice as fast as average salaries over the last five years, according to official figures. Out-of-work benefits have increased in value by 20% since 2007, compared to a rise of 12% in private sector...

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US Fiscal Cliff Averted As Bill Approved

A "fiscal cliff" of massive tax hikes and drastic spending cuts in the US has been avoided at the 11th hour. The House of Representatives voted to approve a bill which averts tax increases for the middle classes - and the possibility of sending the...

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French Court Rejects 75% Tax Rate For Rich

French president Francois Hollande has suffered a fresh setback as the country's highest court threw out his plan to tax the ultra-wealthy at a 75% rate, saying it was unfair. It had been one of the flagship campaign promises of Mr Hollande's election...

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Norovirus Cruise: 'Outbreaks' On Two Ships

More than 400 passengers and crew have been sick with vomiting and diarrhoea as suspected norovirus hits two cruise ships sailing in the Caribbean. Both luxury liners, the Queen Mary 2 and the Emerald Princess, reported the outbreak to the Centres for...

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Fiscal Cliff: Markets Fall As Deadline Looms

European stock markets have opened nervously as the clock ticks down to a New Year deadline for a deal to prevent the US falling over the 'fiscal cliff'. A series of costly tax rises and spending cuts worth more than $500bn kick come into force as 2013...

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Fiscal Cliff: Obama 'Optimistic' After Talks

Barack Obama has called for "immediate action" to avoid the so-called fiscal cliff after urgent talks with Congressional leaders. He urged politicians to agree a deal, saying: "The hour for immediate action is here. It is now." He said he remained...

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Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours. Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services...

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Pig Farming Crisis To Push Up Pork Prices

By Emma Birchley, Sky News Correspondent Supplies of British pork on shop shelves are under threat as pig farmers struggle to stay in business. Cripplingly high feed costs caused by global wheat and soya shortages have forced many farms to close...

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