Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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City Titans Back Crunch Stock Market Probe

By Mark Kleinman, City Editor The City's most powerful investor group is launching a probe into the effectiveness of Britain's stock markets amid deepening concern that 'short-termism' is damaging the country's wider economic interests. I have...

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Cyprus Bailout: MPs Stumble Towards Deal

Cyprus Bailout: Threat To Savings Updated: 7:36am UK, Saturday 23 March 2013 By Ashish Joshi, Sky News Correspondent Finally late into Friday night - an agreement on Plan B, meaning Cyprus has moved one giant step towards securing a Brussels bailout....

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Retail Sales Rebound In February

Strong demand for tablets has helped retail sales increase by more than expected in February. Excluding fuel, they rebounded by 1.9% when compared to January, and by 3.3% on the year, according to the Office for National Statistics (ONS). The jump...

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Cyprus Bank Limits Cash Withdrawals Amid Crisis

Russian Money Talks In Cyprus Bailout Updated: 12:52pm UK, Thursday 21 March 2013 By Tim Marshall, Foreign Affairs Editor Even allowing for inflation, 10 billion euros can still buy you quite a lot these days. For example, if you were Russia,...

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Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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Cyprus Outlines 'Plan B' To Avert Bankruptcy

Cyprus Asks Russia For Help Updated: 8:32pm UK, Wednesday 20 March 2013 The vote rejecting the EU offer had hardly been cast before Cyprus's finance minster was in the air. Michael Sarris dashed to Moscow in a desperate search for another bailout...

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YouTube Reaches Billion Viewers A Month Target

YouTube has announced more than one billion people are now visiting its online video site each month. The milestone marks another step in YouTube's evolution from a quirky start-up launched in 2005 to one of the most influential forces in today's media...

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Budget: George Osborne Defends Economic Plans

George Osborne has defended his Budget as he pointed to Cyprus and warned Britain's problems "could be a lot worse". In an interview on Sky News, the Chancellor insisted the public understood he had to take tough decisions to secure the country's future....

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Facebook Scheme: Man 'Stole' $8M From Clients

A Florida investment adviser has been charged in New York in an $8m securities fraud scheme that exploited demand for shares of the social networking site Facebook. Craig L Berkman, 71, was arrested on Tuesday at his home in Florida and detained pending...

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Cyprus Looks To Russia Amid Bailout Chaos

Sacrificing Trust In The Banks Updated: 8:16am UK, Wednesday 20 March 2013 By Ed Conway, Economics Editor I'm rather glad that the Pope managed to mention Abraham in his inaugural mass. After all, of all the Old Testament, the tale of Abraham...

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Budget: Osborne Vows To Help People 'Get On'

By Jon Craig, Chief Political Correspondent George Osborne has vowed to help people "work hard and get on" as he prepares to deliver the most important Budget of his career. The Chancellor joined Twitter hours before the financial statement, which...

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Cyprus Urged To Protect Savings Under 100k

Eurozone finance ministers have urged Cyprus to protect savers with less than 100,000 euros (£86,000) in their accounts from a proposed tax on bank deposits. Under a bailout deal agreed with the EU, Cyprus planned to impose a levy of 6.7% on all savings...

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Nuisance Phone Calls: Which? Demands Action

Campaigners have demanded "tougher regulation" to clamp down on companies who plague people with unwanted phone calls and nuisance text messages. Consumer group Which? found seven out of 10 consumers had been cold-called in the last three months, while...

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Budget: Childcare Boost For Working Families

Working families will receive up to £1,200 per child a year under major plans to slash the cost of childcare. More than two million families stand to benefit from the tax-free childcare plans, which have been announced ahead of Wednesday's Budget. ...

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Cyprus Bailout: Savings Tax Could Be Cut

Officials in Cyprus are reportedly trying to renegotiate a eurozone bailout deal in order to soften the impact of a levy on smaller savers. Authorities had planned a 6.7% tax on deposits under 100,000 euros (£85,454), triggering queues at cash machines...

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HMRC Tax Helpline Is 'Disgraceful', MPs Say

A "disgraceful" tax helpline run by HM Revenue and Customs (HMRC) costs callers £136m a year through delays in answering calls, a spending watchdog has said. The Commons Public Accounts Committee found a quarter of the 79 million annual calls to the...

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Cyprus Bailout: Stock Markets Take Tumble

Borrowing costs have risen sharply for countries which received bailouts at the height of the eurozone crisis following the rescue deal for Cyprus. The FTSE 100 followed other European stock markets lower when trading began in London, falling 1.6% in...

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Clegg Launches £1bn Aerospace Pledge

By Mark Kleinman, City Editor The Government will next week commit hundreds of millions of pounds of public money to Britain's aerospace industry as it attempts to accelerate the rebalancing of the flagging economy. I understand that Nick Clegg,...

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Chancellor Warns Of 'More Tough Choices'

George Osborne has warned the country of "more tough choices" and says there are no "miracle cures" for the UK economy, as he prepares to deliver Wednesday's Budget. The Chancellor is under mounting pressure to change course and kick start growth as...

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Cyprus Postpones Vote On Savings Raid Bailout

Cyprus's parliament is to decide later today whether savers must pay a levy on bank deposits under terms for an international bailout to avert bankruptcy. The eurozone demand that savers pay up to 10% of deposits as a condition for the 10bn euro (£8.6bn)...

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