UK Finance News

Not quite a u-turn, but Germany’s no nonsense Chancellor Angela Merkel has agreed to support the European financial aid package for Greece, but only if  ‘certain conditions are met.’
Merkel made it clear that Germany would play its part in order to ensure the stability of the euro, but warned that Greece must be ready to [...]

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Following Mondays news that three of the four MPs charged with fiddling their expenses would receive legal aid for legal representation at their trials expected later this year, the Prime Minister has stated that he ‘thinks’ the three former Labour MPs  will have to pay back the publicly funded legal aid that they are to [...]

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The Director General of the Institute off Economic Affairs (IEA), Mark Littlewood, has blasted politicians at home in the UK and across Europe for jumping on the bandwagon to promote support for an international levy on bank assets.
The IEA are particularly at odds with the Conservative party over the issue, David Cameron’s party have not [...]

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Some good news for the UK emerged today when the Office of National Statistics published a report claiming that the UK came out of recession during the last quarter of 2009, with more momentum than predicted.
The stats say that the economy grew 0.4% in the final three months of 2009 above analysts predictions of an [...]

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The Daily Express has reported that Virgin Money have secured the financial backing required to launch a bid for the British banking assets of 320 Royal Bank of Scotland (RBS) branches, as the company seeks to increase it’s foothold in the retail banking market.
Virgin Money will face stiff competition for the RBS business as other [...]

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