UK Finance News

A report in The Times suggests that the European Commission may force the UK’s Lloyds Banking Group to sell all or part of its subsidiary Halifax, in compensation for the billions of pounds of state aid that has been accepted by the bank.
A final decision has yet to be made by the EU Commission but [...]

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Reuters reports that it has cost the UK £26million to set up its scheme to insure the risky assets of two government controlled banks, that may never be used.
The money has been paid out to banks, lawyers and other advisers for their input into the government’s Asset Protection Scheme (APS) which was first agreed in [...]

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According to a report by the BBC the financial crisis has led the worlds largest  economies to spend $10,000 per person, in a bid to fix the financial meltdown.
New calculations by the BBC, based on IMF data given to G20 finance ministers, shows these countries have spent a total of $10 trillion (£6tn).
The report says [...]

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The Bank of England (BoE) have left interest rates unchanged at the record low of 0.5% for the six month running, with financial experts predicting that it will remain unchanged for the remainder of 2009.
The Bank will also continue with its current £175billion asset buying programme which was increased from £125billion last month.
Some strategists had [...]

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Associated British Foods sales forecast for the year has been boosted by the performance of its retail clothing chain Primark, who have seen an increase in sales while market rivals such as Marks & Spencer and Next have recently reported a decline.
The recession and decent weather in the UK for the first six months of [...]

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