RBS and Standard weakest in Bank of England stress test
Royal Bank of Scotland and Standard Chartered were the weakest of Britain’s seven largest lenders in a Bank of England stress…
Articles by Director of Finance
Business leaders left reeling after Osborne’s payroll tax announcement
Business leaders have been “left reeling” after George Osborne announced a £11.6bn payroll tax, claimed the Institute of Directors (IoD). Companies…
HSBC to cut 8,000 jobs in the UK to reduce costs
HSBC, Europe’s biggest bank, is planning to cut 8,000 jobs in the UK in savings drive. According to the BBC, the…
UK budget deficit estimated to be £40bn in 2020
By 2020, the government will be forced to report a £40bn deficit instead of the planned £10bn surplus, according to a…
Former Tory treasurer to donate £1m to Brexit campaign
Former Tory party co-treasurer Peter Cruddas is to donate £1m to the Vote Leave campaign in the EU referendum. His donation…
Gender pay gap shrinks to 9.4 per cent
Gender pay gap narrowed slightly in 2015 but concerns were raised that the disparity has slightly changed in the last five…
Northern Rock mortgages sold for £13bn
More than 85% of former Northern Rock assets have been sold for £13bn by the government. The portfolio has been sold…
Business travel expenses ‘biggest time waster’
Each expense report for a business trip with accommodation takes an average of 20 minutes and creates processing costs of £37,…
Brexit won’t affect London’s access in Europe
A possible Brexit would not undermine the City of London’s’ access to Europe, according to UBS chairman, Alex Weber. Weber, former…
UK firms under investigation for money laundering
Around 19 companies in the UK are at the heart of an investigation into one of Europe’s biggest money-laundering operations. An…