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Banks ‘too weak’ for negative interest rates

Bank balance sheets are not strong enough to cope with negative interest rate policy, one economist has warned. David McWilliams, an economist writing for Woodford Investment Management, says the banking industry is still recovering from the financial crisis and the more recent China turmoil and is not stable enough to cope with negative interest rates. […]

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Steve Bee: The damage to our pensions system is already done

I have no idea what is going to happen to our pensions system in next week’s Budget but like everybody else I have read about the rumours. Pension tax relief reform might have been put on the back burner but speculation remains as to whether the Chancellor has any more rabbits in his hat. Saying […]

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Nic Cicutti: Garry Heath’s Libertatem is sinking into oblivion

For anyone who rides a motorbike or a scooter, February is one of those exciting times as you start to prepare for the long-distance journeys you hope to be making over the next few months. As a vintage scooter owner who carries out most of his own spanner work, I am often in a dilemma: do I […]

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Friends Life acquisition drives Aviva UK Life profit surge

Aviva’s mega merger with Friends Life saw profits at the insurer rocket 37 per cent last year, with the firm’s cost-cutting target set to be hit a year ahead of schedule. Aviva’s annual results, published this morning, reveal profits in the UK Life business rose from just over £1bn in 2014 to over £1.4bn last […]

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