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Govt deficit soars

The Government borrowed £5.9bn in August, the highest August figure since records began, according to the Office of National Statistics. The monthly deficit is now £3.3bn, up from £1bn in August 2009.

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FSCS confirms deposit limit to rise to €100,000

The Financial Services Compensation Scheme has confirmed its protection limits for savings on deposit will rise to €100,000 (£85,400) on December 31, 2010. The FSCS deposit limit is currently £50,000 for individuals and £100,000 for couples. It is to rise after the European Commission consulted member states over harmonising the limits across the continent. An […]

Scrapping FSA is condemned

Scrapping the FSA for a new regulatory structure is an exercise in “rearranging deckchairs” and will have no significant impact on regulation, according to LibDem Treasury spokesman Lord Newby. Speaking at a fringe event at the LibDem conference this week, Lord Newby said: “The whole of that reorganisation is just rearranging deckchairs on a beach […]

‘Stick with us’

That’s the rather strange way Nick Clegg ended his keynote speech to the Liberal Democrats. A strange formula you might think given the fact his party has barely been in power four months. You would have thought this was a narrative he might want to use at NEXT year’s party conference following the upcoming Spending […]

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