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Pre-Budget – Brown ‘ignoring black hole’ – Letwin

Shadow chancellor Oliver Letwin has accused Gordon Brown of breaking his own ‘golden rule’ on public spending.

Letwin said Browns golden rule demanded public borrowing would only be used to invest when in fact the Chancellor was borrowing to cover a deficit black hole.

Letwin said: “Why does the Item Club put his black hole at 10bn. Why does the IMF say he is 12bn short? The Chancellors golden rule has turned to dross in his hands.”


Pre-Budget – Which? says Government must not rely on the industry to meet the needs of society

Which? principal policy advisor Mick McAteer says the Government mustn’t rely on the industry to voluntarily meet the needs of society.But McAteer welcomes the financial inclusion fund to tackle the problems of those people who are financially excluded.McAteer says: “A new concordat between Government and industry is needed to ensure that all consumers have access […]

Winterthur adds Islamic pension fund

Winterthur Life is adding an Islamic fund to its group pension range in a tie-up with HSBC.The portfolio is being added in response to growing demand and will be fully compliant with Sharia law.

Bedford becomes MD at Worldwide Financial

Former Misys head of marketing and Sesame sales director Andrew Bedford has been appointed managing director at IFA Worldwide Financial Planning.

OFT to probe anti-competitive effect

The Office of Fair Trading is to review the effects of depolarisation because it is concerned that the new rules could have an anti-competitive effect on the market.


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