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Rate rise rejected

Bank of England monetary policy committee member Adam Posen has dismissed the Bank of International Settlements’ call for the BoE to raise interest rates.

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Has the Government done enough to aid UK recovery?

Leading fund managers Stewart Cowley and Trevor Greetham have clashed over whether the Government has done enough to aid a recovery in the UK. Speaking at the Fidelity FundsNetwork investment debate on the UK vs US recovery yesterday, Old Mutual’s head of fixed income Stewart Cowley said the UK recovery is being impacted by a […]

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Why the industry should be worried about Fatca

The realisation that an impending US law could see UK investments take a 30 per cent hit is starting to sink in – but not fast enough. The Foreign Account Tax Compliance Act, or Fatca, is extensive and far-reaching, impacting IFAs, platforms and fund managers – not to mention banks, administrators and custodians. In November, […]

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FCA set to increase enforcement action

The Financial Conduct Authority is set to increase the number of enforcement cases against the firms it will regulate when it replaces the FSA at the end of 2012. In a document outlining the FCA’s approach to financial regulation, the FSA says that the FCA’s more interventionist stance and lower tolerance for consumer detriment is […]

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New IMF chief calls on Greece to unite

New International Monetary Fund chief Christine Lagarde has called on Greek politicians to unite ahead of the vote on the country’s £25bn austerity package. The package, proposed by prime minister George Papandreou, of tax increases and spending cuts, must be passed in separate votes today and tomorrow for the country to receive the next instalment […]

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