Supermarkets Back New Price Promotion Rules

What The Supermarkets Say Updated: 3:19am UK, Friday 30 November 2012 Eight major supermarkets have signed up to a new code on special offers and price promotions, while Asda is considering whether to take part. Here is what some of the retailers had...

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Autumn Statement: CPS Calls For Action On Debt

George Osborne should introduce cash freezes to avoid missing his debt target, a right-wing think tank has said just days before the Autumn Statement. The Centre for Policy Studies (CPS) claimed the country's debt will be between £20bn and £30bn higher...

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KPMG Calls For Corporation Tax Transparency

Companies that operate in the UK have been urged to accept greater transparency over their complicated tax structures by a top professional services firm. KPMG described it as a "sea change" for companies as they learn to disclose more account details....

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Dixons 'To Benefit' From Comet As Sales Rise

This year's summer of sport gives Dixons Retail Group a boost in the UK, as it prepares to benefit as a result of Comet entering administration. Like-for-like sales at the retailer - which owns Currys and PC World - were up 3% in the UK for the six...

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Ryanair Customers Face New Card Charges

No frills airline Ryanair is to introduce two new charges from Friday but its reason for imposing a credit card booking fee has been questioned by a regulator. The carrier said it was bringing in a 2% credit card processing fee on all new bookings made...

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Energy Bills 'Will Be Lower' Under New Policy

Energy Secretary Ed Davey has said the Government's long-delayed Energy Bill would see consumers pay less for energy in the long-run. As he introduced the legislation to Parliament, Mr Davey insisted: "The net effect of Government policy on energy...

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Heating Bills 'Rise 63% In Five Years'

The average cost of heating a home has soared by 63% over the past five years, according to research. The price comparison website, uSwitch, calculates that the bill is up £227 over the period - hitting a new annual average total of £587. It said the...

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Comet: 125 More Stores Face Closure In Weeks

Comet's administrators have confirmed a further 125 stores will close by the end of the year if they fail to get a firm offer for the whole business. Around 70 stores of the original 236 will remain open until the electricals retailer's remaining...

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Thomas Cook: Restructuring Causes £590m Loss

Restructuring at Thomas Cook takes its toll, as the holiday company's turnaround plan causes its losses to deepen. The world's oldest travel company reported a statutory loss of £590m for the twelve months to the end of September - worse than the £518m...

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GDP Unrevised At 1% In Third Quarter

Britain's gross domestic product for the third quarter has been unrevised by the Office for National Statistics, with growth confirmed at 1%. The ONS confirmed the strongest rise in household spending in more than two years helped drive the UK's dramatic...

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Lloyd's Of London In Global Insurance Warning

The world's biggest insurance market has warned that more than a dozen emerging economies are at risk of major rebuilding costs due to minimal insurance cover for natural disasters. Lloyd's of London said there is a global insurance deficit of $168m...

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Nationwide Profit Slumps After PPI Charge

Nationwide, Britain's biggest customer-owned financial services group, has reported a drop in half-year profits despite seeing a sharp increase in new customers. The bank said its pre-tax profit fell by almost 50% to £124m for the six months to the...

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UBS Fined £29m Over London Rogue Trader

The City watchdog has fined the Swiss investment bank UBS £29.7m over the biggest fraud in British history. The Financial Services Authority (FSA) fined the bank for system and control failings within its corporate structure that allowed London rogue...

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VAT May Have To Rise To 25%, Warns IFS

Chancellor George Osborne may have to hike VAT to 25% as he continues his battle to restore Britain's economic health, analysts have suggested. The Institute for Fiscal Studies (IFS) warned struggling Britons could face yet more spending cuts and tax...

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UK Transport Projects 'Stuck In Slow Lane'

The British Chambers of Commerce says too many transport schemes crucial to business growth are being sidelined by the Government. Of 13 key projects identified as vital before the 2010 general election, just three are going ahead, with two having some...

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'Black Friday' Discount Day Reaches UK

Some of the UK's biggest retailers are cashing in on a US tradition which sees millions of frenzied shoppers make the most of discounted prices. Amazon, Asda and Apple are among the companies that have launched so-called Black Friday sales in Britain...

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Cameron: EU Deal 'Just Not Good Enough'

What Now For EU Budget? Updated: 10:16pm UK, Friday 23 November 2012 By Adam Boulton, Political Editor The 27 EU member states did not agree a budget for the next seven years at the summit in Brussels. But David Cameron will be able to go home...

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Tax Backlash Prospect For Independent Shops

By Poppy Trowbridge, Business & Economics correspondent Independent businesses could benefit from public uproar over low rates of corporation tax paid by global giants Starbucks, Amazon and Google, according to retail experts. The backlash...

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'Black Friday' Discount Day Reaches UK

Some of the UK's biggest retailers are cashing in on a US tradition which sees millions of frenzied shoppers make the most of discounted prices. Amazon, Asda and Apple are among the companies that have launched so-called Black Friday sales in Britain...

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Cameron: EU Deal 'Just Not Good Enough'

What Now For EU Budget? Updated: 10:16pm UK, Friday 23 November 2012 By Adam Boulton, Political Editor The 27 EU member states did not agree a budget for the next seven years at the summit in Brussels. But David Cameron will be able to go home...

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Tax Backlash Prospect For Independent Shops

By Poppy Trowbridge, Business & Economics correspondent Independent businesses could benefit from public uproar over low rates of corporation tax paid by global giants Starbucks, Amazon and Google, according to retail experts. The backlash...

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Comet Bid Made By Online Retailer

The entrepreneur behind Appliances Online has tabled a bid for Comet in a move that could see the failed electrical chain disappear from retail parks and high streets. John Roberts, who set up Appliances Online in 2000, confirmed he had put in a "seven-figure...

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'Black Friday' Discount Day Reaches UK

Some of the UK's biggest retailers are cashing in on a US tradition which sees millions of frenzied shoppers make the most of discounted prices. Amazon, Asda and Apple are among the companies that have launched so-called Black Friday sales in Britain...

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Steel Giant Tata Cuts 900 Jobs Across UK

Indian-owned Tata Steel confirms it will close 12 plants in Britain. The move will result in 900 job losses, the company confirmed, including 580 in South Wales, 155 in Yorkshire, 120 in the West Midlands and 30 on Teesside. Sites to close include Tafarnaubach...

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Mothercare Reports A Loss As UK Sales Fall

Mothercare's chief executive insists the business is "on track", despite reporting another fall in UK sales. Like-for-like sales in Britain fell 3.4% in the UK in first half of the year - although this is an improvement on the 7% slide seen a year...

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Big Brewer Slams 40% Beer Tax Rise

The world's second biggest brewing company, London-listed SABMiller, has slammed soaring UK beer duty taxes. As it announced a 12% rise in half-year profits to £1.72bn, the firm behind the Foster's and Peroni brands hit out at a 40% rise in tax endured...

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EU Budget: Proposed Rise 'Quite Wrong' Says PM

David Cameron has insisted that the proposed rise in European Union spending is "quite wrong" as he arrived in Brussels for marathon budget negotiations. The Prime Minister said he would be fighting "very hard" for a good deal for British taxpayers...

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Tax Avoidance: UK Missing Out On Billions

The Treasury is losing billions in revenue because officials are failing to clamp down effectively on agressive tax avoidance, according to Whitehall's spending watchdog. The National Audit Office (NAO) revealed that HM Revenue and Customs (HMRC) has...

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Arcadia's Philip Green Says Time To 'Up Game'

Arcadia Group has reported 25% rise in pre-tax profit as its owner said businesses need to stop moaning about the tough economic conditions. Sir Philip Green - whose family is ranked 17th on the Sunday Times UK rich list - said retailers had to adjust...

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Economy: Weak Tax Receipts Stoke Borrowing

The Government borrowed more than forecast in October as a 10% fall in Corporation Tax receipts hurt Treasury coffers. Public Sector Net Borrowing, excluding financial interventions such as bank bailouts, came in at £8.6bn. It means that for the tax...

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Payday Lenders Face Regulator Inquiry

Several payday lending firms are facing a formal investigation over aggressive debt collection tactics amid concerns about poor practice in the wider industry. The announcement was made by the Office of Fair Trading (OFT) which said it was taking several...

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Bankers' Body Urged To Merge After Libor Loss

By Mark Kleinman, City Editor Britain's banking lobby group is under pressure to consider a merger with another trade body as it seeks to fill a funding deficit triggered by the loss of its role setting the interbank borrowing rate Libor. I have...

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UBS 'Rogue Trader' Kweku Adoboli Guilty Of Fraud

UBS 'rogue trader' Kweku Adoboli has been found guilty of a £1.4bn fraud. ...

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HMRC Puts Directors' Tax Under Microscope

HM Revenue and Customs has stepped up investigations into unpaid taxes by directors, according to an international law firm. The Tax Office's Large Business Service (LBS) is investigating directors and senior executives over taxes including PAYE, and...

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Cameron Declares 'Economic War' On Downturn

The Prime Minister has told Britain's business leaders that his coalition "gets it", as the Government promises to help boost the economy. Speaking at the annual conference of the Confederation of British Industry (CBI), David Cameron also urged bureaucrats...

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Supermarkets Slammed Over Multi-Buy Deals

Supermarket mult-deals can end up not saving consumers money, according to a new report. Consumer watchdog Which? monitored more than 100 hundred products on sale over the course of a year at Britain's biggest supermarkets. It found that many deals...

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Jaguar Land Rover Launches China Expansion

By Mark Stone, China Correspondent Jaguar Land Rover is to manufacture cars outside the United Kingdom for the first time. The company has entered into a joint venture with one of China's largest car makers Chery. The two firms began work to build...

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