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Plans to scrap fixed retirement age by October 2011
LONDON (Reuters) - The government announced plans to scrap the fixed retirement age next year, saying it wanted to give people the chance to work for longer although business leaders said the move would create serious problems.
New bank Metro opens for business
LONDON (Reuters) - Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business on Thursday with high hopes of breaking into a sector shaken up by the global credit crisis.
Soft mortgage data point to housing market weakness
LONDON (Reuters) - Mortgage approvals fell more than expected in June and lending was also weaker than forecast, Bank of England figures showed on Thursday, suggesting the housing market will continue to soften in the coming months.
House prices fall 0.5 percent in July
LONDON (Reuters) - House prices fell 0.5 percent month-on-month in July after a flat month in June, the Nationwide building society said on Thursday, as concerns about the impact of government austerity measures dampened demand.
Government pledges electric car subsidies
LONDON (Reuters) - The coalition government will commit 43 million pounds over 18 months to subsidise the uptake of electric cars, the department for transport (DfT) said on Wednesday.
Recovery to be slower than government hopes
LONDON (Reuters) - Britain's economic recovery will be slower than the government believes and consumer spending will not recover to its pre-recession peak until 2015, a leading think-tank said on Wednesday.
One in every 36 one-pound coins is fake
LONDON (Reuters) - Britain's tills are awash with fake one pound coins, with a record 41 million pounds-worth in circulation.
Recovery doubts allayed as growth hits 4-year high
LONDON (Reuters) - Britain's economic recovery raced ahead from April to June as the biggest jump in construction in half a century and a surge in services propelled growth at its fastest pace in four years.
Dividends to fall 6.5 percent in 2010 due to BP
LONDON (Reuters) - Dividend payments by London-listed companies will fall 6.5 percent this year, mainly because BP suspended payouts after the Gulf of Mexico oil spill, Capita Registrars Dividend Monitor said.
Equitable Life policyholders face payment cap
LONDON (Reuters) - Policyholders of mutual insurer Equitable Life, which nearly collapsed a decade ago, face a 400 million pound cap on compensation payments for their losses, Britain's coalition government said on Thursday.