Category: Banks and building societies

John Healey faces questions over budget leak that moved bank share prices

Treasury select committee asks FCA to investigate whether tax surcharge leak led to ‘improper release of inside information’John Healey is facing pressure to clarify whether he permitted a market-sensitive budget leak ahead of...

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‘No indications’ PHP code flaw has led to government sytems being hacked, cyber security official says – UK politics live

Some 32 government services are offline while work is carried out to address potential cybersecurity issues, a minister has saidThe Office for National Statistics has also published a report on the gender pay gap. It says:The...

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Minister says 32 government services offline due to PHP code flaw – UK politics live

Organisations around the world scrambling to fix a critical security flaw in the programming language PHP used by the majority of websitesThe Office for National Statistics has also published a report on the gender pay gap. It...

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John Healey poised to raise taxes on banks in budget

Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public financesJohn Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on...

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UK asks banks for feelgood stories about keeping out dirty money

City firms tapped for case studies to try to convince global watchdog that London has cleaned up its actThe government is asking bankers and lawyers to provide feelgood stories about how they blocked dirty money from entering...

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Reinstate windfall tax on banks after surge in profits, TUC urges

Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter An increased windfall tax should be imposed on the UK’s largest banks according to trade union leaders, after...

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City minister accused of ignoring £2bn car finance tax loophole

Critics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandalThe City minister, Lucy Rigby, has been accused of snubbing taxpayers after she appeared to brush off concerns about a £2bn tax...

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Lending to small businesses and low-income areas must expand, say Labour backbenchers

Senior politicians have tabled bill that would force UK banks to make affordable finance more accessibleSenior Labour backbenchers are urging the government to introduce legislation forcing UK banks to expand affordable lending...

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