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The International Monetary Fund has urged the leading central banks to hold back on hiking interest rates amid slower global economic growth. In an agenda-setting note to G20 finance ministers and central bank governors, who met at the weekend in Ankara, Turkey, the IMF said the world’s largest economies needed to raise their medium-term growth […]
The Foreign Office should lobby the US to scrap litigation against the Royal Bank of Scotland, according to Treasury select committee member Jacob Rees-Mogg. RBS is facing $8bn (£5bn) worth of fines over mortgage-backed securities sold in the US before the financial crisis. The Telegraph reports Conservative MP Rees-Mogg asked the bosses of UK Financial […]
House prices rose 9 per cent year-on-year in the three months to August, says Halifax. Annual growth in August was lower than June’s 9.6 per cent but higher than last month’s 7.8 per cent. On a monthly basis, the average price was up 2.7 per cent to £204,674. Halifax housing economist Martin Ellis says: “The […]
Legal & General has clashed with the Information Commissioner’s Office over the use of medical data requests for protection customers. The ICO has accused the insurer of “seriously misrepresenting” its position on the use of subject access requests. Some insurers, including L&G and Aviva, have until now used subject access requests rather than GP reports […]
Following the surprise return of a majority Conservative government, George Osborne announced that he will deliver a second budget statement on 8 July this year.
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