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Queen’s Speech pledges to strengthen financial sector

Queen Elizabeth has committed the government to working toward financial stability and the future vibrancy of the economy in her speech to open Parliament today.

This morning Her Royal Highness outlined the government’s pledges to create Savings Gateway Accounts to encourage people on lower incomes to save and to ensure fairer protection for bank depositors.

She says: “My government is committed to helping families and businesses through difficult times.

“The strength of the financial sector is vital to the future vibrancy of the economy. Therefore, legislation will continue to be taken forward to ensure fairer and more secure protection for bank depositors and to improve the resilience of the financial sector.

“My government will also bring forward proposals to create Saving Gateway Accounts to encourage people on lower incomes to save more by offering financial incentives.”


Ex-MPC member slams SLS mistake

A leading economist and former Monetary Policy Committee member has branded the decision to attach a deadline to the Special Liquidity Scheme as a tragic error.

Skipton MD quits

Steve Haggerty has unexpectedly quit as managing director of Skipton.

Stitched up

Alan Cleary is launching the website for his new venture Exact today. He wanted the ‘eu’ suffix for the web address that was attached to his last firm, edeus. Unfortunately, it’s already occupied by a fancy French knitting website so he’s had to settle for

Legal challenge mounted against HBOS takeover

A group of businessmen, shareholders and consumers is mounting a legal challenge aginst the government’s decision to sidestep the Competitition Commission and allow the merger of HBOS and Lloyds TSB.


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