BARCLAYS EXECUTIVES TO STAND TRIAL OVER ‘TAX FRAUD’
Barclays’ attempts to shed its reputation for aggressive tax avoidance suffered a setback yesterday when three of its executives were charged with tax fraud in Italy.
IMF MUST TAKE CONTROL OF EURO, SAYS UK‘S TYRIE
The International Monetary Fund must take decisive control of the euro zone crisis or risk a “global economic fire”, Andrew Tyrie, the chairman of the British parliament’s Treasury Select Committee has warned.
Britain’s banks are sitting on a 40 billion pound ($61.48 billion) black hole of undeclared losses that are preventing them from making vital loans to businesses and households, according to PIRC, the shareholder advisory group.
More than one in six products being sold in supermarkets are now priced at exactly 1 pound or 2 pounds, highlighting how the pound-shop revolution has started to affect long-established rivals.
Finance ministers from the developed world have thrown their weight behind moves towards greater “fiscal and financial union” in the euro zone as the best way to tackle the debt crisis threatening to destroy the single currency.
SAUDI ROYALS’ SECRET $1 BILLION US EMPIRE
A secret $1 billion U.S. property empire amassed by members of the Saudi royal family is the subject of a bitter legal dispute that threatens to reveal the extent of the family’s American business interests.
UK‘S OSBORNE TO ASK SAVERS FOR MONEY
British finance minister George Osborne is drawing up plans to use Britain’s army of small savers to boost the country’s growth prospects.
$1 = 0.6506 British pounds Reporting by Stephen Mangan