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Fiscal freedom for Scotland would mean spending cuts, tax rises - think-tank


LONDON - Scotland would have to make "substantial" spending cuts or increase taxes if the Scottish National Party (SNP) gained full control of the country's finances after next month's general election, the Institute for Fiscal Studies said on Tuesday.


New risks as young Londoners priced out of housing market 8:10am BST

LONDON - Last weekend, London couple Vicki Clayton and James Renhard left behind cramped bedrooms that smelt of smoke, housemates who stole their food and a landlord who kept his deposit, and moved into a rented flat of their own.

Factbox: Housing policies of Britain's major political parties 7:49am BST

LONDON - As Britain heads to national elections in May, high prices have reshaped the housing market, doubling the proportion of people who rent privately and dissuading many young people from saving for a home. Britain's main political parties have different policies to fix the problem:

British car insurance premiums fall in first quarter 7:30am BST

LONDON - British car insurance premiums fell by 1 percent in the first quarter due to discounts on offer early in the year, roadside recovery service the AA said on Tuesday, following two quarters of price rises.


Asking prices for homes in England hit new high 20 Apr 2015

LONDON - Asking prices for homes on sale in England and Wales hit an all-time in the month to early April, pushed up by a fall in the number of properties on the market, property website Rightmove said on Monday.

Woodford raises 800 million pounds in largest UK investment trust launch for more than 20 years 20 Apr 2015

LONDON - Woodford Investment Management has raised gross proceeds of 800 million pounds ($1.2 billion) in its new investment trust, the money manager said on Monday, achieving the largest launch in Britain in more than two decades.


Lloyds says would support Conservatives' share sale plan 20 Apr 2015

LONDON - Lloyds Banking Group said it would support plans by the Conservative Party to sell some of the government's remaining 22 percent stake in the bank to retail investors.


Conservatives aim to sell Lloyds shares to small investors 20 Apr 2015

LONDON - Chancellor George Osborne said on Sunday that he intends to sell billions of pounds of government shares in Lloyds Banking Group to small investors if the Conservative Party wins the May 7 election.


Cameron lines up pensions expert as minister 20 Apr 2015

LONDON - Prime Minister David Cameron said on Saturday that he would appoint a well-known pensions expert, Ros Altmann, as a financial services minister if he returns to power after next month's election.


British unemployment rate at multi-year low ahead of election 17 Apr 2015

LONDON - Britain's economy created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008, official labour market data showed on Friday, the last such report before a closely fought election on May 7.


UK house price growth hits five-month high in March

LONDON - British house prices grew at their fastest pace in five months in March, fuelled by a shortage of properties, a survey showed on Thursday, adding to other signs that a cooling of the market may be ending.


Advice gap leaves 'pension freedom' pitfalls for UK savers

LONDON - A lack of specialist advice to all but the well-off leaves a plethora of pitfalls lying in wait for the millions of British pensioners looking forward to their impending freedom to choose where to invest their retirement savings.

British firm looks to expand financial services for children

LONDON - Osper, a British company that provides pre-paid debit cards for children, is looking for partners and plans to offer new services and expand into Europe and the United States, its founder and chief executive told Reuters.

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