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Pray| Showing page 16 of 37 1... 11 12 13 14 15 16 17 18 19 20 21 ...37 | Last update: Wednesday 25th March |
| Middle-class students starting university next autumn face average annual tuition fees of £8,500 following fresh increases, figures reveal today. Charges will rise from the average £8,385 paid by freshers starting degrees this September. But most of those attending the best universities - both this year and next - will pay the highest possible fee of £9,000. And three-quarters of universities will charge the maximum fee for at least one of their undergraduate courses. The figures, from spending plans published today, will embarrass the Government, which repeatedly claimed that fees would only rise above £6,000 in 'exceptional circumstances'. Reforms that allow universities almost to triple tuition fees from the current £3,375 a year come into effect this autumn. But even before the new system has been implemented, universities are planning increases for next year. The documents published by the Office for Fair Access show that average fees for middle-class students will rise to £8,507. After taking into account bursaries payable to low-income students, which can be offset against fees, the average charge will be £7,898. Some universities are said to have increased their fees after the Government scaled back incentives to keep them below £7,500. | |
| Money | The Daily Mail July 26 2012 |
| Rising pension costs are preventing businesses from investing and creating jobs, the CBI has warned. The business lobby group said "urgent action" needed to be taken to address final salary pension deficits and defend companies against a "potentially significant hike" in the cost of funding the Pension Protection Fund (PPF). The warning was issued days after consultancy JLT Pension Capital Strategies revealed that the combined deficit of FTSE 100 pension schemes has more than doubled over the past year. JLT said the total deficit of blue-chip schemes stood at £73bn on March 31, compared with £35bn a year earlier. | |
| Money | The Daily Telegraph July 25 2012 Business section |
| Free bank accounts represent a flawed system that damages banking and should end, according to the City regulator who is a front-runner to govern the Bank of England. The British industry model, offering free accounts to customers who are in credit, stifles competition, warned Lord Turner, chairman of the Financial Services Authority (FSA). He signalled that regulators want an end to the 28-year practice. | |
| Money | The Daily Telegraph July 25 2012 Business section |
| The economic strategy of Chancellor George Osborne which aims to encourage investment, is actually deterring businesses and customers from spending, a think tank warned today. The sluggish recovery from recession will see the UK’s long tern GDP growth rate drop to just 1.7 per cent by 2015 – it’s lowest since the Second World War, and the equivalent of £165 billion in lost output over 15 years – said the Institute for Public Policy Research. | |
| Money | The Sentinel – 23rd July 2012 |
| Britain’s biggest banks are facing a parliamentary probe into professional standards as the rate-rigging storm continues. Chancellor George Osborne said the review would look at ‘transparency, conflicts of interest, culture and the professional standards’ in the banking industry. It came after Barclays chairman Marcus Agius resigned over the affair and announced an internal review into the banks ‘flawed’ practices. | |
| Money | The Sentinel – 3rd July 2012 |
| The cost to the taxpayer of supporting the monarchy rose marginally in the last financial year. The official expenditure of the queen rose by £200,000 (0.2 per cent) from £32.1 million in 2010/11 to £32.3 million in 2011/12, according to the royal public finances report. Air and rail travel costs increased, as did spending on property, but staff and PR costs fell. | |
| Money | The Sentinel – 3rd July 2012 |
| The global economic recovery is still at risk, and eurozone economies remain in a ‘precarious’ situation, according to the International Monetary Fund. A delayed or insufficient response from European leaders to the crisis would further derail the recovery it said. | |
| Money | The Sentinel – 17th July 2012 |
| NatWest Customers face further upheaval after technical hitches left clients unable to access their money. The bank took the unusual step of opening hundreds of branches over the weekend and said it was working ‘round the clock’ to clear a backlog of chaos. It remains unclear exactly when the issues will be completely resolved. Hundreds of customers have vented their frustration over the problems, with some finding payments had gone awry and others observing disappearing wages, or home purchases disrupted. | |
| Money | The Sentinel – 25th June 2012 |
| The Bank of England is set to launch two new stimulus packages in response to the worsening economic outlook. Together with the government it will provide billions of pounds of cheap credit to banks to lend to companies. It will also offer banks access to short-term money to deal with ‘exceptional market stresses.’ Chancellor George Osborne says the measures will ‘inject confidence into the financial system.” | |
| Money | The Sentinel – 15th June 2012 |
| David Cameron pledged not to ask British taxpayers to underwrite the debts of ailing banks in Greece and Spain, as he held talks with German chancellor Angela Merkel about the eurozone crisis. The Prime Minister said he had ‘no doubt’ the 17 nations of the eurozone would move towards closer fiscal union within the next weeks and months. But he made it clear that Britain would not be involved in any such arrangement. | |
| Money | The Sentinel – 8th June 2012 |
| Measures to give savers extra security if a bank fails will be announced by the Government today as part of major reforms for Britain’s banking system. Chancellor George Osborne will unveil his long-awaited banking White Paper, which follows last year’s recommendations by the Independent Commission on Banking (ICB), led by Sir John Vickers. Mr Osborne will say tonight: ‘We’ve got to stop problems here in the City of London spilling onto our high streets and putting taxpayers’ money at risk.’ | |
| Money | The Sentinel – 14th June 2012 |
| Chancellor George Osborne has made his third budget U-turn in less than a week, scrapping plans to cap tax relief on charitable donations. It came after earlier climb downs over VAT on hot pasties and caravans. Charities said they were delighted that the chancellor responded to their Give It Back, George campaign, supported by more than 1000 organisation. The cap was expected to save the Treasury £50 million - £80 million a year. | |
| Money | The Sentinel – 1st June 2012 |
| Two Christian aid agencies have criticized the Government for the absence of legislation on overseas aid in its programme announced in the Queens Speech. Christian Aid and Tearfund were disappointed that there was no announcement of legislation that would commit the UK to spending 0.7 of its gross national income (GNI) on oversees aid. In 2010 the Coalition partners said they would ‘honour our commitment to spend 0.7 per cent of GNI on oversees aid from 2013, and enshrine this commitment in law.’ Tearfund said it acknowledged that the government was committed to the target but would press for legislation in its meetings with ministers. | |
| Money | The War Cry – 19th May 2012 |
| The Government should consider cutting VAT or National Issuance and increasing state investment in infrastructure to boost growth if the economic situation worsens. And the International Monetary Fund said the Bank of England should act now to inject some money into a “flat” economy by printing money in a new round of quantitative easing. The IFM said that deficit reduction was ‘essential’ in the medium term and paid tribute to the ‘substantial progress’ towards a sustainable budget delivered by the coalitions austerity programme. | |
| Money | The Sentinel – 23rd May 2012 |
| Britain’s double-dip recession is deeper than previously thought, after revised estimates showed a sharper decline in the economy in the first three months of 2012. Gross domestic product (GDP) shrank by 0.3% between January and March, down from a first estimate of 0.2%, with much of the deterioration due to 4.8% decline in construction – the sectors steepest fall in 11 years. Treasury minister Chloe Smith insisted the coalition won’t be deflected from its drive to get the deficit down. | |
| Money | The Sentinel – 25th May 2012 |
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