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Battle looms over BA pensions

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Battle looms over BA pensions
British Airways signalled the start of a protracted battle with the Pensions Regulator over the price tag on its retirement obligations, the outcome of which will be crucial to its tie-up with Spain’s Iberia

Gold: For richer, for poorer as crisis cools
LONDON (Reuters) - Extreme strain in the global economy has given way to something less hair-raising. So does the last investor in “safe-haven” gold, switch out the lights?

Investors urged to sell before next tax rise

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

“Granny tax” is hard sell for Conservatives
LONDON (Reuters) - The Conservatives were pilloried on Thursday as a party pandering to millionaires and slapping a “Granny Tax” on pensioners in a budget they defended as a spur to economic growth.

NAPF says low-cost pensions should allow consolidation
LONDON (Reuters) - The government should allow people to transfer and consolidate small pension pots which could otherwise pose potentially serious risks to its new low-cost pensions scheme, an industry body said on Monday.

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Osborne cuts income and corporate taxes

Osborne cuts income and corporate taxes
LONDON (Reuters) - The government will cut income taxes and speed up cuts to corporate taxes, funding the measures with levies on banks and wealthy property owners, Chancellor George Osborne said in his 2012 budget statement on Wednesday.

Osborne to launch tax grab on expensive homes
LONDON (Reuters) - Chancellor George Osborne is expected to announce in Wednesday’s budget a new higher rate of duty on the purchase of expensive property and accelerate corporation tax cuts, government officials said.

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative

Banks restrict lending to existing customers

Banks restrict lending to existing customers
More people are applying for loans but fewer are securing one, and those banks that are lending are only doing so to their existing customers

Osborne cuts income tax as austerity drive remains undimmed
(Reuters) - Chancellor George Osborne cut the top rate of income tax while imposing new levies on the wealthy, in a political high wire act designed to rejig the burden of austerity without wavering on plans to erase a huge budget deficit.

Budget to balance tax breaks with austerity
(Reuters) - Chancellor George Osborne unveils the annual budget on Wednesday with politically driven tax measures likely to take pride of place against a backdrop of a limp economic recovery and an unexpected leap in public borrowing.

Fuel poverty seen for 3 million households by 2016

Fuel poverty seen for 3 million households by 2016
LONDON (Reuters) - Up to 3 million British households will be in fuel poverty in 2016, a government-commissioned report forecast on Thursday, showing that the UK’s goal of eradicating fuel poverty by then could be at risk.

UK should embrace employee-owned firms - report
LONDON (Reuters) - Britain would benefit from more John Lewis-style employee-owned firms, while companies with share listings should be subject to stricter controls, a report recommended on Wednesday.

Lib Dems target the rich in pre-budget gambit

Lib Dems target the rich in pre-budget gambit
NEWCASTLE (Reuters) - The Liberal Democrats proposed targeting the rich with a “tycoon tax” only days before the coalition government presents the budget, in a high stakes gamble to revive the party’s flatlining poll ratings.

Investors urged to sell before next tax rise
Seven out of ten wealth advisers warn that capital gains tax will almost certainly be raised in a pre- or post-election Budget

Inflation expectations drop to 1-1/2 year low
LONDON (Reuters) - Britons foresee a lower rate of inflation over the coming year than three months ago with inflation expectations easing to the lowest level in 1-1/2 years, a quarterly Bank of England survey showed on Friday.

Permanent jobs grow at fastest pace since May
LONDON (Reuters) - The number of people placed in permanent jobs grew at its fastest pace in nine months in February, a survey of recruitment agencies showed on Wednesday, chiming with a raft of recent news suggesting that the economy is on the mend.

Top bankers destroy value, study claims
Bankers should count themselves lucky they are being hit by a mere 50 per cent additional tax on bonuses, a report argues, because their benefit to society is negative