Balls accused of plan to cut state pension


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Balls accused of plan to cut state pension

Balls accused of plan to cut state pension
Ed Balls, the Shadow Chancellor has been accused of seeking to cut the state pension rate after claiming that pensions would be included in a welfare cap.
The Times, p. 6
Also appeared in : City AM London, p.4

Labour ponders further rise in retirement age
Labour will target housing benefit and examine the case for further rises in the retirement age as the main ways of curbing welfare spending through a three-year cap if it wins a general election victory in 2015.
The Guardian, p. 12

Metro Bank attracts deposits as lending soars but losses mount
New Lender Metro Bank saw lending soar 300 per cent through 2012, its latest accounts revealed.
City AM London, p. 6
Also appeared in : Financial Times Companies and Markets, p.25

Reforms spur BNP to merge US units
The French bank, BNP Paribas, is planning a full-blown merger of its US operations as it attempts to offset the impact of threatened US regulatory reforms for foreign banks.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 19

Banking body urges tough rules
The Banking Commission report on standards in the City, which could be released as early as this week, is to demand a radical overhaul of the punishment of bankers who have overseen failed institutions.
Independent i, p. 42

Investors try to salvage returns from Hibu deal
Banks, headed by the Royal Bank of Scotland and HSBC, have had to swallow a substantial write-down in the value of their loans and opened the way for opportunist hedge funds to join the queue of creditors and new shareholders by picking up debt being traded at 20p in the pound.
The Daily Telegraph Business, p. 8

Lloyds shares to be offered at a discount to taxpayers
Taxpayers will be able to buy shares in part-nationalised Lloyds bank at a discount, under new plans being considered by the Chancellor, George Osborne.
The Daily Telegraph Business, p. 1
Also appeared in : The Times, p.2

Bankers face tougher rules on being barred from working in City
Bankers involved in scandals and corporate failures will be more easily barred from working in the City under proposals from a group of MPs and peers.
The Daily Telegraph Business, p. 3

Hand bank shares to public, Osborne told
George Osborne will be urged today to fire the starting gun on a sell-off of the government’s stake in RBS and Lloyds Bank Group by offering shares worth £1,650 a person to 48 million taxpayers.
The Guardian, p. 20

Banking & finance
National Employment Savings Trust has slashed its investment in Government bonds to only 2 per cent of its portfolio.
The Times, p. 36

MPs are to launch a formal inquiry into the appointment and conduct of members of key committees of the Bank of England.
The Times, p. 36

Flagship becalmed
It has been revealed that the Bank of England’s flagship Funding for Lending Scheme, designed to boost credit within the economy, is struggling to gain traction.
The Times, p. 45

Committee to finalise bank rule proposals
New proposals designed to improve standards and culture within banks will be thrashed out by a parliamentary committee in meetings this week that could influence the shape of the industry for years to come.
City AM London, p. 2

Osborne closes in on decision to sell bank shares
Taxpayers should be able to apply for more than £1,500 worth of shares in RBS and Lloyds Bank under proposals unveiled yesterday by the think tank Policy Exchange.
City AM London, p. 3

The above articles appeared on 10/06/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.