Economy
BoE stands ready for next ro...
According to the latest statistics, government hit a record high for August borrowing due to an increase in spending. Public finances are now under even greater pressure and BoE is at the ready to beg...
Treasury admits to losing un...
Much has been made of the tax gap of late and never was this made clearer than in the fact that Britain lost almost 8% of its annual revenue because of uncollected taxes, largely due to the ever prese...
IMF warning UK may need to s...
In their most recent statement, the IMF is warning that the UK government’s austerity programme may need to be set back if growth continues slowing. This is the third forecast in as many months that...
Italy downgraded by S&P...
Yet another country has succumbed to S&P’s recent string of downgrades and Italy is now down from A+ to A. Financial markets around the world are preparing for more turmoil after the news of Ita...