IMF warns UK government against further tax cuts

30 minutes ago About sharing Jeremy Hunt has hinted of more tax cuts in the upcoming Budget By Faisal Islam Economics editor The International Monetary Fund (IMF) has “advised the UK against further tax cuts”, as it launched its latest assessment of the world economy. It said preserving public services and investment implied higher spending…

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HSBC fined £57.4m for customer deposit protection failings

2 minutes ago About sharing HSBC has been fined £57.4m by the Bank of England for “serious failings” over its measures to protect customer deposits. The bank failed to accurately identify deposits eligible for Britain’s Financial Services Compensation Scheme, the Bank’s Prudential Regulation Authority (PRA) said. Under the scheme, customer deposits are protected up to…

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