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Sunday, 6th December 2009

Economics

£45m VAT blow to Scots finance firms SCOTLAND'S struggling financial services sector will be dealt another blow – costing millions – when the VAT rate goes back up to 17.5 per cent following a temporary cut.

UK economy shrunk more than feared and recovery slower, warns BCC THE UK's economy has shrunk more than originally feared and growth during recovery will be slower, the British Chambers of Commerce (BCC) warns today.

Darling's high-wire act WHEN Alistair Darling stands up on Wednesday to deliver what is likely to be his ultimate Pre-Budget Report (PBR), "tax" will be the much-dreaded buzzword.

Hard times for our mutual friends AT THE annual lunch of the Building Societies Association (BSA) in London last month, chairman Graham Beale said: "The traditional values of building societies revolve around putting the customer first."

Bill Jamieson: Not fit for purpose

Scottish investors are cautious on recovery

Private equity losing out in bidding wars

The week unzipped: Withdrawals to soar as Scots make £1bn Christmas dash for ATMs

More US lenders fail as bad debts linger

Bank of England to leave rates on hold

US interest rates set to rise early in 2010 after better news on jobs

Terry Murden: US sees signs of light – and it's not all gloom in UK

Sterling hit by credit crunch and falling pound

Service sector growth slower than forecast, but nerves stay calm

Scots trio among fastest growers

City hits back at Nicolas Sarkozy's attack on 'Anglo Saxons'

New Look eyes up stock market return as it appoints bankers to assess £1.7bn float

Boost for construction orders

Brewin sees profits dip but remains bullish

Use tax to deflate property bubbles, urges Bank of England expert

City fears as Sarkozy hits out at Anglo Saxon model

Manufacturers disappoint as rate of growth shows slump

Small firms turn a buck but trend still difficult for many

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