UK energy companies investigated for price fixing

November 14, 2012

Energy regulator Ofgem and the Financial Services Authority (FSA) are investigating the possibility of price fixing among the UK's big six energy companies - British Gas, Scottish Power, Npower, SSE, EDF and E.ON.  All of the energy suppliers have denied ...

Pakistani schoolgirl protesting for peace shot by Taliban

October 11, 2012

Taliban gunmen in Pakistan shot 14-year-old schoolgirl Malala Yousafzai in the head and neck, leaving her severely wounded on Tuesday. The girl is well known for speaking against militants and the Taliban. The government ceased fire with the Taliban in ...

Bank of England’s Tucker Denies Barclays Rate-fixing

July 10, 2012

Bank of England deputy governor Paul Tucker has been blamed by Chancellor George Osborne for the rate-fixing scandal at Barclays to reduce its submissions. However, the economist has repeatedly rejected the accusations, saying he didn't discuss the interbank lending ...

The Queen Strips Sir Fred Goodwin of Knighthood

February 1, 2012

The Queen has stripped Sir Fred Goodwin, the former chief executive of Royal Bank of Scotland, of his knighthood after being advised by the Forfeiture Committee. He was awarded the honour by the previous Labour government in 2004 for ...

IMF Warns of Second Recession

January 25, 2012

On Tuesday, the International Monetary Fund (IMF), alongside the World Bank, warned that global economic growth is due to be substantially weaker than thought. This comes even though better economic data and market conditions have been reported, indicating improved ...

Inflation Surges to 5.2% but is Expected to Fall

October 19, 2011

The Consumer Prices Index (CPI) inflation rate hit 5.2% in the UK, reaching a record high in September from a 4.5% rate of inflation the month before. This has been largely blamed on a rise in energy costs during ...

Osborne Urged to Scrap 50% Tax Rate

September 8, 2011

Chancellor George Osborne has been urged by economists to scrap the 50% top tax rate as soon as he can in order to boost growth. A letter written by economists said that Britain will only enjoy long-term sustainable growth ...

Domino’s to Send Pizza to the Moon

September 2, 2011

With Russian firm Orbital Technologies revealing plans for the first Commercial Space Stations, aka space hotel, it only seems right that restaurants are opened in space as well. However, Domino's pizza is looking to take its food a little ...

National Trust Misrepresented Government Policy Reforms

August 24, 2011

The National Trust has been accused of willingly misrepresenting the proposed law changes by the Coalition Government through its campaign opposed to policy reforms. Planning Minister Greg Clark says claims that parts of the Green Belt will be threatened ...

George Osborne Returns Early from Holiday due to Market Crisis

August 10, 2011

George Osborne has been on holiday in California, but this has come to an abrupt end. The chancellor has cut his break short so that he can be home to address MPs on Thursday (tomorrow) about the sate of ...