The Government's official inflation measure jumped to its highest level in two-and-a-half years last month, tightening the squeeze on household spending power and increasing the challenge for savers.
A major building society has been fined £1.4 million and must pay £51 million compensation to customers after it mis-sold investment products in collapsed firm Keydata Investment Services.
British banks should ring-fence their retail businesses from investment banking operations to protect savers' deposits under proposals outlined by the Independent Commission on Banking (ICB) today.