Former investors in nationalised lender Bradford & Bingley (B&B) should receive no compensation for their shares, the independent valuer of the stricken business has said.
Banks and building societies are cutting their savings rates as they focus on attracting new mortgage customers, a financial information group claimed today.
Improvements in the mortgage market stalled during the second half of June as lenders remained cautious about the state of the economy, research indicated today.
Chancellor George Osborne defended the Budget as "tough but fair" today as he accused the previous Labour government of leaving the economy in a "massive mess".
Unions today welcomed confirmation by the Government of increases in the national minimum wage, which will see the adult rate rise to £5.93 an hour in October.
Interest rates have been kept on hold today as policymakers maintain their "wait-and-see" approach ahead of government plans to tackle the UK's deficit.
Stock markets suffered further turmoil today after Asian equities tumbled overnight amid renewed concerns over Europe and fears for global economic recovery.