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Farming Debt Reaches Record High Of £2.2 Billion

At the end of May 2016 a total of £2.2 billion was owed to banks – a rise of £177 million on the previous year, and the seventh year in a row that debt levels have increased, The Courier reported. In addition to this, farms have an estimated £1.4 bil ...

Daily Headline - global.abi.org - 09/13/2016 - 21:47 - 0 comments

3 Former Tesco Executives Charged With Fraud Over Accounting Scandal

Three former Tesco executives have been charged with fraud in connection with an accounting scandal that rocked the British supermarket giant two years ago, investigators said on Friday, the International New York Times reported. The charges stem fro ...

Daily Headline - global.abi.org - 09/11/2016 - 20:41 - 0 comments

Carney Leaves Open Chance Of More UK Rate Cuts

low of 0.25 per cent if necessary. Read more. (Subscription required.) (United Kingdom) ...

Daily Headline - global.abi.org - 09/07/2016 - 21:50 - 0 comments

Chancellor To Meet Bank Bosses On Brexit Gameplan

Top British bankers will tell Chancellor Philip Hammond on Wednesday to give them a clearer idea of what the country's divorce from the European Union will mean for them when they hold their first meeting since the Brexit vote. Hammond is to meet wi ...

Daily Headline - global.abi.org - 09/06/2016 - 23:16 - 0 comments

2 Months After ‘Brexit’ Vote, Britain’s Push to Leave E.U. Is a Muddle

Since Britain’s vote in June to quit the European Union, its government has promised repeatedly to make a success of withdrawal, known as Brexit, the International New York Times reported. More than two months later, however, it still cannot say how. ...

Daily Headline - global.abi.org - 08/31/2016 - 20:33 - 0 comments

UK Mortgage Lending At Lowest Level In 18 Months

Mortgage lending in the UK has fallen to its lowest level in 18 months and consumer borrowing has slowed down, suggesting consumers are turning away from large purchases after the Brexit vote, the Financial Times reported. The comprehensive official ...

Daily Headline - global.abi.org - 08/30/2016 - 22:53 - 0 comments

UK Plans Tougher Penalties For Offshore Tax Evaders

Proposals to toughen penalties for tax evasion have been published, as the authorities prepare to receive a big tranche of new data on offshore accounts, the Financial Times reported. The government is proposing new legislation requiring taxpayers wi ...

Daily Headline - global.abi.org - 08/24/2016 - 22:02 - 0 comments

UK Mortgage Approvals Slump In Wake Of Brexit Vote

Mortgage approvals in the UK slumped to a 1½-year low in the month after the Brexit vote, according to a high street banking report. Loans for house purchases slipped 5 per cent to an 18-month low of 37,662 in July, down from 39,763 in June, according to ...

Daily Headline - global.abi.org - 08/24/2016 - 22:03 - 0 comments

Royal Bank Of Scotland’s Woes A Major Obstacle To Recovery

The former head of Royal Bank of Scotland said in 2009 it could take up to five years to recover from the biggest bank bailout in British history, the Irish Times reported. At the time, this seemed a formidable period for British taxpayers to wait be ...

Daily Headline - global.abi.org - 08/23/2016 - 22:50 - 0 comments

Brexit To Cut Scottish Tax Revenue, Says Sturgeon

Brexit will hit the Scottish economy and cut the semi-autonomous government’s tax revenue by as much as 13 per cent by 2030, First Minister Nicola Sturgeon’s administration said, the Irish Times reported on a Bloomberg News story. Depending on the po ...

Daily Headline - global.abi.org - 08/23/2016 - 22:51 - 0 comments

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