The Institute for Fiscal Studies has reported that they expect Gordon Brown to have a shortfall of £11 billion to continue with planned social reform.
They suggest that either borrowing, or taxes, will have to rise after the next election.
Although many analysts believe that Gordon Brown will fail to maintain his “Golden Rule” of borrowing over […]

The European Comission has reported that a number of European countries are failing on employment targets and reforms set out in 2000’s Lisbon Agenda.
Seeking to create economic reform to aid employment and economic growth, to develop a powerful and flexible pan-European economy, the original recommendations have been poorly implemented.
Only the UK, Ireland, the Netherlands, Finland, […]

The London Stock Exchange (LSE) has rejected a second bid by German company Deutsche Boerse.
Despite offering 530p on the share, the LSE declared that the offer had failed to realise the “inherent value” of the LSE.
Talks continue with Euronext, who have yet to make any formal declaration on the move.
There is an expectation on […]

Chief City regulator, the Financial Services Authority (FSA), had its credibility questioned as an appeal by Legal & General over £1.1m fine imposed by the FSA was overturned.
Although the tribunal agreed that Legal & General’s selling policy was “defective” at the time, and had not provided sufficient detail of risks to customers, it also noted […]

Harris Associates, a US fund management company with just less than a 5% stake in Deutsche Börse, added to the investor discontent about the German company’s expected take-over offer for the London Stock Exchange (LSE).
TCI, which holds just over 5% in Deutsche Börse, has already issued a demand for an Extraordinary General Meeting, which it […]