Osborne: Lloyds Bank sell-off done 'within the year'

Chancellor George Osborne has said he hopes the sale of the UK government's shares in Lloyds Banking Group will soon be completed.

FCA's £819m in fines revenue gives Osborne room to fund worthy causes

The Financial Conduct Authority has imposed more than £800m of fines on banks and other companies in the first half of this year – giving the chancellor the opportunity to make eye-catching allocations to worthy causes in this week’s budget.

Royal Mail stake to be sold off, George Osborne announces

The government's remaining 30% stake in the Royal Mail is to be sold and £3bn cut from government spending this year,

George Osborne has said.

Retailer Next cuts profit forecast after warm weather

Retailer Next has cut its forecast for 2014 profit after a mild autumn reduced demand for winter clothing.

Barclays to move 2.3m Isa savers

Barclays will shift 2.3 million savers on to a new Isa product with two-thirds of them getting a worse interest rate.

Buoyant jobs market largely fails to translate into pay rises, figures show

The squeeze on British households will return to centre stage this week as official figures confirm a buoyant jobs market is failing to deliver pay rises for most workers.

Lloyds Bank's Horta-Osorio defends £1.7m bonus to BBC

Lloyds Bank chief executive Antonio Horta-Osorio says in an exclusive interview with the BBC that his bonus, worth £1.7m, is aligned with taxpayers' interests.

Royal Bank of Scotland set to report up to £8bn losses for 2013

Royal Bank of Scotland is on track to report up to £8bn in losses for 2013 after taking a fresh hit for conduct and mis-selling issues, forcing its top management to refuse any bonuses for the year.

Autumn Statement: Business rate rises to be capped

Increases in business rates in England are to be capped at 2%, instead of being linked to inflation, the Chancellor, George Osborne, has announced.

Lloyds Bank privatisation begins

The government's sale of Lloyds Banking Group has begun, with big investors being offered 6% of the bank.

Lloyds Stake Said to Attract Interest From Davies-Led Group

Former Standard Chartered Plc Chairman Mervyn Davies is working to assemble an investor group to bid for part of the U.K. government’s stake in Lloyds Banking Group Plc (LLOY), according to a person with knowledge of the talks.

Manufacturing firms stuck in a rut, CBI survey shows

Britain's manufacturers have been stuck in a rut for the past three months, despite signs of a revival in other parts of the economy, according to the latest survey from the CBI.

RBS prepares succession plan for Hester

Royal Bank of Scotland is grooming Nathan Bostock, the state-backed lender’s restructuring boss, for the top job as part of long-term plans to replace chief executive Stephen Hester.

Firms rush to relocate in low-tax Britain

More than 40 multinational companies have inquired about relocating their headquarters to the UK because of the cuts in corporation tax.

Banking reform 'still does not go far enough'

The government's proposed reforms of the banking sector still do not go far enough, according to a banking commission set up in the wake of the Libor scandal.

Barclays and RBS disclose number of staff paid £1m-plus

A total of 428 employees of Barclays and 93 at RBS earned more than £1m last year, the banks have disclosed. Five members of staff were paid more than £5m, the Barclays said, but they did not include the chief executive, Antony Jenkins, who received £2.6m.

Tax: Starbucks in talks with UK's Revenue and Customs

Global coffee chain Starbucks has said it is in talks with HM Revenue and Customs and the Treasury over how much UK tax it pays.

Osborne to advertise for Bank of England governor

George Osborne is poised to advertise for a new Bank of England governor in the autumn to replace Sir Mervyn King.

Global firms 'may rethink India' over tax proposal

Seven international trade associations have written to Indian Prime Minister Manmohan Singh criticising a new tax proposal under which even 50-year-old corporate deals could be scrutinised.

Osborne confirms banks must ringfence retail banking

Chancellor George Osborne has backed most of the recommendations in the Vickers' banking report, including protecting retail banking from riskier investment activities.