Finance heads of Europe’s largest economies have urged banks to step up
efforts to disclose their sub-prime losses so as to restore investor confidence
in the markets.
At a Paris meeting yesterday, minsters from France, Germany, Italy and the UK
agreed to increase the pace of improving transparency, co-ordinating national
regulators, reviewing the role of credit rating agencies and strengthening
management of liquidity risks.
French minister Christine Lagarde called on banks to ‘accelerate’ their
efforts to identify and write down bad debts to ‘clearly improve the level of
confidence in the markets’.
‘We are united in our determination to make progress and to make progress
quickly,’ said UK chancellor of the exchequer Alistair Darling.
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed