The nationalisation of Northern Rock can now be formalised after emergency
legislation permitting troubled banks to be taken into public ownership was
accepted by MPs and peers yesterday.
Opposition parties abandoned their attempt to make the bank subject to
freedom of information laws, ending fears of a prolonged battle, according to
When an extended bout of parliamentary toing and froing appeared inevitable,
the upper chamber ended the stand-off and the banking (special provisions) bill
was granted Royal Assent.
Ministers must now secure approval for an order specifically transferring the
bank to public ownership, using the new powers.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements