Daily Almanac for
Jul 19, 2008
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U.K. Business News

From The Financial Times

Web no threat to TV, says UK expert
A media academic from the London Business School warns broadcasters and national newspapers not to be fooled by the threat from internet innovations
City regulator in mortgage fraud crackdown
Growing evidence of home loan fraud is forcing the City watchdog into a crackdown on UK brokers that could see them facing tougher scrutiny
Luxury market feels the pinch
Inflation in luxury goods and services has dropped sharply in the past year, suggesting even the wealthy are feeling the effects of the downturn
Halifax cuts cost of home loan deals
The UK's largest lender brings momentum to the trend of falling mortgage rates as it reduced its two- and five-year fixed rates by up to 15 basis points
Public finances worsen
The UK's finances have deteriorated faster than expected as the economic slowdown takes its toll on tax revenues, official data showed on Friday
PM under fire for not aiding institute inquiry
Gordon Brown came under fire for refusing to co-operate with a regulatory inquiry into a think-tank, which was yesterday criticised for failing to maintain the...
Brown looks set to reform fiscal rules
Gordon Brown's longstanding claim to the mantle of economic competence was mocked yesterday by his rivals, after it emerged the UK government is considering relaxing...
Party spirit dips as British trade unions declare payback time
Desperate times require desperate measures. Britain's ruling Labour party is so strapped for cash that it staged a celebrity auction this month to help service debts...
Diverse choices in Riba Stirling Prize shortlist
The shortlist for the 2008 Riba Stirling Prize, British Architecture's most prestigious award, announced yesterday offersa diverse and intriguing line-up, writes...
Battle for savings ends as top fixed-rate deals pulled
The top two fixed-rate savings deals have been withdrawn just weeks after launch, in a sign that lenders are no longer battling for customers' cash to offset the...
Fixing Britain
It will need a series of complex local interventions, not the rebadging of ideological policies that aim to solve phantom general problems
Made to be broken
So Gordon Brown's fiscal rules are to be replaced with new ones. But resolutions are never easy to keep, especially not when relying on willpower alone
Tax change could lift British borrowing
British finance ministry officials are working on plans to reform the prime minister's fiscal rules on government spending and debt, with a new framework which would...
Watchdog verdict on Smith Institute's links
A Charity Commission report is expected to rebuke the think-tank, closely identified with Brown, for straying from its educational remit into party political territory
Alert over Revenue's ?2.7bn shake-up
Public spending watchdog warns that the programme to transform the way Revenue & Customs works may not pay off as one of the project's main components suffers a delay
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