Cheaper Power Tariffs Under Energy Shake-Up

Energy Secretary Ed Davey will flesh out proposals later to ensure all households are on the cheapest gas and electricity tariffs available. After weeks of confusion about the Government's plans to simplify...

UK Banks downgraded by Moody's rating agency

On Thursday 6th October 2011 Sir Mervyn King the Bank of England's governor expressed fears that Britain is in the grip of the world's worst ever 1930s-style shortage of money financial crisis, after the Bank of...

Government Set to Takeover HBOS as Lloyds TSB Merger Flounders

THE government is set to make an announcement before the markets open this morning of a £49bn rescue package, which will in effect mean that the government becomes the majority shareholder in the HBOS group,...

UPDATE: HBOS has Merged with Lloyds TSB - Deal Secured

Lloyds TSB have bailed out HBOS and signed a merger deal, which will make the group one of the biggest banking groups in the world.  There were job fears amongst Halifax Bank of Scotland employees today as...