UK unemployed down by 14,000
UK unemployment fell in the three months to December 2012, while the number of people in work jumped to a new record.
Andrew Bailey appointed Bank of England deputy governor
Andrew Bailey will become a deputy governor of the Bank of England and chief executive of the bank’s new prudential regulation authority (PRA) from 1st April 2013.
Bank of England holds interest rates and refrains from further QE
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
Child benefit – the changes explained
Child benefit is changing from 7th January 2013. Households where at least one person earns more than £50,000 will have the benefit effectively reduced or stopped. Pension contributions can help reduce the loss of child benefit.
Retail Distribution Review Update
The Financial Services Authority (FSA) will implement their Retail Distribution Review from today (1st January 2013). This is aimed at