Millions of families could face council tax increases of up to 2 percent in April after a decision to cut local government spending by 6 percent next year.
UBS RATE RIGGING ON ‘EPIC SCALE’
The corruption at the heart of the City of London was laid bare on Wednesday as UBS was hit with 940 million pounds ($1.5 billion) of nes after traders were found to have bribed rival bankers in a conspiracy to rig Libor and line their own pockets.
US MORTGAGE LENDERS COULD HAVE LOST $3 BLN IN LIBOR SCANDAL
The United States’ two largest mortgage lenders could have lost more than $3 billion as a result of banks’ alleged manipulation of Libor.
BAE Systems has warned prots could fail to meet City of London expectations because the defence group has still not agreed a price with Saudi Arabia for its Typhoon ghter jets despite securing the order ve years ago.
INQUIRY INTO ‘PLOT TO OUST MITCHELL’
London’s Scotland Yard police on Wednesday opened a 30-ofcer investigation into whether there had been a police-orchestrated conspiracy to end the career of Andrew Mitchell, the Conservative Cabinet minister.
When he takes over at the Bank of England next year, Mark Carney will receive a 250,000 pounds housing allowance.
Facebook founder Mark Zuckerberg is following in the footsteps of tech philanthropist Bill Gates, donating half a billion dollars of shares to charity.