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British banks’ new disputes service too limited, MPs say

LONDON (Reuters) – Big British banks have been criticised by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. FILE PHOTO: The City of London from Read more ›

UK pay gap between CEOs and staff widens – lobby group

The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. Read more ›

Iran approves anti-money laundering bill to ease foreign trade

LONDON (Reuters) – A powerful Iranian council approved an anti-money laundering bill on Saturday, state media reported, a major step towards reforms that would bring Iran into line with global norms and could facilitate foreign trade in the face of Read more ›

UK mortgage approvals show first annual rise in 14 months – UK Finance

LONDON (Reuters) – A decline in the number of mortgages approved by British high-street banks flattened out last month, with the first year-on-year rise since September 2017, figures from industry group UK Finance showed on Friday. FILE PHOTO: Property sale Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

Brexit worries push UK house price gauge to six-year low – RICS

LONDON (Reuters) – A measure of British house prices hit a six-year low in November as the approach of Brexit put off buyers and sellers, a survey of property valuers showed on Thursday. FILE PHOTO: A woman passes the window Read more ›

Britain to force broadband providers to tell customers their best deals

LONDON (Reuters) – Broadband providers in Britain will have to tell customers about their best deals under planned new rules from telecoms regulator Ofcom aimed at tackling a ‘loyalty penalty’ that makes it difficult for long-standing customers to get the Read more ›

UK inflation expectations hit five-year high – BoE

LONDON, Dec 7 (Reuters) – The British public’s expectations for inflation in a year’s time have risen to a five-year high but fewer people expect an interest rate hike over the next 12 months, a Bank of England survey showed Read more ›

UK house price growth edges off five-year low – Nationwide

FILE PHOTO: A couple view properties for sale in an estate agents window in London, Britain August 22, 2016. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – British house price growth picked up slightly this month from October’s five-year low, but the Read more ›

UK short-run inflation expectations edge up to 2.7 percent – Citi/YouGov

FILE PHOTO: Shoppers are reflected in a shop window as they walk along Oxford Street on the last Saturday before Christmas, in London December 21, 2013. REUTERS/Luke MacGregor/File Photo LONDON (Reuters) – The British public’s expectations for inflation over the Read more ›