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My ‘impatient and strong-willed’ character helped Britain avoid a worse recession, claims Brown »

The Prime Minister insisted his actions had steered the country through a ‘great recession’ and helped it avoid sinking into deep depression.
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March 10, 2010 | Posted in Money | Read more »

Online bank fraud surges 16% putting millions of accounts at risk »

In each phishing scam, thousands of account holders are targeted by criminals, who send emails pretending to be from the customer’s bank and directing them to enter their password on a bogus website.
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March 9, 2010 | Posted in Money | Read more »

Banks may be forced to pay back £4bn in mis-sold insurance scam »

City watchdogs have published their first estimates on the scale of repayments due to people sold payment protection insurance (PPI) alongside personal loans, mortgages, credit and store cards.
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March 9, 2010 | Posted in Money | Read more »

Pound falls below $1.50 again as credit agency warns that efforts to cut deficit are moving at ‘pedestrian pace’ »

Influential ratings agency Fitch warned that the shortfall in the country’s finances must be reduced quickly because the nation’s credit profile has ‘deteriorated’.
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March 9, 2010 | Posted in Money | Read more »

Complaints about bailed out banks up by a third »

Royal Bank of Scotland and Lloyds Banking Group have seen a huge increase in complaints about overcharging, hikes in credit card rates and mis-sold insurance.
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March 8, 2010 | Posted in Money | Read more »

Complaints about bailed out banks up by a third as customers hit by overcharging and hikes in credit card rates »

Royal Bank of Scotland and Lloyds Banking Group have seen a huge increase in complaints about overcharging, hikes in credit card rates and mis-sold insurance.
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March 8, 2010 | Posted in Money | Read more »

Royal Mail buys off postmen with inflation-busting SEVEN PER CENT pay rise for working LESS »

A deal aimed at ending the long-running postal workers dispute was agreed today, including a 6.9 per cent pay rise over three years, a shorter working week and greater job security.
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March 8, 2010 | Posted in Money | Read more »

Britain steps up pressure on Iceland as its voters reject latest deal to pay back £2.3bn »

With around half of the ballot counted yesterday, 93 per cent had voted ‘no’ over whether to repay the billions owing to both Britain and Holland.
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March 7, 2010 | Posted in Money | Read more »

Iceland rejects latest deal to pay back £2.3bn to Britain »

The scale of the 93 per cent ‘No’ vote demonstrated the anger Icelanders feel a year-and-a-half after their island’s economic collapse became a symbol of the global financial crisis.
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March 7, 2010 | Posted in Money | Read more »

Prudential’s £23bn Asian deal ‘in fast lane’ »

Prudential bosses will meet leading shareholders this week with a promise from key regulators in the Far East to fast-track approval for its £23 billion takeover of AIG’s Asian unit, AIA.
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March 6, 2010 | Posted in Money | Read more »