THE FINANCIAL SERVICES AUTHORITY has lost friends at the Treasury it seems - contrary to suggestions from the FSA last week - as the Chancellor has thrown his weight behind Tony Blair's criticism of the regulator, says this morning's Daily Telegraph...
FOLLOWING CRITICISM of the chancellor's spending review on Monday, the Guardian this morning says Brown expects to plug the gap thanks to an improvement in financial services and the revenue earned by city workers' huge bonuses.
Pension poverty in the UK will be "eliminated by 2010", says chancellor Gordon Brown thanks to the additional money it is spending on pensioners.
Funds are being taken from the capital modernisation fund to help finance an additional 120,000 childcare places by 2007-08.
Chancellor of the Exchequer Gordon Brown has unveiled a huge raft of additional spending allocations for public services which should amount to a public spend of £340bn by 2007-08.
THE FT claims it has seen a draft of the Pensions Bill - due out today - which indicates the government is going to run with a flat rate levy rather than a risk-based premium scale to fund the new pensions protection fund.