Treasury

Three consultation papers focusing on how to enhance the competitiveness of the UK's asset management industry have been announced by the economic secretary to the Treasury, Kitty Ussher MP.

Alistair Darling should reject setting up an American-style mortgage agency as a way to give a long-term boost to the crippled housing market, according to Sir James Crosby, the former chairman of HBOS, The Times reports.

Gary Hoffman, vice chairman of Barclays, has been appointed as chief executive of Northern Rock on a basic salary of £700,000.

Business leaders have welcomed a government climbdown on the taxation of companies' foreign profits, but said that there was still more work to do before both sides could reach an agreement that would pave the way for a new tax policy, The Times reports....

The Government is expected to re-write its own rules on borrowing in order to avoid forcing up taxes, The Telegraph reports.

A damning report into the near-collapse of Equitable Life will highlight failings by government regulators and pave the way for billions of pounds in compensation to be paid out of the public purse, The Telegraph exclusive reveals.

The Treasury has today announced a raft of new measures to help struggling households deal with their financial problems.

The banking industry has attacked the Government's plan to pay out part of a depositor's savings within a week of a bank going bust, The Telegraph reports.

The Treasury Committee has requested stakeholders to provide written evidence for its enquiry into offshore financial centres (OFC).

The Bank of England has unveiled details of its plans to restart the money markets and prevent further damage to the UK banking system.