Bank customers are being warned that they are unlikely to be able to keep money credited to their account in error. About 100 people fall victim to funding errors a year and the Financial Ombudsman highlighted in the statement that only a few rulings have been made in history that allowed the customers [...]

  The Bank of England will have to keep interest rates at current lows to counter-balance the government’s spending cuts say leading economic forecasters Ernst & Young. Professor Peter Spencer from the group said: "A base rate of 0.5% will begin to look like the new normal." Rates have stood at their current low since [...]

  Technology is high on the list of many accountancy firms, the problem is a lot companies are not sure what to use or how/if it will benefit business. Implementing technology can be anything from a simple data collection tool to allow you to keep track of clients and their service history to creating your [...]

    Brighton is the major part of the City Brighton and Hove on the south coast of the UK. With a population of 155,919 its main density of employment is linked to the digital media or ‘new media’ sector. American Express is the largest private employer in the city with over 3000 people working [...]

  Government Officials have announced savers who lost money in the Equitable Life Pension scheme will receive payment from the middle of 2011. Treasury Minister Mark Hoban said that savers will be awarded compensation for their “relative loss as a result of regulatory failure.” A commission set up to handle the compensation will report back [...]

    Vince Cable’s announcement last week regarding a ‘graduate tax’ is thought to be rejected as “unlikely’ option by the coalition government. Just last week the Business Secretary set out the advantages of a ‘tax’, calling it a “fairer repayment option.” But it is now thought that the idea will be scrapped in favour [...]

BAM Investor have put forward a model that suggests Apple shareholders may experience a huge drop in share prices this Autumn or Autumn 2011. The figures put forward state that the shares may drop from their current 52 week high at $270 (£177) to around about $45 (£29) which is a drop of around 80%. [...]

The cost of completing insolvency could rise if new Office of Fair Trading (OFT) proposals to introduce a complaints commission comes to fruition.  Experts from the industry warn that the industry-funded complaints process would add an additional expense that would be passed onto creditors Insolvency:  Not a good experience for those concerned   John Alexander [...]

The World’s third largest economy is showing signs of cooling down after figures released today showed that growth was down 1.6 from the first quarter. The Chinese Government target is a growth of around 8% but for the first quarter of 2010 China saw a growth of 11.9% and now recent figures suggest that that [...]

Surveyors have revealed they expect house prices to drop dramatically over the next few months, with some even suggesting that it may take up to a decade before we see prices near to the ones recent years. The Royal Institution of Chartered Surveyors (Rics) revealed that in July new buyer enquiries dropped for only the second time in [...]

Unemployment fell for the first time since January.  According to official figures, in the three months leading up to may the number of unemployed fell by 34,000 to 2.47m in the UK. In further good news, Jobseeker’s Allowance claimants fell by nearly 21,000 to only 1.46m. The number of people in paid employment rose by [...]

By Lloyd Cole-Nolan Research shows that there’s a growth maximising level of government. Research released recently shows that there is a direct link between Government size and the performance of an economy.   According to the Cato institute, the best level of government spending is between 15% to 25% of GDP, but could possibly be lower.  [...]