Cruickshank criticises government
Don Cruickshank, the author of a critical report on the banking industry, has accused the government of backing away from implementing his recommendations after pressure from banks. Mr Cruickshank writes in today's Financial Times: "The banks are trying to enforce the old regulatory contract" and are "bent on opposing measures to open up retail banking markets"....more
OVERSEAS TAX PLANS
Government admits understating impact
The government on Thursday admitted it might have understated the impact of Budget measures to tighten tax rules relating to the overseas income of British-based multinationals. ...more
TRANSPORT
Prescott to be 'aggressive' in fight for funds
John Prescott, deputy prime minister, has vowed to be "pretty aggressive" in extracting more money for transport from the chancellor. ...more
INFLATION
Changes to have 'only modest effect'
Measures announced in the Budget will have only a modest impact on inflation, the Office for National Statistics said on Thursday. ...more
EDUCATION
Blunkett to kick-start inner city 'academies'
The government is to kick-start proposals for business-led "city academies" in Britain's inner city problem areas with an injection of £60m in extra cash, David Blunkett, education secretary, announced on Thursday. ...more
MANAGED FUNDS
Dark forces face the light
The government's review of the fund management industry was granted only one sentence in the Budget speech but it is likely to have a far-reaching impact on pension fund trustees, investment consultants and portfolio managers....more
COMMENT
Searching for the e-society
Despite converging European attitudes towards the new economy, governments are still uncertain of their role....
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Economy
