Ofgem stops short of lowest tariff ruling
LONDON - Energy regulator Ofgem stopped short of forcing energy suppliers to give their cheapest tariff, a political hot potato, in measures to simplify domestic gas and electricity bills on Friday.
Bank of Scotland fined 4.2 million pounds for mortgage errors
LONDON - The Financial Services Authority has fined Bank of Scotland (BoS) 4.2 million pounds for failures in its systems which meant it held inaccurate mortgage records for 250,000 of its customers.
Government scrambles to clarify Cameron's energy pledge
LONDON - The government scrambled on Thursday to clarify Prime Minister David Cameron's unexpected pledge to parliament that energy suppliers would be forced to give customers their cheapest tariffs.
Record number of Britons in work in August
LONDON - The number of Britons claiming unemployment benefit fell unexpectedly and employment rose to a record high, official data showed on Wednesday, defying the prevailing economic weakness.
New watchdog sees alternatives emerging to banks
LONDON - Britain's new financial watchdog is in talks with crowdfunders and other innovative sources of finance to give small firms more choice in raising funds, part of government efforts to increase competition in banking.
Inflation nears three-year low before energy bills rise
LONDON - Inflation fell to its lowest in almost three years in September, although the relief for consumers and policymakers may be temporary as energy bills are set to climb.
British Gas raises prices by 6 percent
LONDON - Centrica, the owner of Britain's biggest energy supplier British Gas, is raising its domestic gas and electricity prices by 6 percent next month, saying it was necessary to cover rising wholesale prices and upgrade costs.
Npower to raise gas and power prices from November
LONDON - The UK arm of German utility RWE on Friday became Britain's third energy supplier to raise power and gas prices from this winter, citing the cost of government schemes, transmission and higher wholesale prices.
David Cameron tells country more pain to come
BIRMINGHAM - Prime Minister David Cameron warned voters to brace for "painful decisions" on the economy on Wednesday but offered little new to alter a grim growth outlook which has derailed his efforts to cut the budget deficit.
FSA snubs call to water down financial reform
LONDON - The Financial Services Authority said it was pressing ahead with a reform of how consumers are sold investment products from January, dashing industry hopes for last minute changes.
Irish central bank berates lenders on arrears strategy
DUBLIN - A top Irish central bank official berated the country's banks on Tuesday over failing to solve their bad mortgages problem, revealing for the first time that almost one-third of buy-to-let mortgage accounts were in arrears or had been restructured.
ONS seeks views on RPI inflation reform as expert finds flaw
LONDON - An expert on indexes reported that a method used to calculate Britain's RPI inflation measure - key to many pay and pension rises - should be changed as it yields overly high figures, and the statistics office began consultations on reform.
Payments firm to offer business bank account
LONDON - A UK payments firm is offering a business bank account, which will challenge traditional lenders for the custom of small and medium-sized UK firms.
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