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Head of IoD calls for purge of UK banks

Simon Walker of Institute of Directors calls for 'clearout' at high street banks after mis-selling scandalsThe head of the Institute of Directors (IoD) led the mounting clamour on Friday from the City,...

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Banking scandal: 'the rot was widespread, the corruption endemic' | Vince Cable

Urgent action is being taken by the coalition to tackle the incompetence and greed exposed by interest-rate rigging affairLast week's banking scandals demolished a convenient myth: that the banking...

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Barclays banking scandal: time to come in from the cold on reform

Now the full extent of the Barclays duplicity is revealed, tough measures must include heads rolling and the threat of an inquiryJohn le Carré's Tinker, Tailor, Soldier, Spy is one of the great postwar...

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David Cameron becomes Britain's new Harold Wilson over EU referendum

Prime minister lays ground for referendum after EU negotiations in which UK would be lucky to secure cosmetic changesDavid Cameron will loathe the comparison. But he is lining up to become the new...

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Liam Fox: life outside European Union holds no terror

Ex-defence secretary says UK has 'maximum leverage' to seek new EU terms but dismisses immediate referendum on quittingThe former defence secretary Liam Fox has insisted the UK currently has "maximum...

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UK economic outlook slumps on eurozone crisis

UK may lose triple-A rating if GDP growth continues to disappoint, Moody's ratings agency warnsThe UK's economic outlook has weakened as a result of the eurozone debt crisis, Moody's has said in a...

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Funding for Lending scheme launches amid scepticism

Government's attempt to inject £80bn into the economy through increased mortgage lending and small business loans fails to convince expertsThe government's £80bn scheme to kickstart the economy by...

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How Britain can make more 'things' | Jürgen Maier

Now is not the time to panic, but for the private and public sector to invest long term in skills and – preferably green – technologyData published today has shown that the manufacturing sector shrank...

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Bundesbank warns over eurozone crisis as ECB prepares to meet

Central bankers play down claims by European politicians about the 'unlimited firepower' for bailout fundsEuropean politicians and central bankers were at odds on Wednesday on the eve of a crucial...

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Letters: The Tory plan to crash the economy

The idea that George Osborne is a part-time chancellor with a second job (Osborne reeling as economy enters the disaster zone, 26 July) misses the point. Osborne is a full-time party strategist and he...

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Jeremy Hunt: Olympics the best gift London businesses could ask for

Culture secretary says people need to take a longer view after claims the Games have turned the capital into a 'ghost town'Having the Olympic Games in London is "the best possible gift you could ask...

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Derek Scott obituary

Former Blair adviser who foresaw dangers from the European single currencyDerek Scott, who has died from cancer aged 65, was a former economic adviser to Tony Blair in Downing Street and a first-hand...

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Why Cable's RBS nationalisation dream may not ease credit flow | Nils Pratley

Fully nationalising RBS would not only be politically tricky to navigate, it may not actually have the desired effect overallWould fully nationalising Royal Bank of Scotland actually improve the supply...

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NIESR scales back UK growth predictions

Thinktank says slowdown in all global regions and ill-timed austerity measures have hit UK economy more than expectedBritain's economic prospects are being hit by the first worldwide slowdown of the...

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Councils promote growth by tapping into London's manufacturing base

East London is the centre of the UK's hopes for a return to economic growth. Local authorities can learn by its exampleLast week's worse than expected GDP data – a 0.7% contraction in the last quarter...

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Cameron poised to drop Lords reforms

Coalition to announce abandonment of constitutional changes to focus on 'jobs, jobs, jobs', striking blow to Nick CleggDavid Cameron is poised to announce the abandonment of House of Lords reforms and...

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George Osborne woos technology firms at Olympic business summit

Appeal to international industry comes as NIESR figures show chancellor could have avoided double dip recessionGeorge Osborne has asked technology businesses to invest in the UK, insisting that the...

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£7.22 an hour - the price of a reasonable life in Manchester

Ten percent of the city's wage-earners are well below that figure and a quarter only 50p above it. The situation is paralleled in other northern citiesYou need to earn £7.22 an hour to have a...

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The investment strike is one the government would do well to bust | Michael...

The private sector's refusal to invest ensures that household and business suffer inflation, while the economy stagnatesSome City economists are discussing the possibility of a "triple-dip" recession...

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Three myths that sustain the economic crisis

Five years ago the banks stopped lending to each other. Larry Elliott on why the temporary, technical problem is still with usThe summer of 2007 was a run-of-the-mill affair. Tony Blair had stepped...

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