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U.K. markets news

Inflation 'may hamper Carney', warns ITEM Club
The Ernst & Young ITEM Club said �the persistence of high inflation could undermine the Monetary Policy Committee's credibility� and �tie [its] hands�.
Britain faces years of high inflation  The Independent
High inflation is 'here to stay'  Evening Standard
The Times (subscription)   Related articles »  
Marks & Spencer under fire over online tax arrangements
Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.
M&S becomes embroiled in tax row  The Independent
M&S under tax spotlight for using Irish arm in billing  Telegraph.co.uk
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Sir Mervyn King issues Help to Buy mortgage warning
The outgoing governor of the Bank of England Sir Mervyn King has warned that a government scheme to help the housing market should not become permanent.
He urged the return of 'healthy' system of competing high street lenders  Daily Mail
Leaders: Good reasons for demonisation of bankers  Scotsman
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Yahoo Deal Shows Power Shift
Yahoo Inc. has agreed to pay $1.1 billion for Tumblr, a six-year-old company with more than 100 million users but very little revenue, a deal that highlights the shifting balance of power in the technology business.
Yahoo buys start-up Tumblr for $1bn  Financial Times
Yahoo poised to buy Tumblr for rumoured $1.1bn  The Guardian
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David Cameron warns overseas territories on tax
Prime Minister David Cameron has urged British overseas territories to "get their house in order" and sign up to international treaties on tax.
Tax Evasion in UK Territories Must End, Cameron Tells Islands  Businessweek
This is a new, farcical low and David Cameron is losing control  The Guardian
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Google chairman Eric Schmidt softens line on tax loopholes
Google's chairman, Eric Schmidt, has said he welcomes promises by international leaders to crack down on tax loopholes exploited by the search firm and other multinational internet businesses that take billions of pounds of sales from the UK through ...
Former employee ready to expose Google's tax plans  Financial Times
Google chief Eric Schmidt criticises politicians over tax row  Telegraph.co.uk
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House prices reach new highs showing signs confidence is returning to the market
House asking prices have soared to a new high showing further signs of confidence returning to the market, a property website reported today.
U.K. Home Asking Prices Increase 2.1% to Record, Rightmove Says  Bloomberg
Average house costs nine times the average salary  The Sun
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High streets see footfall increase
Helped by the warmer weather, footfall on the high-street rose 3.4pc year-on-year in April, the biggest increase since the run-up to Chrismtas in 2011.
'Optimism' as shopper numbers rise  BBC News
The Business Matrix: Monday 20 May 2013  The Independent
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UK Warns Independent Scotland Would Have High Risk in Bank Sector
LONDON�An independent Scotland would have an exceptionally large banking sector compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk if the country is hit by another ...
Scotland warned of bank risk  Financial Times
Scottish Independence: Treasury claims savers would not be protected  BBC News
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Scottish jobs barometer shows beginning of 'robust' recovery
A strong rise in the number of people taking up permanent and temporary jobs could be the beginning of a "more robust" recovery, new figures suggest.
Jobs and wage growth gain pace in Scotland  Scotsman
April sees faster rise in filling of full-time job places  Herald Scotland
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