Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.
Britain's shale gas reserves could �be a new North Sea for Britain�, meeting more than a third of annual gas needs, reducing dependence on imports and generating significant tax revenues, according to the Institute of Directors.
Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.
The U.K.'s tax office is failing to curb error and fraud in the delivery of tax credits and as a result is falling short of its target for losses, a panel of lawmakers said.
Bwin.party's tactical shift of its customer database from quantity to quality contributed to a 17 per cent fall in the online gambling group's first quarter net revenues.