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Sunday 10 February 2013

UK Financial News on 2013-02-10

Barclays shuts 'tax avoidance' unit
Barclays is to close down a controversial part of its business which helps clients avoid tax, the BBC understands......

'Fully-funded' policy on social care
The government hails its "fully-funded solution" for elderly people in England who cannot afford social care, but campaigners are wary......

Horsemeat scandal leads to Romania
The Romanian government is investigating whether horsemeat discovered in beef products in Britain and France came from an abattoir in Romania......

VIDEO: Your Money: Switching bank accounts
In this week's Your Money, Declan Curry asks whether new plans to help you switch your current account will work, and how to save money on water bills......

How can you pay for long-term care?
The options if you need to find the money for a home or help.....

John Timpson: Gift vouchers serve a purpose and can help bring in new customers
Straight-talking, common sense from the front line of management<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286d25f8/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/155984.....

Man from Mongolia waits in wings to take charge at Bumi
Nat Rothschild has lined up Brock Gill to be the next chief of Bumi.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286d25f9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15.....

Consumers to foot 4bn bill in event of 'Big Six' crash
Householders could be forced to provide up to 4bn to meet the cost of any of the six leading energy suppliers going out of business, under revised plans drawn up by the Government to avoid market chaos.<img width='1' height='1' src='http://telegra.....

Cash returns are on the horizon as mining investors call the shots
Mining investors are hoping that a change of guard at the top could see them showered in cash over the next few years. However, it's probably best that they don't hold their breath.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....

Diageo invests in gin following sales surge
Drinks giant Diageo is pouring fresh investment into its gin brands, Gordon's and Tanqueray, to take advantage of a surprise surge in sales of the spirit in hard-hit economies such as Spain and the UK.<img width='1' height='1' src='http://telegrap.....

M&S looks for comfort in overseas markets
Chief executive Marc Bolland emphasises store outlets in Istanbul and China, writes Graham Ruddick<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286d2600/mf.gif' border='0'/><br/><br/><a href=".....

Barclays to begin repairing reputation
Barclays will begin the process of repairing its damaged reputation on Tuesday, admitting that the "old ways weren't the right way to behave".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286d2602/mf.gif' borde.....

Monday Interview: Paypal creator has Mars in mind with backing for start-ups
Has helped launch Founders Fund to support entrepreneurs with the vision to change the world .<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286d2603/mf.gif' border='0'/><br/><br/><a href="http.....

UK and China collaboration is a win-win situation for both countries
It is a decade since I left Britain, having been Chinese ambassador here for more than five years, but I closely follow relations between our two countries.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286d23c6.....

300m swoop gives Lion a Good Hair Day
Lion Capital, the private equity firm linked to Findus, has made a 300m swoop on ghd, the company behind the ceramic straightening irons advertised by Katy Perry.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28.....

We need a strategy we can believe in, not Mr Micawber's blind optimism
A change in policy is in the air. About time too. Not only was the last quarterly GDP growth figure negative but the next one may also be pretty weak.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286cad44/mf.gi.....

Both the Government and the Bank need to instil confidence
A change in policy is in the air. About time too. Not only was the last quarterly GDP growth figure negative but the next one may also be pretty weak.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286c49ef/mf.gi.....

China trade now bigger than US
China is now the largest trading nation in the world in terms of imports and exports, after overtaking the US last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286a6e1d/mf.gif' border='0'/><br/>&.....

Private hospital giant in talks on 2bn debt
The owner of Britain's biggest private hospital operator is looking to secure a financial lifeline as the company faces an autumn deadline to repay billions of pounds of loans.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....

First steps on the finance footpath
Financial education will likely become compulsory in schools across England next year. Jessica Winch visits a school where pupils are already learning money skills.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Dashwood: Park life for Richard Caring's 20m new neighbour
Caprice Holdings tycoon Richard Caring has a new neighbour.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2869297f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15598463027.....

How to be your own boss
A growing number of people are becoming self-employed. We tell you all you need to know.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/28692980/mf.gif' border='0'/><br/><br/><a href="http://da......

144? SSE boss agrees it's not worth the energy
The incoming chief executive of energy firm, SSE, has agreed to give up the staff discount on his energy bill and donate it to charity after his predecessor faced criticism for accepting the 12pc reduction.<img width='1' height='1' src='http://tel.....

Inquiry into secret files kept by banks
Allegations that banks are sharing a secret, informal list which contains "unsubstantiated" allegations about their customers are to be investigated by Britain's data regulator.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

Drinks industry condemns plan for minimum alcohol pricing
The Government's controversial plan to introduce a minimum price for alcohol is based on flawed evidence about the impact it will have on health and crime, according to a report to be published by the drinks industry this week.<img width='1' heigh.....

Standard Chartered planning to push into Iraq
Standard Chartered is planning a major push into Iraq as oil majors and development companies from Asia demand greater financial services support in the country.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/286.....

Cameron to push G8 on finance bonds for new 'social investment'
David Cameron is to throw his weight behind radical plans to bring private investors into public services through rapidly growing new financial products called social impact bonds.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Qatar chief joins Heathrow board
The head of Qatar Airways who has said the prospects for the UK economy would be "catastrophic" without a third runway at Heathrow has joined the board of the airport's parent company.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

RWE warns on UK energy policy
German energy giant RWE has warned it will significantly scale back its investment in Britain unless the Government provides "desperately needed" certainty over energy policy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Pub company raises 10m for expansion
A new pub company co-founded by David Bruce, the architect of the Firkin and Slug and Lettuce brands, is raising 10m to build a network of local inns in traditional market towns, such as Henley-on-Thames.<img width='1' height='1' src='http://teleg.....