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Sunday 17 March 2013

UK Financial News on 2013-03-17

Cyprus postpones bank bailout debate
Cyprus postpones an emergency parliamentary debate on a controversial bank bailout deal that would impose a levy on savers' deposits......

Social care cost cap brought forward
The government will bring forward its overhaul of the pension system and social care funding by a year to 2016, the chancellor announces......

BP appeal over 'absurd' payouts
Oil giant BP takes legal action in the US to stop "fictitious" and "absurd" compensation payouts over the 2010 oil spill in the Gulf of Mexico.....

100m NI tax loophole to be closed
A tax loophole that allows firms to dodge 100m a year in National Insurance will be closed under a new scheme targeting offshore payroll services......

Empty home owner's council tax shock
Most automatic discounts for council tax on second homes and empty property end from April in England......

Pars pin hopes on new fan funding
Dunfermline say a "number of fans have expressed an interest in making substantial investments in the club"......

VIDEO: Cypriot threatens bank with bulldozer
Cyprus's parliament has postponed an emergency session on a controversial bailout deal for the country's banks.....

VIDEO: UK to help troops hit by Cyprus levy
Thousands of British expats in Cyprus could lose up to 10% of their savings, following a bail-out agreement with EU finance ministers and the IMF......

VIDEO: Is it the right time to buy a house?
With rents rising substantially and mortgage rates beginning to come down, is the time right for renters to step on to the property ladder?.....

VIDEO: Ex-BP boss on operating in Kurdistan
Kurdistan's oil industry has the potential to be lucrative but is not without its challenges, according the chief executive of Genel Energy......

VIDEO: Cypriot threatens bank with bulldozer
People in Cyprus have reacted with anger to news that a 10bn-euro ($13bn; 8.7bn) bailout package agreed in Brussels will force bank depositors to help foot the bill......

VIDEO: The next high-tech global hot spot?
While the UAE has had tech-successes like Cobone, US IT firm Cisco predicts the Palestinian territories are on the brink of becoming "the next high tech global hotspot".....

VIDEO: Daytrip figures rise amid downturn
New tourism figures show we're turning into a nation of daytrippers, choosing to explore attractions near where we live instead of spending time away from home.....

VIDEO: World records boost for Middle East
Middle East Business Report examines the growing appeal of setting new world records in the Middle East......

Budget 2013: What might be in it?
What to expect from this week's Budget.....

The sweet sound of quality success
German firms spent 400 years building a world class industry.....

Counting the cost of doping in sport
Why sports doping does not pay.....

Who has lost most from austerity?
Who has lost most and least from austerity measures?.....

Is buying cheaper than renting?
Is buying cheaper than renting?.....

Cypriots anxious about savings tax proposal
March 17 - Cash point machines dry up in Nicosia ahead of an emergency parliament vote on a levy on bank deposits, part of the EU bailout plan. Jessica Gray reports......

Union workers march against austerity in Spain
March 16 - Hundreds of union workers demonstrate against European Union austerity policies in the Spanish capital. Rough Cut (no reporter narration)......

Helicopter rescue poised for privatisation
Britain's privatisation programme is stepping up a gear with the imminent award of a 3bn helicopter outsourcing contract and further progress on the sale of the Government's 3bn stake in nuclear fuels group Urenco.<img width='1' height='1' src='ht.....

Pick up in property sparks M&S deal chatter
City bankers are looking to drum up would-be buyers to back an 8bn buy-out of Marks & Spencer, hoping the recent recovery of the commercial real estate could prove key to any deal.<img width='1' height='1' src='http://telegraph.feedsportal.com.....

Traders braced for market turbulence amid bailout chaos in Cyprus
Traders are braced for a turbulent day on European stock markets as leaders in Brussels and Nicosia try to secure a bailout for Cyprus amid a storm of controversy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....

London must capitalise on its many advantages as global city of choice
London is an extraordinary marketplace - it may no longer be home to the biggest stock market in the world, but it remains the world's pivotal financial centre.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29ab.....

Secrets of the Branded Gentry
Wit and wisdom from entrepreneurs whose companies bear their name.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29abd199/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1589.....

Fuller's ships abroad as beer duty bites
One in five pints produced by Fuller Smith & Turner is now shipped abroad, as Britain's traditional beer companies are forced to seek out new sources of income to overcome high taxes back home.<img width='1' height='1' src='http://telegraph.fe.....

Johnnie Boden's fashion brand is the love of his life
In an exclusive extract from their forthcoming book on the new breed of entrepreneurs who made their names by making names into brands, David Hopper and Charles Vallance meet British success story Johnnie Boden<img width='1' height='1' src='http:/.....

Whatever Osborne says, there are five ways to fuel the economy
Who would want to be Chancellor this week? In my 30 odd years of analysing budgets I have never known a situation as grim as this.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29abc4d2/mf.gif' border='0'/>&l.....

Property industry pin hopes on London safe haven
At the property industry's annual jamboree in Cannes, Angela Monaghan finds that the mood is upbeat, with professionals believing increasing demand will persist this year as investors continue to favour London.<img width='1' height='1' src='http:/.....

Property industry pins hopes on London safe haven
At the property industry's annual jamboree in Cannes, Angela Monaghan finds that the mood is upbeat, with professionals believing increasing demand will persist this year as investors continue to favour London.<img width='1' height='1' src='http:/.....

Brian Cox: 'Engineering is foundation of economy'
Particle physicist and TV science presenter, Professor Brian Cox, highlights importance of engineering to the economy as he selects winner of 1m global prize.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29abc4.....

Clegg: UK aerospace to recieve investment windfall
Britain's aerospace industry will receive investment totalling hundreds of millions of pounds in an effort to keep it ahead of international competition, Nick Clegg, the deputy prime minister, will announce on Monday.<img width='1' height='1' src=.....

China's new premier Li Keqiang 'to cut state control over economy'
China's new premier promised a smaller role for the state in the world's second biggest economy, pledging to give up control in a "painful" but necessary effort to support growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....

Week ahead in business and economics: March 18 - 22
After a week in which Tesco and Wm Morrisons revealed plans to deal with a decline in sales in traditional supermarkets, J Sainsbury is set to deliver a positive set of sales numbers in its trading update.<img width='1' height='1' src='http://tele.....

Mini accelerates to new sales record
Sales of Mini cars accelerated past the 300,000 mark last year for the first time since BMW relaunched the brand more than a decade ago.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29aa7cf1/mf.gif' border='0'/.....

Budget hopes: Pensioners
With a cap on care costs and a freeze on inheritance tax limits, pensioners in Kingston-Upon-Thames say the Chancellor is "storing up problems for the future" in the Budget.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/.....

Green-fingered Waitrose launches gardening range
Waitrose is branching out into the blossoming gardening market, launching a website offering tips on growing your own fruit and flowers, and a new gardening range in store.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....

George Osborne pledges to protect UK troops from Cyprus bank levy
Speaking on The Andrew Marr Show, the Chancellor said that troops and civil servants serving in Cyprus would be "protected" from the bank tax.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29a9d026/mf.gif' borde.....

Ofgem predicts energy squeeze on households
Ofgem has forecast that the six biggest energy companies will pump record profits from homes in Britain over the coming year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29a9c70b/mf.gif' border='0'/><br/.....

Cyprus delays debate on bailout
The Cyprus government has postponed a planned emergency session of parliament on Sunday to debate a controversial EU bailout, state media said, as the scale of opposition to its terms became clear.<img width='1' height='1' src='http://telegraph.fe.....

UK troops hit by Cyprus bailout 'will be compensated'
George Osborne has said that troops and civil servants serving in Cyprus whose savings are threatened by the island's 8.7bn bailout will be compensated.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29a889cb/mf......

Qatar 'mulls 8bn tilt at Marks & Spencer'
Qatar's sovereign wealth fund is considering a potential 8bn deal to buy Marks & Spencer, it has been reported.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29a91f67/mf.gif' border='0'/><br/><br.....

Cyprus bank levy 'sleazy backdoor way of revaluing the euro'
Imposing a one-time levy on all deposits in Cyprus to help bail-out its banks is "a rather sleazy backdoor way of revaluing the euro," according to one British businessman with savings in the EU state.<img width='1' height='1' src='http://telegrap.....

Eurogroup defends Cyprus bail-out
A deal to keep the island nation from a bankruptcy was deemed crucial to the eurozone's future because a default by Cyprus could hit financial markets and undermine investor confidence in other nations<img width='1' height='1' src='http://telegrap.....

Isa investing: Why more funds will meet my golden rule
A price war could be about to reduce charges on investment trusts and unit trusts to a level Andrew Oxlade deems acceptable.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29a7c3b2/mf.gif' border='0'/><br/&.....