Financial News Round-Up

A weekly round-up of all the top financial stories from the UK media for the week ending 19th November 2010. Keeping you up to date with the financial news.

• Ireland in talks with EU for £70billion ‘rescue deal’.

The Irish government is understood to have had preliminary discussions with the EU about a rescue deal to help its troubled economy after growing fears about its debts.

Source: Daily Mail

• Public sector staff gain right to form mutuals

Cabinet Office minister Francis Maude, announced on Wednesday that millions of public sector workers would have the ‘right to provide’ and sell their services back as not for profit mutuals if they left their employment.

Source: Financial Times

• Financial Advisers banned from receiving payments

From 2013, Financial Advisers will not be able to receive payments from fund managers or life companies, the Financial Services Authority has proposed.

Source: Financial Times

• Inflation rises to 3.2% in October

According to the Office for National Statistics, inflation based on the Consumer Prices Index rose to 3.2% in October; up from 3.1% in September.

Source: CashQuestions

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