David Prosser: Cricket facing a vicious bouncer

Indeed, the England and Wales Cricket Board will be much more upset about today’s ruling than Sky. The broadcaster would, of course, like to kee…

Royal Mail faces threat of VAT charges on business contracts

Author: By David Prosser, Business Editor The postal operator has been told by HM Revenue & Customs (HMRC) that it will soon be forced to begin ch…

Swinton fined £770,000 for mis-selling insurance

Author: By David Prosser, Business Editor The Financial Services Authority, the financial watchdog, said that from December 2006 to March 2008, Swinto…

Job cuts ‘will continue even as the economy starts to recover’

Author: By David Prosser, Business Editor The outlook for UK employment prospects is now deteriorating more slowly than at any time since recession to…

David Prosser: O2’s coup is a gamble

O2, of course, also has exclusive rights to the iPhone here. But while you can see the attraction of such deals to O2 and its rivals, why would a hand…

David Prosser: Financial advice is not so simple

At first sight, the banning of commission that the FSA proposes is long overdue. Under the current system, many financial advisers earn their living t…

David Prosser: Britain’s car dealers on the scrapheap

All, however, may not be what it seems. A report published today by the accountancy firm Ernst & Young suggests that Britain’s car dealers a…

David Prosser: This bailout won’t get the banks lending

The whole point of QE, of course, was to get money flowing through Britain’s recession-hit economy. The transmission mechanism through which the…

David Prosser: Will Treasury hat-trick get a result?

So it is that the Treasury is championing its insistence that at least three new banks be created from the assets of RBS, Lloyds and Northern Rock as …

David Prosser: Credit where it is due

In this post-credit crunch world, it now turns out that it was we who got mugged. All that switching of debt left us with borrowing trapped on plastic…