Taxes must be paid...

HM Treasury has outlined Government proposals to crack down on “contrived and aggressive” tax avoidance schemes.

Plans include increasing the pressure on advisers who market “abusive” schemes while making it easier for taxpayers to identify such schemes.

After the scandal a further seven banks UK have had agreed to pay compensation customers

LONDON (Reuters) - Britain's financial regulator said a further seven banks have agreed to compensate customers they misled about interest rate hedging products and review their sales practices.

Payments Strategy Board created to reform Payments industry

The Government has published a consultation on the future regulation and governance of the UK payments industry.

According to Financial Secretary to the Treasury, Mark Hoban, the industry has not always responded effectively to the needs of consumers, most notably over plans to abolish cheques, so reform is needed.