| Taxman can't collect new 50p rate from thousands of professionals Taxman faces fresh accusations of incompetence after it emerged that its system cannot deal with the new 50p rate of income tax. telegraph.co.uk |
As prices soar, give food some thought Food has hit the headlines again in a reminder of the spiralling inflation and social unrest that swept through the developing world in 2008. telegraph.co.uk |
Hedge Funds: Pershing Square snaps up 16.5% of J.C. Penney The retailer’s stock rallies on news of a sizable stake held by the activist hedge-fund firm run by Bill Ackman. Vornado gets in on the act, too. feeds.marketwatch.com |
Consumers 'could suffer' as quango is axed and Office of Fair Trading merged Consumers could have less power to challenge big companies because the body set up to represent them will be scrapped in a shake-up of quangos, it is reported. telegraph.co.uk |
Price of household food staples up 21pc Despite official level of inflation remaining at 3.1pc, certain foods have risen as much as 48pc. telegraph.co.uk |