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Sunday, July 5, 2015

FCA's £819m in fines revenue gives Osborne room to fund worthy causes

Chancellor expected to give details of spending in Budget, including allocation of Barclays’ record £284m over foreign exchange transactionsThe Financial Conduct Authority has imposed more than £800m of fines on banks and other companies in the first half of this year – giving the chancellor the opportunity to make eye-catching allocations to worthy causes in this week’s budget.The City regulator handed out fines worth £819m in the six months to the end of June, up from £136m in the same period a year earlier. Related: Greek turmoil crisis George Osborne justification for austerity budget Continue reading...


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