Due to the vast number of people who were suspected to be involved in illegal tax evasion, HMRC in 2007 gave UK tax payers an opportunity to voluntarily disclose details of assets held in offshore bank accounts.
An upstart program gives the unemployed the tools - and the motivation - to find rewarding careers.
Updated November 22, 2009 11:27 IST
Economic & Financial Monthly Review
Although the growth rate probably increased in the third quarter of the year, we do not regard this as indicative of the future pace of recovery. Indeed, certain indicators suggest that the pace of growth will actually slow during the coming months.
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Consumer Confidence Index
Bank Hapoalim’s and TNS Teleseker’s Israeli Consumer Confidence Index declined slightly in October. Bank Hapoalim economists: We estimate that after a period of six months, characterized by a robust economic recovery, we may be standing before a period of stable or slightly lower growth rates. Credit card sales have stabilized in August and September as have the manufacturing sector indexes.
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Economic Outlook
Bank Hapoalim reported its Financial Results for the Second Quarter of 2009: Net Profit of NIS 382 million for the Second Quarter of 2009 . The Bank reinforced its Capital Adequacy Ratio to 12.83%, exceeding its year-end objective (12%)
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