Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
High Celebrity to strike for Fabre in Cheveley Park Stakes September 25, 2014 HIGH CELEBRITY was an expensive failure when Andre Fabre sent her from France to Newmarket in July, but can make amends there in tomorrow’s Cheveley Park Stakes (3.10pm). She was back to winning ways impressively in a Group Three at Chantilly last time and will get a great toe into the race from favourite Tiggy [...]
Obama and US Treasury announce new rules to end tax inversion deals September 23, 2014 US president Barack Obama has announced sweeping new measures to end the increasingly popular practice of US firms relocating their headquarters to countries with more favourable tax regimes through foreign takeovers. The US Treasury will introduce new measures making so-called tax inversion deals less attractive to firms. Measures include an end to “hopscotch” loans whereby [...]
Only Joking has serious chance up at Town Moor September 9, 2014 BILL ESDAILE PREVIEWS THE OPENING DAY OF THE LADBROKES ST LEGER FESTIVAL TODAY sees Doncaster host the first day of its St Leger Festival, packed with top-class action that culminates in the final Classic of the season, the Ladbrokes St Leger on Saturday. This afternoon features the popular Leger Legends Charity Race, which will see [...]
Theatre review: Little Revolution September 4, 2014 ★★★★ Is there anything left to say about the riots? Despite the avalanche of think-pieces chewing over possible causes – from the left: poverty, racism, a lack of opportunities; from the right: irresponsibility bred by welfarism and failures in state education – no one provided a wholly satisfactory diagnosis. The riots were simply too big, [...]
Scottish independence: Lloyds’ contingency plans could see move to London if Scots vote yes September 3, 2014 Lloyds’contingency plans if Scots vote for independence could include moving its official offices from Edinburgh to London in order to avoid being classed as a Scottish bank. LATEST: Lloyds confirms move from Scotland to London and RBS to follow The banking group, which owns Lloyds Bank, Halifax and Bank of Scotland, has formed contingency plans [...]
Uber taxi app banned throughout Germany after Frankfurt ruling September 2, 2014 In what may be the severest crackdown on taxi app service Uber seen so far, Germany has banned the San Francisco-based company from operating throughout the country after a temporary injunction was issued by the Frankfurt regional court. Uber will be subjected fines of up to €250,000 (£198,000) if it defies the ban. The injunction [...]
Crowdfunding Hollywood: Why the UK will finance the blockbusters of the future August 31, 2014 Over the years, the nationality of baddies in Hollywood films has offered a pretty reliable barometer of American geopolitical preoccupations. During the Cold War, there was an abundance of Russian villains on the big screen, with snow on their boots, vodka on their breath and their fingers on the nuclear trigger. More recently, jihadi terrorists, [...]
RBS steps up the search for a new chairman August 29, 2014 Royal Bank of Scotland has reportedly stepped up its search for a successor to chairman Sir Philip Hampton, hiring recruitment giant Egon Zehnder International to lead the hunt. Hampton will step down in 2015 after more than six years at the top of the bank, which is still 81 per cent owned by the government, [...]
Asset price distortion: Central banks’ new philosophy comes with old risks August 26, 2014 PRIOR to the financial crisis, life was relatively straightforward for central bankers. They favoured opacity over their future actions, using the theoretical argument that transparency was a threat to credibility. And they refused to control asset prices for a number of reasons – the most compelling of which was the threat of moral hazard. Yet [...]
Celebrate with a Pale Mimosa at York August 21, 2014 BILL ESDAILE PREVIEWS TODAY’S ACTION AT YORK ON day three of the Ebor meeting, York plays host to two races within the QIPCO British Champions Series, the first being the Group Two Lonsdale Cup (2:30pm). Dermot Weld has always been known for his shrewd placement of horses, so PALE MIMOSA’s trip across the Irish Sea [...]