Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Cricket Comment: Forget THAT stumping, England have plenty to be happy about June 4, 2014 ENGLAND captain Alastair Cook clearly felt that Sri Lanka bowler Sachithra Senanayake’s stumping of Jos Buttler in Tuesday’s one-day series decider amounted to skulduggery, but I disagree. As long as Buttler had been warned before about not leaving the crease until the ball had been released – and he had, not just in that game [...]
UK to goldplate new forex rules June 2, 2014 CURRENCY traders in the City face extra strong rules governing how they behave, as part of a British crackdown that is expected to go above and beyond international efforts. George Osborne is thought to want to be particularly tough on foreign exchange traders in the wake of manipulation investigations into forex and Libor benchmarks. Global [...]
Fraud case will press ahead in spite of aid cuts May 21, 2014 A KEY fraud trial will go ahead despite a lack of legal aid funding as the Court of Appeal yesterday overturned the decision of a lower court to halt the case. The Financial Conduct Authority, which is pursuing the case, backed the ruling, stating it “is committed to pursuing criminal action in appropriate cases” and [...]
BP to take spill costs appeal to Supreme Court May 21, 2014 OIL GIANT BP is appealing to the US Supreme Court over its payments to businesses caught up in the Gulf of Mexico oil spill, arguing that it is paying compensation to firms whose losses have “no apparent connection” to the disaster in 2010. The company is taking its case to the highest court in the [...]
What today’s Court of Appeal ruling means for FCA prosecutions May 21, 2014 Today’s ruling in the UK’s Court of Appeal has overturned the decision of a lower court to effectively halt a fraud prosecution pursued by the Financial Conduct Authority (FCA). The regulator has applauded the ruling, stating that it “is committed to pursuing criminal action in appropriate cases” and is “pleased that this case can now [...]
What today’s Court of Appeal ruling means for FCA prosecutions May 21, 2014 Today's ruling in the UK's Court of Appeal has overturned the decision of a lower court to effectively halt a fraud prosecution pursued by the Financial Conduct Authority (FCA). The regulator has applauded the ruling, stating that it "is committed to pursuing criminal action in appropriate cases" and is "pleased that this case can now [...]
Investment Comment: How to invest in markets that are now hitting all-time highs May 20, 2014 The UK and US are consistently beating growth expectations – but sensible investors should proceed with caution THE GOOD news? The UK economy is recovering very well, consistently beating growth expectations. We’re seeing increasing levels of merger and acquisition activity, while the FTSE 100, S&P 500 and Dow Jones indices have all been at, or [...]
Old Labour is back with new black and white ad May 7, 2014 NEW Labour RIP – Ed Miliband is so intent on turning the party back to old Labour values that even its election broadcasts are now in black and white. The party’s latest broadcast, released ahead of the looming local and European elections, is set around the government’s cabinet table. But class war seems to be [...]
Here’s how the City’s top analysts think an AstraZeneca-Pfizer deal could play out April 22, 2014 Fresh talk of a bid by pharma giant Pfizer for UK rival AstraZeneca has seen shares in the target company jump. Investors are getting excited about a potential second move for AstraZeneca, with stock currently up 6.8 per cent on the FTSE 100, at more than 4,030p. That increase dwarfs the FTSE 100's overall rise [...]
Why only a liberal vision will prepare Britain to compete globally April 8, 2014 HOW CAN Britain prepare to compete with fast-growing emerging economies? Jeremy Browne thinks he has the answer. Race Plan, released yesterday, is refreshingly radical for a book written by a former Lib Dem minister. Browne argues that Britain must not only learn to cope with globalisation, but embrace it wholeheartedly. And it is only through [...]