The world’s centre of gravity is moving East July 25, 2010 THE Prime Minister, who leads a delegation of senior ministers including George Osborne, William Hague and Vince Cable to India this week, is right to commit his government to building a “special partnership” with Delhi. The world’s centre of gravity is moving East. Washington is shifting its attention from its post WWII Atlantic allies to [...]
Osborne wins Square Mile’s quiet approval June 16, 2010 CITY figures cautiously welcomed chancellor George Osborne’s decision to restore financial regulation to the Bank of England last night, but urged him to think carefully about the shift. Osborne said oversight of UK-based high street lenders, investment banks, building societies and insurers would be the responsibility of a new body under the control of the [...]
Corporation tax cut to a new UK low June 22, 2010 CORPORATION tax is to be cut by four per cent to 24 per cent – a rate George Osborne claimed as the lowest of any major Western economy. The chancellor said he wants “a sign to go up, over the British economy, that says: ‘Open for Business.’” The tax for businesses with profits over £1.5m [...]
Hedgies fear EU assault in election gap May 9, 2010 EUROPEAN proposals to crack down on hedge funds and private equity could slip into law unchallenged because Britain’s political establishment is in flux, industry insiders warn. Drafting of the controversial Alternative Investment Fund Managers (AIFM) directive reaches a critical phase today with a vote in the European parliament. It will be discussed at a council [...]
CBI: industrial output will grow by next year November 18, 2009 UK FACTORY orders fell at their slowest pace in November for almost a year, while export demand was the strongest since April, the CBI’s monthly industrial trends survey showed yesterday. The CBI survey’s total order book balance rose to an 11-month high -45 per cent this month, up from -51 per cent in October, slightly [...]
Four business leaders tell the CBI of their vision for the future November 23, 2009 SERCOCHRIS HYMAN“To have transformative change in any government we need to see some bravery. We need brave and radical thinking. I see a vast need for services to improve everywhere from education to infrastructure. For too long the delivery of public services has focused on the delivery rather than the user.” PFIZERJEFFREY KINDLER“The political environment [...]
FTSE knocked for fifth day as US results hit confidence July 20, 2010 BRITAIN’S top share index ended lower yesterday for a fifth straight session as generally disappointing US results hurt investor sentiment, offsetting strong gains from mining stocks buoyed by firmer metals prices. The FTSE 100 closed down 8.82 points, or 0.2 per cent, at 5,139.46, having fallen 0.2 per cent on Monday. TELECOMS HIT BY BUDGET [...]
FTSE knocked for fifth day as US results hit confidence July 20, 2010 BRITAIN’S top share index ended lower yesterday for a fifth straight session as generally disappointing US results hurt investor sentiment, offsetting strong gains from mining stocks buoyed by firmer metals prices. The FTSE 100 closed down 8.82 points, or 0.2 per cent, at 5,139.46, having fallen 0.2 per cent on Monday. TELECOMS HIT BY BUDGET [...]
TV purchases boost retail sales in May June 17, 2010 FOOTBALL-CRAZY Britons splashing out on new televisions ahead of the 2010 World Cup gave retail sales a much-needed boost in May. The healthy 0.6 per cent gain last month contradicted the surveys from the CBI and the British Retail Consortium (BRC), which pointed to much weaker growth in sales. The Office of National Statistics (ONS) [...]
TV purchases boost retail sales in May June 17, 2010 FOOTBALL-CRAZY Britons splashing out on new televisions ahead of the 2010 World Cup gave retail sales a much-needed boost in May. The healthy 0.6 per cent gain last month contradicted the surveys from the CBI and the British Retail Consortium (BRC), which pointed to much weaker growth in sales. The Office of National Statistics (ONS) [...]