50p tax rate on high earners is triggered April 6, 2010 A NEW 50p tax rate for top earners has been triggered as the new financial year begins. The new income tax rate on taxable incomes above a £150,000 has been attacked by business leaders who claim it will dent business confidence and stifle entrepreneurial spirit, The Institute of Directors also warned that foreign investors could [...]
Austerity won’t lead to a double-dip June 22, 2010 RESEARCH DIRECTOR, FOREX.COM JANE FOLEY The pivotal question in the run-up to yesterday’s emergency Budget was whether it would knock the economy into a double-dip recession. This debate had been raging for months – indeed, the Labour Party campaigned hard on the assertion that too much austerity too soon could tip the economy back into [...]
Triesman departure sparks FA scramble May 18, 2010 A MASS scramble has begun to land the job of the most powerful man in English football following Lord Triesman’s resignation as chairman of the Football Association on Sunday. Triesman stepped down both from the FA and as chairman of England’s 2018 World Cup bid after he was secretly recorded telling a friend that Spain [...]
Tories support bribery bill April 5, 2010 PROPOSED amendments by the Conservative Party to the UK’s bribery bill have been withdrawn as Parliament prepares to pass new anti-corruption laws making it harder for UK businesses to get away with mis-conduct. Instead, the Tories have said they will fully support the bill when it comes before Parliament. A statement from the Tory office [...]
High street sales bounce back February 25, 2010 HIGH street spending bounced back this month as shoppers returned in force for the first time since the big freeze. The quarterly Confederation of British Industry (CBI) report showed that 46 per cent of retailers said business was up in February 2010 compared with the same period last year. Sales of clothes and household goods [...]
Treasury Committee prepares to grill influential economists’ panel March 25, 2010 THE House of Commons Treasury Committee will next week begin taking evidence for its inquiry into the 2010 Budget. The influential group of MPs will grill chancellor Alistair Darling, who is set to appear on Tuesday along with chief economic adviser Dave Ramsden. But first on Monday economic experts including the Institute for Fiscal Studies’ [...]
CBI: Crisis is averted but risks remain September 22, 2009 THE CBI will today say that economic Armageddon has been averted and that growth is on the cards, although it will warn over the perilous state of the government’s finances. Speaking at today’s CBI economic forecast, director-general Richard Lambert will say that the risk of a 1930s-style recession in the UK has now faded. The [...]
February sees bumper sales on high street February 25, 2010 BRITISH consumers returned to the high street in their droves in the first half of February, after January’s cold snap kept them at home. The Confederation for British Industry (CBI) said that in early February retailers had seen the strongest annual growth in sales volumes since May 2007. Almost half of all firms surveyed (46 [...]
CITY: LONDON IS LOSING ITS EDGE March 28, 2010 BRITAIN’S status as a leading global financial centre is under threat as the vast majority of the country’s financial services sector believe that the UK has lost the competitiveness that had turned the City into an international financial hub. According to the latest quarterly survey of the financial services sector by the Confederation for British [...]
Airlines feel heat of Icelandic volcano April 19, 2010 AIRLINES grounded by the eruption of an Icelandic volcano are set for further losses if airspace is closed again, with the airline industry yesterday reporting daily losses of more than £5m. “If the shutdown of the airspace in the UK and large parts of Europe [returns], it will almost certainly lead to some carriers, especially [...]