Why London must retain its lead as the world’s number one retail destination July 16, 2015 One thing underpins Britain’s economic recovery more than anything else: the resilience and potential of London’s economy. While the capital’s financial sector was first to feel the pain nearly a decade ago, London has also led the UK’s economic fightback – attracting global investment, growing employment and pushing up living standards. We are the world’s [...]
Greece crisis: After six months in power Alexis Tsipras’ Syriza government has left the country with a veritable Mount Olympus to climb July 30, 2015 Alexis Tsipras’ six-month old left-wing Syriza government has put the country through a breath-taking roller-coaster of ideological hysteria, politico-economic gambles, and farcical constitutional experiments. Now it faces a rockier path ahead than the one it inherited. Perversely, at the time they lost power, the previous government was beginning to boast financial indicators pointing [...]
Camden undergoes digital revolution June 24, 2015 Camden Market’s shopping stalls are being hauled into the modern age Camden Market and its eclectic mix of stallholders sell everything from vintage clothing to lava lamps and general bric-a-brac. The shopping haven has remained the unchanged for years – its punks and goths mixing with the millions of tourists who flock to the neighbourhood [...]
The Cayman Islands: The least taxing holiday you will ever have May 31, 2015 Robert moved to the Cayman Islands after three years of working as an accountant in London. It was the best decision he ever made: “What’s there to miss? The freezing British winter? Commuting from Platform 10 of Clapham Junction? Here it’s tax-free so I get to keep my income.” Favourable tax laws aren’t the [...]
Rouble rout stops Russian tourists spending in the UK January 18, 2015 Russia's economic quagmire is affecting the spending habits of Russians tourists in the UK, with total spending plunging 28 per cent last year according to research by tax experts Global Blue. Amid global sanctions over the Crisis in Ukraine, and a glut in the supply of oil leading to tumbling prices, thing went from bad [...]
European markets dip as quantitative easing begins March 9, 2015 European markets fell in early trading as the European Central Bank finally launched its €60bn-a-month (£43bn) quantitative easing programme. The FTSE 100 fell 0.59 per cent, while Germany's Dax dropped 0.39 per cent and France's Cac fell 0.61 per cent, as investors showed their caution over the programme, which is designed to lift Europe out [...]
Greeks could call election if deal breaks promises March 9, 2015 EUROZONE officials will meet today as Greece rushes to hammer out a deal that will allow it to avoid defaulting on its debt. But Greece’s finance minister warned a referendum or even an election could be called if the deal contradicted his Syriza party’s election promises. “There could be problems. But, as my Prime Minister [...]
The ultimate foodie break to Jersey: The largest Channel Island has more than tax breaks and sunshine to offer June 2, 2015 Have you been to Jersey lately? Why not? It’s the sunniest place in the British Isles. You can leave your City office at 6pm and make an 8pm dinner reservation (I flew from London City with Blue Islands, which provides you with free drinks and won’t shout at you about the size of your carry-on [...]
Autumn Statement 2014: Treasury rules out cut to tourism VAT November 25, 2014 The Treasury has ruled out a cut to tourism VAT in the Autumn Statement next week, despite a campaign to slash the rate paid by tourist attractions and hotels around the UK. The Cut Tourism VAT campaign, backed by Merlin Entertainments, the British Hospitality Association and a number of MPs from all parties, has called [...]
Budget 2015: The stories that broke during George Osborne’s speech March 18, 2015 The announcement of the UK government’s annual budget is one of the biggest dates in the financial calendar. City hacks' ears were tuned into George Osborne’s speech this lunchtime, as eyes were glued to Twitter for all the breaking hot takes on the chancellor’s tie colour and fingers were madly typing away to produce a [...]