Budget 2015: Here are George Osborne’s best quotes plus his Budget speech in full March 18, 2015 George Osborne's final Budget during this parliament had few surprises but plenty of great quips, including – to the dismay of bookies everywhere – a quip about Ed Miliband's now-infamous second kitchen. Here's a selection of our favourites from today's big speech. (Source: Getty/City A.M.) (Source: Getty/City A.M) (Source: Getty/City A.M.) [...]
David Cameron warns voters not to abandon Tories ahead of 2015 general election November 17, 2014 David Cameron has done an about-turn on the economy, Labour’s Ed Miliband said yesterday. The Prime Minister, Miliband continued, was getting his excuses in early about the state of the UK’s finances, having spent months shouting about the strength of Britain’s recovery. About-turn or not, building on the “there is still more to do” [...]
City A.M. is continuing to innovate to bring you business news with personality October 2, 2014 Who would have thought newspapers worth reading could be free? Yet today they are firmly established as a prominent feature in London’s media landscape. In less than ten years, City A.M. itself has become an essential part of the morning commute for London’s discerning professionals, with more than 100,000 copies ready for you every weekday. [...]
2013 growth revised down as savings worries mount March 28, 2014 The UK economy grew by 0.7 per cent in the last quarter of 2013, in line with consensus, according to the latest numbers from the Office for National Statistics (ONS). But for the full year, GDP was revised down to 1.7 per cent, compared to the earlier estimate of a 1.8 per cent rise from 2012. [...]
Londoners still in the dark over inheritance tax February 17, 2014 OVER two-thirds of affluent Londoners are ignorant about inheritance tax, despite being the group most likely to be hit by the tax, a new study out yesterday shows. The current tax threshold, which is set at £325,000 for this tax year, was correctly identified by just 38 per cent of well-heeled respondents polled in London. [...]
Shop prices still dropping with fastest fall on record reported February 4, 2014 JANUARY was the ninth straight month of shop price deflation in the UK, with prices falling at the fastest rate ever recorded by the British Retail Consortium (BRC) and Nielsen. Shop prices dipped by one per cent in the year to January, driven by a 2.7 per cent fall in non-food prices. The drop in [...]
Housing bubble psychology: Why Wall Street isn’t smarter than Mr Average September 2, 2014 LURID stories about the excesses in the UK housing market continue to proliferate. True, there is some evidence of a cooling, as price rises tempt more sellers into the market and temporarily increase supply relative to demand. But at the same time, we learn in the Sunday Times that the good burghers of Cobham in [...]
What is the Barnett formula and how does it work? Here’s what you need to know September 25, 2014 The referendum on Scottish independence may be over, but the issues and pledges that electrified the campaign continue to spark controversy. One of these is the system used to determine the levels of public spending in Northern Ireland, Scotland and Wales known as the Barnett formula. At the tail end of the referendum campaign, the [...]
How to get a bigger Christmas bonus December 11, 2014 Some subtle boasting may be in order – even if you work at a relatively small company. It's that time of year when work calms down and Secret Santa gifts are exchanged. But while Christmas is generally a time for giving and altruism, thoughts in the City also turn to the reward you’ve grafted [...]
Why Tesco’s share price just fell to an 11 year low September 22, 2014 Another surprise announcement this morning from Tesco has further dampened the supermarket’s outlook when it really must have been hoping to move on from recent rough times. Shares fell more than 11 per cent to an 11-year low after announcing a £250m error in its first-half results. Whether its an accounting error or something worse, investigating the [...]