Finance education at school is the first step to empowering future consumers February 13, 2013 I AM sure that you and I have at least one thing in common: that one of the most useful skills in our lives is being able to manage money – making sure I live within my means, don’t run up excessive debts, can pay my mortgage, can make sure my savings earn interest, and [...]
Read my lips: Why the chancellor should commit to a lower tax burden December 2, 2013 TWO CAMPS exist in the Conservative Party on tax cuts. One thinks they should happen now to ease living costs, the other that it’s fiscally premature and imprudent to do them. There is logic in both. The purpose of taxation should be to finance state expenditures in the least distortionary way possible. Since spending is [...]
Consumer confidence and personal deposits up as business borrowing increases September 24, 2013 (BBA) Personal deposits have risen by almost five per cent over the year to August, says the BBA. (Release) BBA statistics director, David Dooks said: These figures suggest that consumer confidence is growing. For the first time in four years, annual growth in household borrowing on credit cards and personal loans has turned positive and [...]
City Moves for 10 October 2013 | Who’s switching jobs October 9, 2013 WraggeThe law firm has recruited David Fennell as managing partner. He specialises in projects and private finance initiatives, and has led the firm’s projects team for the past six years. Fennell joined Wragge in 1996 from Herbert Smith. Alvarez & MarsalThe professional services firm has hired two managing directors to its global forensic and disputes services [...]
MBA and masters courses: How to make the choice September 11, 2013 The difference goes beyond required skills THE MBA programme has long been a gold standard of business education, signalling analytical, managerial and teamwork skills to prospective employers. The popularity of masters in finance courses, however, has increased dramatically in recent years. Cass Business School’s Chris Johnson says that “we have had to enormously expand the [...]
Our at-a-glance guide to Osborne’s mini-budget December 5, 2013 Growth up, borrowing down, yet the debt is still rising. Another raid on the banks, but shops to gain from reduced business rates THE UK ECONOMIC OUTLOOK● The Office for Budget Responsibility (OBR) has revised up its forecast for economic growth and revised down its prediction for inflation. It expects unemployment to drop quickly next [...]
Canary Wharf’s Canadian backer October 28, 2013 CANARY WHARF was the biggest development in the world when work officially began in 1988. Prime Minister Margaret Thatcher praised the level of foreign investment in the project – having personally arranged that Olympia & York, run by Paul Reichmann, would finance it. It had taken almost seven years to secure the commercial backer for [...]
Two former City workers who built businesses out of the financial crisis September 29, 2013 Adam Taylor and Lexi Tamasan’s pet food subscription service is taking a sizeable bite out of a large market PET FOOD is not the first product most think about when founding a company. But when Adam Taylor saw his mother, who suffers from arthritis, struggling with a large bag of dog biscuits, it struck him [...]
Against the Grain: Why the rest of the UK is failing to keep up with London’s explosive growth October 29, 2013 BRITAIN’s economic recovery is now firmly established. Output in the services sector, the largest part of the economy, has risen above its previous peak, reached before the crash in 2008. There is a widespread myth that the recovery is fuelled by debt-financed personal spending. Yet since the trough of the recession in 2009, the economy [...]
Theo Fennell succumbs to £2.9m takeover offer from EME Capital August 1, 2013 THEO Fennell, the premium jeweller favoured by celebrities such as Lady Gaga and Victoria Beckham, has finally agreed to be taken over by finance house EME Capital in a £2.9m deal. The firms have been locked in talks since last September, with the extraordinary length of the discussions requiring 10 extensions from The Takeover Panel [...]