Osborne’s budget deficit is going down but progress is slow November 21, 2013 SLOWLY but surely, George Osborne’s budget deficit is going down. It is still far too large for comfort, and the rate at which it is improving remains disappointing, but at least the numbers are moving emphatically in the right direction. The best measure of the shortfall between money in and money out – excluding financial [...]
It’s time to shred Britain’s complex and punitive tax system October 7, 2013 WHEN this government was first elected, it promised to simplify Britain’s tax code, which over the years has become one of the lengthiest in the world. To say that it failed would be a pathetic understatement. Our horrendous, maddening tax system keeps getting more complicated, with thousands of pages of incomprehensible nonsense added since 2010, [...]
The man firmly back in the saddle at CMC November 24, 2013 Peter Cruddas tells David Hellier why it was just about time for a change SEVERAL very noticeable things have changed since Peter Cruddas, the founder of CMC Markets, returned as full-time chief executive of the spread-betting group earlier this year. For a start, CMC’s employees no longer get free fresh fruit and cornflakes when they [...]
Vodafone isn’t avoiding UK tax on the sale of its stake in Verizon Wireless September 3, 2013 THE screams of rage, as the statists realise they’re not going to get any money from the sale of Vodafone’s stake in Verizon Wireless, have become deafening. We’ve even seen UKUncut insist quite seriously that £84bn of tax is being avoided (£84bn is the total transaction size, not the profit or the tax). But the [...]
City Moves for 15 February 2013 | Who’s switching jobs February 14, 2013 CBRE The property firm has appointed Andrew Peacock as head of central London asset management. He joins after 24 years at Aviva Investors, where he held a number of senior roles, including manager of its central London office portfolio. Towers Watson The professional services company has appointed Liz Rennie as senior consultant in its human [...]
Hope for the high street as UK consumer confidence improves January 30, 2013 BRITISH consumers have started the year feeling less pessimistic about the country’s economic prospects, a widely-regarded survey revealed this morning. Research company GfK’s first consumer confidence barometer of 2013 found that expectations for the general economic situation over the coming year jumped by six index points. While still slumped in negative territory, this sub-index climbed [...]
Overcome your inhibitions to get ahead in the rat race October 14, 2013 You’re hard working and highly skilled. What else do you need? Confidence, says Steve Irish To get ahead at work, or to land a dream job somewhere else, there will be a list of skills you need. At this stage, you have a pretty good idea whether you have most of them. If you don’t [...]
SUPERMODELS AND SHY TYCOONS LAUNCH THE SCOTCH AND JALOUSE | City A.M. October 7, 2013 TWO PARTIES in one evening. Just a usual Thursday night out for supermodel Kate Moss, who started last Thursday evening at Arjun Waney’s Arts Club before moving on to the re-opening of The Scotch the other side of Piccadilly in St James’s. The Capitalist had been informed that the venue’s opening night would be a [...]
Mid cap stocks gain favour as UK economic optimism rises November 26, 2013 But don’t write off the more international FTSE 100 blue chips THE UK recovery has finally taken hold. But not only is growth returning, many are now more optimistic about our economic prospects compared to other advanced nations. Last week, the OECD revised down its 2013 global growth forecasts to 2.7 per cent from 3.1 [...]
The year in preview: Our in-depth guide January 5, 2014 City A.M.’s journalists take a wide-ranging look at what 2014 has in store for the world of finance and business BANKINGRestoring faith means costly overhaulsA CAUTIOUS optimism pervades the British and European banking system at the start of 2014. The incoming economic recovery is at last improving customers’ creditworthiness, while the hard work running down [...]