What was in Osborne’s red box: our quick summary March 22, 2012 THE ECONOMY/PUBLIC FINANCES The Office for Budget Responsibility (OBR) forecasts that UK GDP will grow by around 0.8 per cent this year, the same rate as in 2011, up from its earlier forecast of 0.7 per cent. The beneficial effects of falling inflation are expected to be offset by uncertainty over the Eurozone and tighter [...]
The law firm boss who’s not moving anywhere but up April 1, 2012 LAST weekend, Bryan Hughes found himself hanging 50ft above the ground, attached to nothing but a rope. In an effort to face his son’s fear of heights he’d taken him on the high wires at Center Parcs, but when they reached the highest point Hughes found himself feeling a growing sense of panic. “I made [...]
The law firm boss who’s not moving anywhere but up April 1, 2012 LAST weekend, Bryan Hughes found himself hanging 50ft above the ground, attached to nothing but a rope. In an effort to face his son’s fear of heights he’d taken him on the high wires at Center Parcs, but when they reached the highest point Hughes found himself feeling a growing sense of panic. “I made [...]
Hoare Govett sold at a cost February 1, 2012 BRITISH taxpayers will still have to fork out for the salaries of some Hoare Govett staff after Royal Bank of Scotland sold the legendary stockbroker for just £1. RBS last night agreed to offload Hoare Govett to US investment bank Jefferies and City A.M. understands the state-owned lender will pay some staff costs after the [...]
SAS AUTHOR FIXES CITY ROLES FOR MILITARY February 20, 2012 THRILLER writer Andy McNab is juggling more than one deadline. When the former SAS hardman is not working on his latest novel – a Channel Tunnel thriller starring his new character Tom Buckingham – McNab is fixing jobs in the City for service leavers as a director of military recruitment agency ForceSelect. McNab, who has [...]
SAS AUTHOR FIXES CITY ROLES FOR MILITARY February 20, 2012 THRILLER writer Andy McNab is juggling more than one deadline. When the former SAS hardman is not working on his latest novel – a Channel Tunnel thriller starring his new character Tom Buckingham – McNab is fixing jobs in the City for service leavers as a director of military recruitment agency ForceSelect. McNab, who has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 14, 2012 FINANCIAL TIMES CAR LOANS SPEED UP AT CLOSE BROTHERS Close Brothers has reported strong growth at its banking arm in the six months to 31 January, but profits were held back by its securities and asset management divisions. Profits at the banking division have grown since the start of the financial crisis, as it expanded [...]
Liberate the law from regulation that shackles it February 21, 2012 AS THE British economy faces tough economic challenges, promoting areas of potential economic growth is not only important – it is essential. With an annual turnover of £25bn (roughly the equivalent to two per cent of our country’s GDP) the legal services industry in England and Wales is an example of one such area. The [...]
The City will tighten security – inside and out August 14, 2011 WITH rioting spreading throughout the country last week, a number of other significant stories were relegated to the back the newspapers. There is no doubt that in any other week a ban on short-selling in four major European countries and the downgrading of the United States’ credit rating after months of political brinksmanship would have [...]
Bringing the renminbi to the City of London January 17, 2012 FOLLOWING a two day visit to China, George Osborne yesterday announced that Britain had agreed to partner with Hong Kong to develop the City of London as an offshore trading centre for the renminbi. Hong Kong is currently the only official offshore renminbi venue, but Osborne hopes to turn London into a second offshore venue [...]