At a glance: George Osborne’s first comprehensive spending review October 20, 2010 SPENDING FIGURES This fiscal year current expenditure will be £637.3bn. In 2011-12, current spending will be £651.1bn, followed by £664.5bn in 2012-13, £678.6bn in 2013-14 and then £692.7bn in 2014-15. The government will pay £43.3bn of gross government debt interest this fiscal year followed by £46.5bn in 2011-12, £52.4bn in 2012-13, £57.8bn in 2013-14 and [...]
Ed Miliband admits government failings as he launches campaign May 16, 2010 ED MILIBAND, the former climate change secretary, has admitted that Labour lost its way in government and became “caretakers” instead of “idealists”. Launching his leadership campaign with an impressive speech at the Fabian Society, he also conceded that the party had failed to face up to the concerns that trouble its traditional voters, such as [...]
Investing with a conscience has the potential for long-term rewards August 10, 2010 THE need for responsible investment has never been more relevant in the wake of the BP Deepwater disaster in the Gulf of Mexico and multinational oil companies’ controversial activities in the Canadian tar sands. Responsible investment has traditionally been seen as a domain for militant activists and students whereby stocks that do not meet certain [...]
Investing with a conscience has the potential for long-term rewards August 10, 2010 THE need for responsible investment has never been more relevant in the wake of the BP Deepwater disaster in the Gulf of Mexico and multinational oil companies’ controversial activities in the Canadian tar sands. Responsible investment has traditionally been seen as a domain for militant activists and students whereby stocks that do not meet certain [...]
Barclays sees profits tumble November 9, 2010 INVESTORS reacted positively yesterday despite Barclays unveiling quarterly pre-tax profits of £1.27bn (excluding own credit), a 28 per cent drop on last year. Including own credit losses – the effect of mark-to-market write-downs – profit plunged 76 per cent to £327m. Barclays stock climbed by over three per cent throughout the day in part due [...]
Barclays sees profits tumble November 9, 2010 INVESTORS reacted positively yesterday despite Barclays unveiling quarterly pre-tax profits of £1.27bn (excluding own credit), a 28 per cent drop on last year. Including own credit losses – the effect of mark-to-market write-downs – profit plunged 76 per cent to £327m. Barclays stock climbed by over three per cent throughout the day in part due [...]
Business facing skills shortage May 16, 2010 EMPLOYERS are becoming increasingly concerned over a shortfall in skilled job candidates, despite the legacy of a recession that left large numbers of highly-qualified university graduates unable to get onto the career ladder. Over half of employers expect to have difficulties in filling posts requiring graduate or higher level skills in the coming years, according [...]
Cameron gets ready for cuts June 7, 2010 INTEREST payments on Britain’s huge debt pile will surge to £70bn in the next five years unless public spending is slashed, the Prime Minister warned yesterday. David Cameron made the shock revelation as he sought to win public backing for the toughest spending cuts in a generation. He was quoting from previously unpublished Treasury figures [...]
Cameron gets ready for cuts June 7, 2010 INTEREST payments on Britain’s huge debt pile will surge to £70bn in the next five years unless public spending is slashed, the Prime Minister warned yesterday. David Cameron made the shock revelation as he sought to win public backing for the toughest spending cuts in a generation. He was quoting from previously unpublished Treasury figures [...]
CITY MOVES | WHO’S SWITCHING JOBS June 7, 2010 Barclays Wealth. The wealth manager has appointed Aaron Gurwitz as chief investment officer and head of research, economics and strategy and Kevin Gardiner as head of global investment strategy. Gurwitz, pictured, joined the firm in 2008 as part of the Lehman Brothers acquisition, having previously worked for PIM and Goldman Sachs. Gardiner joined last year [...]