Montague calls for changes to rented sector August 22, 2012 THE GOVERNMENT has today launched a long-awaited review of the private-rented housing market that calls for councils to waive affordable housing requirements on private rented schemes and for financial incentives to encourage investment into the sector. The review, conducted by 3i chairman Sir Adrian Montague, makes five recommendations to the government for encouraging large institutions [...]
Three challenges await the new governor of the Bank of England November 26, 2012 WE should be prepared for changes at the Bank of England when the new governor, Canadian Mark Carney, takes over in the middle of next year. George Osborne has chosen to go outside the UK economic policy establishment in his choice of a successor to Sir Mervyn King. And that suggests that he is looking [...]
Ed Miliband: Labour would have kept the 50p tax and is ready to break up banks September 30, 2012 IF LABOUR won an election tomorrow, it would keep the 50p rate of tax, introduce a new tax on bankers and spend the proceeds of the upcoming 4G spectrum auction on building 100,000 affordable homes, Ed Miliband said yesterday. But he would not commit to doing so if he wins the 2015 election, on the [...]
Ed Miliband: Labour would have kept the 50p tax and is ready to break up banks September 30, 2012 IF LABOUR won an election tomorrow, it would keep the 50p rate of tax, introduce a new tax on bankers and spend the proceeds of the upcoming 4G spectrum auction on building 100,000 affordable homes, Ed Miliband said yesterday. But he would not commit to doing so if he wins the 2015 election, on the [...]
US energy policy is thriving despite a quiet campaign November 4, 2012 HOW do free market economies respond to scarcity? They innovate. And while the presidential candidates haven’t said anything particulary interesting about energy policy – despite mayor of New York Michael Bloomberg’s endorsement of Barack Obama for his climate policies – US businesses have been showing us just how it is done. State governments have been [...]
Bwin in gaming push as reveals Nordeus tie-up to develop app September 12, 2012 BWIN.PARTY Digital Entertainment, the world’s largest online gaming group, has paired with the Serbian start-up behind popular Facebook game Top Eleven as the drive to make cash from social gaming gathers pace. Fast-growing social games are free-to-use web-based games played against other users, often tied to established platforms such as social media site Facebook. Top [...]
Bwin in gaming push as reveals Nordeus tie-up to develop app September 12, 2012 BWIN.PARTY Digital Entertainment, the world’s largest online gaming group, has paired with the Serbian start-up behind popular Facebook game Top Eleven as the drive to make cash from social gaming gathers pace. Fast-growing social games are free-to-use web-based games played against other users, often tied to established platforms such as social media site Facebook. Top [...]
Meet Mark Carney: the Canadian flown in to save the UK economy November 26, 2012 IN APPOINTING Mark Carney the new governor of the Bank of England, the government has found an ex-Goldman Sachs director comfortable with garnering the views of the City – yet unafraid of standing his ground at times of conflict. The Canadian famously clashed with JP Morgan chief Jamie Dimon after a fierce disagreement over the [...]
What the other papers say this Morning October 18, 2012 FINANCIAL TIMES ArcelorMittal explores iron ore sale ArcelorMittal is exploring the sale of a stake in its $10bn Canadian iron ore business, as the world’s biggest steel company struggles to cope with the downturn in its key commodity. People familiar with the matter said ArcelorMittal had appointed advisers and had been sounding out potential buyers [...]
Our at-a-glance guide to Osborne’s mini-Budget December 5, 2012 THE UK ECONOMIC OUTLOOK ■ The Office for Budget Responsibility (OBR) has revised down its forecast for UK growth and revised up its forecast for public sector borrowing. It says the government is no longer likely to meet its target of reducing debt as a proportion of GDP in 2015-16, breaking its supplementary fiscal rule. [...]