The IMF is right to back UK austerity June 6, 2011 IT shouldn’t have come as a surprise that the IMF as well as other international bodies have given George Osborne’s austerity plans the thumbs-up. All over the world, profligate nations are working on policies to rein in spending and reduce their budget deficits; those that are failing to do so are finding it increasingly difficult [...]
BIG FOUR HIT BACK AT APPRENTICE PUT-DOWN May 12, 2011 EDWARD Hunter, the only City representative on this year’s series of The Apprentice, must be regretting his bold claim that he is “more than just an accountant”. Hunter trained at PwC in Reading before taking a job in the accountancy division of Scottish & Southern Energy, but quit his job this time last year to [...]
THE WEEK AHEAD March 20, 2011 COMPANY NEWS ● Campari will be hoping for a good mix of results on Monday. ● On Tuesday, Cairen Energy will announce. The oil and gas exploration and production company will be hoping to strike great results from the rising energy prices. ● The fashion group Inditex will announce on Thursday. ● On Thursday, Resolution, [...]
RIVERSIDE HQ MARKS NOMURA’S NEW START April 4, 2011 THE humanitarian disaster in Japan was never far from the City’s minds at the opening of Nomura’s new offices at One Angel Lane, which started with a one-minute silence as a mark of respect for the victims and survivors of the tragedy. The Japanese bank’s president and chief executive Kenichi Watanabe paid tribute to Londoners [...]
Tourist tax rise scrapped and Learjet raid delayed March 23, 2011 THE chancellor scrapped a planned rise in air passenger duty yesterday, but admitted that legal difficulties have shelved a change to aviation tax. Air passenger duty will be frozen this year, with a hike linked to the retail price index planned for April 2012, George Osborne said. The government said in the emergency June Budget [...]
Tourist tax rise scrapped and Learjet raid delayed March 23, 2011 THE chancellor scrapped a planned rise in air passenger duty yesterday, but admitted that legal difficulties have shelved a change to aviation tax. Air passenger duty will be frozen this year, with a hike linked to the retail price index planned for April 2012, George Osborne said. The government said in the emergency June Budget [...]
Reforms cut £350m of red tape on firms March 23, 2011 A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday. Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land. “We will introduce a new [...]
Reforms cut £350m of red tape on firms March 23, 2011 A RAFT of micro reforms to planning laws and business regulation were introduced in the Budget to boost growth in UK enterprise yesterday. Key supply-side reforms included sweeping changes to planning laws, to wave through applications for sustainable development and tear up nationally-imposed targets on the use of brownfield land. “We will introduce a new [...]
EU not City dictates capital’s future November 15, 2010 THERE is something magical about the Lord Mayor’s annual banquet at the Guildhall. One is surrounded by pomp and pageantry; all the guests are decked out in white tie and tails, and dozen upon dozen of Britain’s top business executives make the time to listen to the Prime Minister, the Lord Mayor, the Lord Chancellor [...]
NO CASH FOR LIB DEM INTERNS AS CENTRAL OFFICE PASSES THE BUCK April 7, 2011 JUST days after Nick Clegg made an earnest pledge to improve expenses for the Liberal Democrats’ army of unpaid interns, The Capitalist was amused to see three job ads for internships at the party on the Work for an MP (w4mp) website offering barely a cup of tea. The “short volunteer opportunity” to work in [...]