Market awaits as politicians haggle May 9, 2010 MARKETS will teeter on the brink today, after the Tories and the Liberal Democrats walked away from coalition talks without striking a deal. Negotiators from both parties emerged from the cabinet office after seven hours of discussions, with little detail on progress. Shadow foreign secretary William Hague, leading negotiations on behalf of the Tories, said [...]
Tories insist that City has faith in Osborne March 11, 2010 THE Tories yesterday insisted the City had faith in George Osborne, after our City A.M. reader panel said Ken Clarke would make a better chancellor. Shadow business secretary Clarke was the first choice of 36 per cent of readers on the City A.M. / PHI Panel, recruited to represent a cross-section of London’s business community. [...]
WHY CAM MUST AXE THE CAP GAINS HIKE May 27, 2010 CITY A.M. today launches a campaign against plans to hike capital gains tax (CGT), calling on David Cameron to rethink proposals that would clobber private investors. Yesterday, senior City figures – including private equity guru Jon Moulton, serial entrepreneur Luke Johnson and Tullett Prebon boss Terry Smith – became the first to support our campaign. [...]
WHY CAM MUST AXE THE CAP GAINS HIKE May 27, 2010 CITY A.M. today launches a campaign against plans to hike capital gains tax (CGT), calling on David Cameron to rethink proposals that would clobber private investors. Yesterday, senior City figures – including private equity guru Jon Moulton, serial entrepreneur Luke Johnson and Tullett Prebon boss Terry Smith – became the first to support our campaign. [...]
Pop Art and poetry in the Supreme Court September 29, 2009 TOMORROW the Supreme Court opens its doors for official business. Earlier this month an outspoken contribution from Lord Neuberger almost eclipsed a rather predictable controversy about the appropriateness of a £59m revamp of its new home in Parliament Square, which included commissioning pop artist Sir Peter Blake to do the carpets (“alarmingly garish”, according to [...]
Pop Art and poetry in the Supreme Court September 29, 2009 TOMORROW the Supreme Court opens its doors for official business. Earlier this month an outspoken contribution from Lord Neuberger almost eclipsed a rather predictable controversy about the appropriateness of a £59m revamp of its new home in Parliament Square, which included commissioning pop artist Sir Peter Blake to do the carpets (“alarmingly garish”, according to [...]
Osborne on the offensive over Ashcroft tax status February 15, 2010 SHADOW chancellor George Osborne yesterday went on the offensive after being quizzed over the tax status of Conservative deputy chairman Lord Ashcroft in a TV interview, hitting back by calling into question the tax position of Labour donor Lord Paul. Speaking on Sky News, Osborne appeared visibly rattled at questions regarding Ashcroft, snapping: “You have [...]
City workers slam class war Budget March 24, 2010 THE City was left unconvinced by yesterday’s Budget, slamming Darling for failing to provide a clear outline on how the government was planning to reduce its huge deficit. Banks were being sent a contradictory message, critics said, pointing out that Darling has asked nationalised banks such as Lloyds and the Royal Bank of Scotland to [...]
CITY: LONDON IS LOSING ITS EDGE March 28, 2010 BRITAIN’S status as a leading global financial centre is under threat as the vast majority of the country’s financial services sector believe that the UK has lost the competitiveness that had turned the City into an international financial hub. According to the latest quarterly survey of the financial services sector by the Confederation for British [...]
Be wary of London becoming uncompetitive March 28, 2010 As a representative of the UK financial and professional services industries, overseas visits are a key part of my job, not only to encourage foreign firms to invest in UK plc but also to help our global partners create environments in which UK-based firms are willing and able to invest and prosper. Last week I [...]