Scrap business rates in favour of land tax, Lib Dems say August 30, 2018 Business rates should be abolished and replaced by a tax on land values to boost investment and productivity, the Liberal Democrats have said. The party will publish proposals this morning to scrap business rates in favour of a commercial landowner levy (CLL). The levy – paid by owners rather than tenants would remove buildings and [...]
Theresa May pledges to bolster ties between the City and Nigeria August 29, 2018 The Prime Minister Theresa May pledged to bolster ties between the City and Nigeria as she looked to secure new trade relationships on a visit to Africa. May urged Nigeria to tap into the City’s financial expertise, which she hoped could play an even greater role in the continent after Brexit. UK-Nigeria trade was worth £4.2 billion [...]
Putin’s approval rating slumps as he urges Russians to accept older retirement age August 29, 2018 Vladimir Putin has softened controversial pensions reforms after a public outcry that has seen his approval rating tumble. The Russian President had proposed to raise the retirement age of men from 60 to 65 and from 55 to 63 for women. Read more: US to impose fresh sanctions on Russia on Monday following Novichok attack [...]
Former City stockbroker jailed over indecent images of children August 29, 2018 A former stockbroker has been jailed for downloading images of children being sexually abused. John Hewitt, who was most recently chairman of London-listed property investment firm Highcroft Investments, was given a 12-month prison sentence at Oxford Crown Court last week. The 72-year-old from Boars Hill, Oxford was also put on the Sex Offenders' Register for 10 years. Hewitt, [...]
Aston Martin to announce £5bn stock market listing August 28, 2018 Luxury car brand Aston Martin is set to announce its long-awaited £5bn stock market listing. The luxury car-maker will announce on Wednesday – alongside interim results – its intention to list on the London Stock Exchange in the autumn, according to Sky News. The launch of Aston Martin's initial public offering (IPO) will involve the [...]
Shares on Wall Street hit record highs as Donald Trump announces new trade deal with Mexico to replace Nafta August 28, 2018 Shares on Wall Street hit record highs yesterday after US President Donald Trump appeared to have agreed key parts of a trade deal with Mexico. Trump announced a new United States-Mexico Trade Agreement to replace the existing North American Free Trade Agreement (Nafta), and said negotiations with Canada would begin immediately. Canadian foreign minister Chrystia [...]
Netflix hires top Facebook communications executive ahead of international expansion August 27, 2018 Netflix has hired top Facebook executive Rachel Whetstone as its new chief communications officer. Whetstone joined Facebook in September last year to run communications for Whatsapp, Instagram and Facebook Messenger. The former head of policy at Uber and Google will run global communications for the streaming service as it looks to expand internationally. Netflix chief [...]
US and Mexico agree trade deal to replace NAFTA as talks with Canada set to begin immediately August 27, 2018 The United States and Mexico have reached an agreement on a new trade deal, as Wall Street rallies to all-time highs. President Trump has announced a new United States-Mexico Trade Agreement and said that discussions with Canada would begin immediately. Shares of automakers, set to gain from the deal, soared following the announcement with Ford [...]
US markets open higher amid optimism over new trade deal with Mexico August 27, 2018 The US markets have opened amid optimism as the White House and Mexico close in on agreeing a new trade deal. Reports that the US and Mexico are close to agreeing a new North American Free Trade Agreement (NAFTA) has seen US stocks rise to all-time highs today. The Dow Jones Industrial Average jumped 159 [...]
Net migration of EU citizens into the UK falls to six-year low as businesses are warned of a skills gap August 23, 2018 Net migration of EU citizens into the UK has fallen to its lowest level since 2012 as business leaders warn of a record skills gap and recruitment problems. The Office for National Statistics (ONS) said 87,000 more EU citizens moved to the UK during the year to March 2018, down from 123,000 the previous year [...]
