Britain’s small businesses deserve a simpler, fairer tax system May 21, 2019 “When you look after small business,” Sajid Javid said last week, “you look after Britain”. But too often, he admitted, the government has focused its attention elsewhere – big government finding it easier to talk to big business than small. Britain has an enviable record of company creation. Indeed, alongside our stellar job creation rates, [...]
Sterling falls below $1.27 for first time since early January as Brexit fears intensify May 21, 2019 Sterling has fallen below $1.27 for the first time since the beginning of the year as Brexit fears intensify. It comes as Prime Minister Theresa May prepares to unveil her “new and improved” Brexit plan to her Cabinet this afternoon in a bid to pass a deal through parliament at the fourth time of asking. [...]
Millennials increasingly pessimistic about the economy, finds Deloitte May 20, 2019 Pessimism among younger people about the economy is growing in the UK and worldwide, according to a comprehensive new survey of millennials and generation z workers. Read more: Insolvencies among millenials soar as housing costs shred ‘cash cushions’ Only 26 per cent of respondents said they expected the economies in their countries to improve in [...]
Trump delays car tariffs decision on EU and Japan by six months May 17, 2019 US President Donald Trump has delayed imposing tariffs on imported cars by six months to allow for negotiations with the EU and Japan. Global markets rallied yesterday following reports of the six-month delay and the White House confirmed the move today. Read more: Global stocks reverse falls after reports Trump will delay auto tariffs A [...]
Eurozone core rate revised up as inflation hits estimates May 17, 2019 Eurozone prices rose by 1.7 per cent in April, in line with previous forecasts, while core inflation beat expectations. Consumer prices in the bloc rose 1.7 per cent higher year-on-year from 1.4 per cent in March, according to EU statistics agency Eurostat. Read more: Eurozone trade surplus grows in sign of recovery for struggling area [...]
Eurozone trade surplus grows in sign of recovery for struggling area May 16, 2019 The Eurozone achieved a better-than-expected trade in goods surplus in March, official statistics revealed today, in the latest sign of economic recovery on the continent. Read more: Global stocks reverse falls after reports Trump will delay auto tariffs Meanwhile the European Union’s trade in goods deficit with China grew and its surplus with the US [...]
UK remortgaging rate jumps as owners cash in on low interest rates May 16, 2019 The number of people remortgaging their homes with additional borrowing spiked in March, according to data released today, as people took advantage of favourable interest rates. Read more: Experts warn of 'bumpy ride' for UK house prices Meanwhile the number of new loans to both movers and first time buyers fell in March year-on-year, figures from [...]
London businesses ‘unaware’ of improvements to apprenticeship levy May 16, 2019 Only a quarter of London businesses are aware of the improvements to the apprenticeship levy that were announced in the Spring Statement, new research shows. In March the government announced that from April employers would see the co-investment rate the pay for apprentices cut from 10 per cent to five per cent. Read more: Apprenticeship [...]
The two main advocates of nationalisation without market value compensation: Venezuela and Corbyn’s Labour Party May 15, 2019 Labour's shadow chancellor can be quite charming when he wants to be. He can also be quite thuggish, and has yet to apologise for his comments about “lynching” former Tory minister Esther McVey. But it was charming John who spoke to an audience of CEOs earlier this week, during which he was asked by one [...]
US stocks fall as industrial sector contracts for third time in four months May 15, 2019 US industrial production unexpectedly fell for the third time in four months in news that will displease the Trump administration as it wages a trade war on China. Read more: European markets back in red following weak Chinese data Industrial production fell 0.5 percent in April, meaning output declined at an annual rate of 1.9 per [...]