Budget 2017 UK: When does Philip Hammond’s Spring Budget speech start and where can I watch it? March 8, 2017 How much more will you be paying for a pint? We'll soon find out as chancellor Philip Hammond will unveil new spending powers this week. What is the Spring Budget? This will be Hammond's first and last Spring Budget, as the annual Budget announcement is set to move to a new schedule focused on the [...]
Kenneth Arrow: The man who proved economists needn’t be loud to make a difference March 8, 2017 Does winning the Nobel Prize in economics cause longevity? We might be forgiven for thinking so. Thomas Schelling died last year aged 95. The author of the famous textbook, Paul Samuelson, passed away at 94, while his colleague Bob Solow is still going strong at 92. The British Laureate Ronald Coase reached the age of [...]
Business teaches you how to negotiate: Here’s the Brexit advice I would give Theresa if I was at Number 10 March 8, 2017 As an entrepreneur, I’m naturally optimistic. I’ve always seen the upside in the UK becoming an independent nation, which is why I supported Vote Leave during the referendum campaign. My business career has also taught me some valuable lessons on how to negotiate successfully. If the government is given space to negotiate our exit from [...]
Why we should cheer on chancellor Philip Hammond -aka Spreadsheet Phil – during today’s Spring Budget March 8, 2017 Cast your minds back to November 2015, when George Osborne was still chancellor of the exchequer and Brexit was merely a twinkle in Boris Johnson’s artful eyes. Osborne was under pressure to scrap his proposed cuts to tax credits following an intense political storm. Fortunately for David Cameron’s right hand man, the government’s fiscal watchdog presented [...]
Employers see skills shortages ahead as demand for talent rises according to the REC’s jobs report March 8, 2017 Demand for staff in Britain has reached its highest point in 18 months as concerns over skills shortage rise for employers, a new survey of recruiters shows. Job vacancies rose to their highest point since mid-2015, according to an index collected by the Recruitment and Employment Confederation (REC), continuing a strong recovery since dipping after [...]
Paddy Power Betfair is trading neck and neck with analysts’ expectations March 7, 2017 Bookmaker Paddy Power Betfair saw its share price fall despite trading in line with expectations last year, underscoring perceptions that investors expect it to perform more strongly for the stock price. It highlighted an increase in underlying earnings of over a third to £400m as well as a significant dividend payment. The figures Revenues are up [...]
Aggreko share price hit as it warns on profits March 7, 2017 Power supplier Aggreko warned on profits alongside its 2016 results this morning, causing its share price to dive 13 per cent. It said that 2017 results will be hit by a “significant impact” of weaker pricing on contracts in Argentina. The figures The company reported a reduction of 24 per cent in 2016 pre-tax profits to £172m after [...]
Biggest US trade deficit since 2012 fans the flames of Donald Trump’s economic nationalism March 7, 2017 The gap between America’s imports and exports with the rest of the world grew to its widest since March 2012, adding fuel to the fire of President Donald Trump’s economic nationalism. The US imported $48.5bn more than it exported in January, an increase of $4.2bn from the previous month, according to the US Bureau of [...]
Exclusive: Apprentice star Lord Sugar says “Labour is dead”, Amazon should pay more in business rates and no one understands Brexit March 7, 2017 Apprentice star Lord Sugar has slammed Jeremy Corbyn for "destroying the Labour party". Speaking exclusively to City A.M., the billionaire entrepreneur said: "I think Jeremy Corbyn is totally useless and he’s destroyed the Labour party. It’s finished. It’s dead. They’ve got to find a new leader. "They need to kick him out but he’s so belligerent he [...]
X-ray company Medica Reporting plots £150m-plus IPO as private equity firm CBPE Capital seeks exit March 7, 2017 A private equity-backed x-ray company is plotting a stock market flotation, City A.M. can reveal. Medica Reporting, the UK’s largest remote radiology reporting network, is planning an initial public offering (IPO) that could value the company at more than £150m. Read more: London IPO, New York or sale? Sources say Misys is keeping its options [...]