RBS is “too big” for the economy of an independent Scotland August 14, 2016 The bank formerly known as the Royal Bank of Scotland would be "too big" for the Scottish economy if the country were to become independent from the rest of the UK, its top boss has said. And that would prompt a move of its headquarters to the UK, despite the vote for Brexit. RBS boss [...]
The Bank of England’s chief economist has “sympathy for savers” after rate cut August 14, 2016 One of the Bank of England's senior policy-makers has said he has "enormous" sympathy for savers, after the central bank slashed interest rates in the wake of the Brexit vote. Andy Haldane, one of nine members of the BoE's rate-setting monetary policy committee who voted in favour of cutting rates even further from their already historic low, said [...]
Economists expect another month of stable inflation before sterling’s Brexit devaluation hits prices August 13, 2016 Inflation figures out this week are expected to reveal sterling's dramatic post-referendum collapse is yet to hit prices for UK consumers. Statistics out on Tuesday, which will show how quickly prices rose in July, the first full month after the referendum, will also be watched closely by commuters as they determine how much train tickets will [...]
Holiday taxes add £131 to typical family getaway August 13, 2016 A plethora of holiday taxes can add more than £130 to the typical family summer getaway, research by the TaxPayers' Alliance (TPA) has found. A combination of Air Passenger Duty (APD), the Insurance Premium Tax and the cost of VAT on holiday essentials such a sun cream and swimming costumes, sets vacationers back an extra £61.12 per adult [...]
US 2016 Presidential Election: The Clintons’ tax return shows the pair made more than $10m last year August 13, 2016 Hillary and Bill Clinton raked in a total of $10.6m (£8.2m) in 2015, tax records released by the official Hillary for President campaign yesterday showed. The former president earned $6m from speaking fees and engagements, while Hillary Clinton, who is running to succeed Barack Obama in the White House took in more than $4m in fees and [...]
US 2016 Presidental Election: Donald Trump thinks he’ll only lose Pennsylvania if the election is rigged August 13, 2016 Donald Trump has said the only way he will lose the state of Pennsylvania in the US Presidential Election is if the vote is rigged. Ramping up his rhetoric ahead of the 8 November poll, Trump said last night at a rally in the state: "The only way we can lose, in my opinion – [...]
Royal Bank of Scotland to ditch “RBS” in brand shake-up August 13, 2016 The Royal Bank of Scotland (RBS) will become a name of the past for the majority of people across the UK, its chief executive said yesterday. The bank is set to kill off the RBS retail brand for everywhere outside Scotland, using less-toxic local brand names instead. That will mean in England and Wales, all RBS [...]
Hammond guarantees £4.5bn EU funding for farmers and scientists until 2020 August 13, 2016 Chancellor Philip Hammond has today pledged to match EU funding for British firms in the first guarantee of its kind since the UK voted to leave the bloc in June's historic referendum. Hammond has agreed that all UK projects that win funds under the various EU development programmes will be "fully funded, even when these projects continue beyond the departure from [...]
After the whistle: Premier League clubs have been busy monetising content this summer which Sky, BT Sport and the BBC would eagerly compete for August 12, 2016 In recent weeks, Sky Sports has had David Beckham running through the streets taking in 10 months of Premier League footballing drama. But the UK’s top flight tournament is no longer seasonal. Over the summer, fans have been assiduously following transfer news and international friendlies with a new level of fervour. And Premier League clubs [...]