Nationwide House Price Index: UK house prices hit a new record high April 29, 2015 UK’s house price growth rose by an annual rate of 5.2 per cent in April, a small rise from March’s figure of 5.1 per cent. This put the average cost of a house in the UK at £193,048, the highest since records began. The figures According to data from Nationwide, UK house prices rose one per [...]
David Cameron’s tax freeze pledge: Tories will not raise income tax, National Insurance, or VAT April 28, 2015 The Conservative party will today pledge a cast-iron guarantee that it will not raise the rates of income tax, National Insurance (NI) or VAT during the next parliament, should David Cameron be returned to Downing Street. A law preventing any increase in the three taxes – which account for over 60 per cent of tax [...]
Gotham city takes on Wall Street giants April 28, 2015 CONTROVERSIAL investment and research firm Gotham City launched its most ambitious attack last night – taking on a US company backed by Wall Street giants Warburg Pincus and Goldman Sachs. Gotham, which bets against firms it claims have questionable financial accounts, published a 61-page report into a web hosting firm called Endurance International, accusing it [...]
Think tank IFS says Labour cannot bank on 50p tax rate to bring in more money April 28, 2015 Labour cannot bank on bringing more money into the public purse by reintroducing the 50p tax rate, according to new research from the Institute for Fiscal Studies (IFS). The independent research institute said yesterday that raising the additional rate of income tax for people earning more than £150,000 from 45 to 50 per cent [...]
Other taxes under the microscope April 28, 2015 PROPERTY TAXES The IFS criticised the parties for failing to address “many problems” with current housing tax policies. Labour, the Lib Dems and the SNP have all said they would bring in a “mansion tax,” an annual charge on residential properties worth more than £2m. Meanwhile, the Tories promised to reduce the tax on more-expensive [...]
General Election 2015: Dragons’ Den star Peter Jones wants a focus on entrepreneurship and business education April 28, 2015 ELECTION COUNTDOWN: 8 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. PETER JONES: CBE, DRAGONS’ DEN STAR AND ENTREPRENEUR ■ What I really want from our next government is an [...]
Twitter shares tumble 20pc after blunder sees results leaked early April 28, 2015 IT WAS not just the numbers that disappointed Twitter executives last night, but the way in which the results were delivered. While revenue came in less-than-expected, the results were posted sooner-than-expected – on Twitter – by US analysts Selerity. Revenue for the three months to 31 March was $436m (£284m), up 74 per cent year-on-year but below [...]
Alleged flash crash trader back in court after bail goes unpaid April 28, 2015 THE BRITISH day trader who allegedly sparked the 2010 US flash crash will appear in court again this morning after he failed to stump up the £5m bail needed to be freed from custody. Navinder Sarao, a 36-year old trader from Hounslow, has been in police custody since his arrest on 21 April, despite a [...]
Tsipras insists deal on bailout will be struck April 28, 2015 FEARS over the Greek government’s finances partially subsided yesterday as Prime Minister Alexis Tsipras said he believed a deal for extra bailout cash could be reached by 9 May. The money would come in time for a 12 May debt repayment to the IMF of about €750m (£540m). The interest rate on Greece’s 10 year government [...]
US web outfit Endurance plunges after Gotham City points the finger April 28, 2015 TWELVE thousand words wiped half a billion dollars off the value of web-hosting firm Endurance International yesterday after Gotham City Research launched the latest salvo in its battle against firms it alleges are worthless. The research note, entitled A Web of Deceit, placed a $0 target price on Endurance shares, which were trading at $21.94 [...]