Boris Johnson risks US fine or jail over failure to pay American capital gains tax on London property December 14, 2014 Boris Johnson risks a hefty fine or even a spell in jail if he fails to pay American capital gains tax on a London property he sold in 2009, a leading US tax specialist has told City A.M.. Johnson, who was born in New York and holds an American passport, revealed last month he was [...]
David Cameron launches 20 per cent discount scheme for new homes December 14, 2014 David Cameron will today launch a starter home scheme for first-time buyers, offering a 20 per cent discount on newly-built properties. The policy, announced by the Prime Minister at the Conservative party conference earlier this year, was set to be a manifesto pledge, but is instead being unveiled six months earlier than planned. Buyers under [...]
From Vibease to Elon Musk’s underwhelming big reveal, here are nine of the worst inventions of 2014 December 13, 2014 If you're looking for Christmas present ideas, you've come to the wrong listicle. This is all about the worst inventions of 2014, and there have been some real crackers. If you end up with one of these under the tree, you know your family hate you. 1. Pizza Hut's mind-reading menu app We're pretty certain [...]
Nigel Farage has made more BBC Question Time appearances than anyone else this decade following clash with Russell Brand December 12, 2014 No one has appeared on Question Time more than Nigel Farage this decade. Following his hotly anticipated clash with Russell Brand on Thursday, Farage has made 12 appearances as a guest on Question Time since 2010. In fact, since the Ukip leader first sat on David Dimbleby’s panel in November 2000, only three [...]
Russell Brand Vs Nigel Farage: Play BBC Question Time bingo as political upstarts go head-to-head December 11, 2014 TV viewers of all persuasions will be treated to a political showdown between revolutionary jabberer Russell Brand and immigration delayed Nigel Farage on Question Time tonight. The must-see event (or must-avoid, depending on how strong your political gag reflex is), kicks of at 10.35pm. Be prepared for a war of words. But what choice words [...]
Boris Johnson praises Chelsea for becoming first Premier League club to adopt living wage December 11, 2014 London mayor Boris Johnson has praised Chelsea for becoming the first Premier League club to sign up to the living wage. The current league leaders have been accredited by the Living Wage Foundation which advises companies pay staff a minimum of £9.15 per hour in London and £7.85 per hour everywhere else. Workers [...]
ECB’s second round of cheap loans disappoint again December 11, 2014 The European Central Bank's (ECB) second round of cheap loans has disappointed again, piling pressure onto the central bank to step up its monetary stimulus measures. The 255 participating lenders took a total of just €129.84bn (£102.6bn) from the targeted longer-term refinancing operation (TLTRO), slightly below the €130bn or more that economists had predicted. This [...]
Sports Direct brushes off England’s early World Cup exit but results show even Mike Ashley can’t predict the weather December 11, 2014 Sports Direct has brushed off England's disappointing World Cup performance but it seems owner Mike Ashley is not immune to the unseasonal weather. The figures Group revenue rose 6.5 per cent to £1.4bn in the six months to 26 October. Underlying earnings before interest, taxes, depreciation, and amortisation rose 11pc to £203.1m, excluding charges related to the [...]
FCA chiefs Martin Wheatley and David Lawton cling on despite damning Davis report on insurance market fiasco December 10, 2014 City watchdog Martin Wheatley came in for criticism yesterday as the £3.8m Davis report on the regulator’s handling of media briefings was released to the public. The Financial Conduct Authority’s (FCA) chief executive will forgo his bonus for 2013-14 as a result of the findings, as will David Lawton, director of markets, Zitah McMillan, director [...]
Davis report: Questions raised over Martin Wheatley’s leadership following FCA scandal December 10, 2014 Conservative MP Mark Garnier said yesterday that Financial Conduct Authority (FCA) boss Martin Wheatley faces questions over his fitness for the role. The former City fund manager, who now sits on the Treasury Select Committee, told City A.M.: “The question is whether the regulator’s priorities are badly distorted. It seems the regulator is confused about what [...]