Take Pine Creek to strike at Ascot off low weight for in-form Ferguson October 31, 2013 IF WETHERBY are planning any pre-racing entertainment tomorrow, surely they’ll decide to blare Thin Lizzy’s ‘The Boys Are Back In Town’ through their PA system. With Long Run and At Fishers Cross both lining up on Charlie Hall Day, this is the first meeting of the season when the big boys come out to play. [...]
Credit doubles as Britons go on a debt binge October 31, 2013 London leads a boom in house prices that threatens to spiral out of control CONSUMER credit is rising twice as fast as previously thought, the Bank of England admitted yesterday, raising new concerns over a bubble in lending. The borrowing splurge means households borrowed an extra £864m on credit cards and via other unsecured loans [...]
Business leaders want a treaty change with Brussels October 31, 2013 MORE than half of British business leaders want to significantly change the UK’s relationship with the European Union, a survey revealed this morning. A majority of 56 per cent of respondents say a treaty change is required and also say they “would like to see Britain’s relationship with Brussels changed to focus on trade”. Under a [...]
Treasury to tax overseas buyers of UK property October 31, 2013 GEORGE Osborne is considering a tax raid on overseas investors who own British property, it was reported yesterday, in an attempt to raise millions of pounds. The plan would require non-UK-based real estate owners to pay capital gains tax (CGT) on British property, according to Sky News. At the moment only UK residents pay the tax to HMRC. Many [...]
Sorry to be a party-pooper, but this is the wrong kind of growth October 31, 2013 EVEN the Bank of England sometimes makes mistakes. It was forced to correct its most recent data on consumer borrowing yesterday, in a development that confirmed what many of us feared all along: credit is beginning to surge dangerously. Yes, the economy has rebounded; but in many ways we are seeing the wrong kind of [...]
Davey plans criminal laws for energy price-fixing October 31, 2013 ENERGY firms found guilty of manipulating the markets could face criminal prosecution, according to new government reforms proposed by Ed Davey yesterday. In his annual statement, the energy secretary also confirmed plans for a yearly competition review “to make sure the energy market is operating properly” and said he wanted to make it easier for [...]
What the other papers say this morning – 01 November 2013 October 31, 2013 FINANCIAL TIMES Microsoft urged to spin Xbox business Microsoft’s next chief executive should consider spinning off consumer businesses including search advertising and the Xbox games console, according to the private investment vehicle of Microsoft co-founder Paul Allen. Mr Allen, who started the company with Bill Gates in 1975 and still holds a $2bn stake, is [...]
Utilities pay the biggest chunk of company tax October 31, 2013 ENERGY and water firms saw their corporation tax bills jump in 2012, HMRC figures showed yesterday, as the utilities sector paid more into state coffers than any other. Although the sector comes in for criticism for a perceived lack of contribution to wider society, it in fact paid £9.6bn in corporation tax 2011-12. That is [...]
Report says fracking is low risk October 31, 2013 The health risks of fracking for shale oil and gas are low, as long as it is “properly run and regulated”, the government’s health agency said yesterday. Public Health England said that any health impacts were likely to be minimal from the hydraulic fracturing, or fracking technique used to exploit the reserves. Environmental campaigners are [...]
High investor interest for Twitter October 31, 2013 Twitter’s market debut is reported to be oversubscribed before the date of the public offering has even been revealed. The social network is planning to offer 70m shares at between $17 and $20 each, although Twitter could increase the amount or price before going public. Twitter is currently touring major US cities to drum up [...]
