By: Harriet Green

I am City A.M.'s deputy business features editor. I look after the Entrepreneurs page, Alternative Finance and our Office Politics section. I also help out with the Forum, running our daily debate. I have a special interest in distributed ledger technology. Prior to working at City A.M., I ran a social enterprise.

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Pension providers’ shares plunge on non-compulsory annuities

March 19, 2014

Shares in UK-listed pension providers are feeling the heat after chancellor George Osborne’s announcement that pensioners will no longer have to buy an annuity. Shares in Legal & General have plummeted seven per cent, to 214p. Source: Google Aviva has shed over four per cent to 495p, and Standard Life has seen shares fall almost [...]
Isa types merged as limit’s raised to £15,000

March 19, 2014

There's more big news for savers from the Budget. The government’s dramatically increasing the flexibility of Isas. It’s merging cash and stocks Isas into one product, allowing transfers from shares into cash. It's also raising the annual limit to £15,000, rising from £11,520. Junior Isas will be raised to £4,000. Halifax has been calling for [...]
Pension liberation as government ends compulsory annuities

March 19, 2014

Some enormous news on pensions. On the grounds that people should be trusted with their own finances, George Osborne's announced a liberalising new set of freedoms for pensioners. The government's getting rid of the restrictions on taking money out of pensions, with nobody now having to take an annuity. It's also cutting the income requirement [...]
Hardworking people, tie colour and other buzzwords from the Budget for a “resilient economy”

March 19, 2014

Favourite (and very much expected) buzzwords and catchphrases we’ve heard so far: Hardworking people Hardworking families Resilient Putting Britain right Made in Britain And, We’re all in this together One of the most bizarre yet pedestrian bets placed on this afternoon’s events has to be “How many sips of water will George Osborne take?” At [...]
Private jets to be subject to APD

March 19, 2014

Stating that it’s time to reform Air Passenger Duty (APD), George Osborne has announced all long-haul flights will be subject to the band B tax rate, with private jets now being taxed. The standard rate for band B is currently £134. This'll now apply to all long-haul flights, with the higher bands C and D [...]
Growth revised up to 2.7pc, borrowing and deficit down

March 19, 2014

Growth Following growth of a more sturdier kind than the Office for Budget Responsibility originally forecast last year, it’s nudged long-term growth forecasts higher, as the chancellor delivers something of a more confident Budget. The OBR’s revised its 2014 growth forecast up to 2.7 per cent – the biggest upwards revision to growth in 30 [...]
Average earnings increase by 1.4pc

March 19, 2014

Average weekly earnings in the UK, between November and January, rose by 1.4 per cent. Analysts had expected a 1.3 per cent climb, following the previous reading of a 1.1 per cent increase. Excluding bonuses, earnings rose 1.3 per cent – again, slightly above the 1.2 per cent forecast. Month-on-month, earnings rose 0.2 per cent [...]
Cambian Group plots market debut

March 19, 2014

Specialist care and education provider Cambian Group has said it’s planning to raise about £20m through an Initial Public Offering. The latest in a slew of companies to head towards a debut on the London Stock Exchange, Cambian’s listing is being lead by JP Morgan, with Numis as a joint bookrunner. The firm will have [...]
What you need to know before the open

March 19, 2014

Europe is expected to open mixed this morning after Vladimir Putin said yesterday that he’ll respect the sovereignty of Ukraine, going no further than recognising Crimea as part of Russia. Foreign secretary William Hague’s accused Russia of a “land grab”, calling the situation the most serious test of European security this century. Of course, we’ve [...]
Intertek sees mixed growth as US and European markets wane

March 19, 2014

Intertek, the London-based inspection, testing and certification firm, has posted what chief executive Wolfhart Hauser has called a mixed set of results for 2013, with growth varying across its markets. The group saw a nine per cent increase in profit before income tax to £281.8m in 2013, with revenue rising almost six per cent to [...]

Lewis Moody seeking sponsors for 500-mile ride in aid of MND

Lewis Moody seeking sponsors for 500-mile ride in aid of MND

Inside the Wetherpoons pub with great Tower of London views

By: Harriet Green

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