Steel crisis: Sajid Javid announces that government would consider going in on the purchase of Port Talbot with a commercial buyer April 11, 2016 Business secretary Sajid Javid announced in parliament today that government would consider co-investing in Port Talbot. Government would consider going in with another buyer on commercial deal, and that they had appointed accounting giant EY as a commercial adviser. "I've been in contact with potential buyers, making clear that the government stands ready to help," said [...]
Chancellor George Osborne shares his tax details for 2014/15, as Prime Minister David Cameron announces that nobody will be obliged to reveal their return April 11, 2016 Chancellor George Osborne has joined the list of politicians who have made their tax return public today. Osborne published a copy of a summary of his tax return for the 2014/15 tax year, revealing that he made a taxable income of £198,738 and paid income tax of £72,210. His income is compromised of £120,526 in taxable pay and [...]
Generation Z more wary of their potential bosses taking a look at their online profiles April 11, 2016 It may seem that kids these days spend all their time on social media but that's probably because they're carefully editing what they put on there. Generation Z, particularly those aged 16-24, are more wary that a potential employer could be snooping on their online profile than workers in other age groups, a survey released [...]
Aim-listed law firm Gateley has acquired tax specialist Capitus April 11, 2016 Share price in Gateley rose today after the Aim-listed law firm snapped up Capitus, a tax incentives adviser. Capitus, which Gateley has purchased for £2.7m in shares and cash in what is its first acquisition since listing on the exchange, raked in revenues of £1.4m and an operating profit of £593,000 for its year ended June 2015. Gateley, [...]
UK pensions trends: FTSE 100 defined benefit pension schemes are increasingly bolstered by bonds April 11, 2016 FTSE 100 companies now hold a record £315bn worth of bonds across their defined benefit (DB) pension pots, research released today has found. According to the study by JLT Employee Benefits, FTSE 100 companies increased the value of bonds they held in their DB pension scheme assets by roughly £25bn over the year to the end of September [...]
EU referendum: New guidelines on campaign limits during the referendum period to be published, after big bosses demand clarity April 10, 2016 The Electoral Commission is understood to be publishing an updated set of guidelines tomorrow regarding what businesses are allowed to do once the EU referendum period formally begins on Friday. The move, which was first reported by Sky News, comes as some of the bosses at the UK's largest companies are warning that they'll be keeping their mouth [...]
Libor scandal: Witnesses to be called this week in trial of five ex-Barclays employees accused of conspiring to rig Libor April 10, 2016 The first witnesses are due to testify this week in the trial of five ex-Barclays bankers who are accused of working together to rig Libor. Former Barclays traders Stylianos Contogoulas, Jay Merchant, Alex Pabon and Ryan Reich, along with one of Barclays' former Libor submitters Jonathan Mathew, have been charged with conspiracy to defraud on [...]
Panama Papers scandal: What we know about the new UK tax taskforce so far April 10, 2016 Earlier today, Prime Minister David Cameron announced that a new tax taskforce would be set up to deal with the fallout from the Panama Papers report. (He also shared a letter from his accountant, which you may have heard about.) While the precise details of the taskforce are still foggy, here's what we've discovered so far: [...]
UK cyber security company Darktrace embarks on funding round to secure $400m valuation April 10, 2016 UK cyber security company Darktrace has turned to Silicon Valley in a bid to secure funding which would see the company valued at $400m (£283.2m). The company, which is headquartered in both Cambridge, UK, and San Francisco, USA, was founded in 2013 by mathematics and computer specialists from the University of Cambridge and intelligence experts from MI5 and GCHQ. [...]
UBS Wealth Management – people working past 65 despite being able to afford to retire (maybe) April 10, 2016 NULL
