Help UK entrepreneurs, says FSB March 15, 2011 The government must nurture a culture of entrepreneurialism by cutting barriers and red tape for the self-employed, the Federation of Small Businesses said yesterday. The current system, which involves burdensome check ups on the self-employed, is overly complex and imposes unfair taxes, the FSB said.
Reform tax system, IoD demands March 15, 2011 Entrepreneurial investments should be exempt from capital gains tax, and the government must commit to abolish the 50p rate of income tax, the Institute of Directors said yesterday. The IoD called for several changes to the tax system to improve the UK’s competitiveness.
Euro employment steadily rising March 15, 2011 Eurozone employment climbed 0.1 per cent quarter-by-quarter in the final three months of 2010 after being stagnant in the third quarter. Meanwhile, the Organisation for Economic Co-operation and Development (OECD) said unemployment fell across its member states for the second consecutive month, down 0.1 per cent to 8.4 per cent in January.
German investor morale declines March 15, 2011 The German Zew index of investor confidence unexpectedly fell from 15.7 per cent to 14.1 per cent in March, on worries over Japan’s disaster and an expected rise in Eurozone interest rates. The index’s long-term average is 26.7 per cent.
Inflation stays steady in France March 15, 2011 French consumer price inflation remained steady at 1.7 per cent year-on-year in February after increasing 0.47 per cent month-on-month. “Despite higher oil prices, inflation is easing marginally for the second month in a row,” commented economist Dominique Barbet of BNP Paribas.
Ofcom ruling to hit mobile call revenues March 15, 2011 TELECOMS regulator Ofcom will reduce the amount mobile operators can bill for connecting to their networks, cutting charges by 80 per cent over four years among the main players. Ofcom said that from 1 April the four national network operators 3UK, O2, Everything Everywhere and Vodafone faced a reduction in so-called termination rates – the [...]
CITY MOVES | WHO’S SWITCHING JOBS March 15, 2011 Jeffrey Green Russell The full service commercial law firm has promoted Kamran Rehman as partner to its banking and finance litigation team. With expertise in all core legal fields, the firm also boasts a number of leading industry-specific teams. Rehman’s work includes banking and commercial disputes including professional negligence claims and mortgage fraud claims. He [...]
Customers could suffer in long run March 15, 2011 OFCOM likes to present itself as a customer champion. Yesterday, it said its decision to slash mobile termination rates (MTRs) would “benefit consumers”. But despite the quango’s well-meant intentions, many consumers will soon be worse off as a result of these changes. That’s because MTRs – the wholesale charges made by mobile operators on those [...]
BEST OF THE BROKERS March 15, 2011 DIAGEO Societe Generale rates the drinks group “buy” with a 12-month target price of £14.10. The broker sees Diageo’s reported bid for Polish spirits firm Stock as in line with the firm’s emerging markets expansion plan, saying the firm is well-placed to make medium-sized purchases while rivals focus on deleveraging. Soc Gen also sees the [...]
Around one fifth of senior finance roles are held by women: it is still far too few March 15, 2011 HEAD OF ACCA UK LAST Tuesday was International Women’s Day, the hundredth International Women’s Day, to be precise. Did you notice? Did it matter? There are, after all, multiple “days” recognised throughout the year. I hope you’ve all got World Post Day (9 October) and World TV Day (21 November) in your diaries too. Both [...]
