£53,000,000,000: how much the City paid in tax last year December 15, 2010 THE City paid a staggering £53.4bn in tax last year – more than a tenth of total government tax receipts. The report carried out by PwC for the Corporation of London shows tax paid by the UK’s financial services industry is ahead of any other sector. Business leaders and industry figures lauded the City for [...]
Cameron refuses to block Spurs Olympic stadium bid December 15, 2010 TOTTENHAM’S bid to move into the Olympic Stadium has received a double boost after Prime Minister David Cameron and the Premier League refused to stand in the way of the controversial plan. Cameron (right) declined when asked by David Lammy, the MP for Tottenham, to sign a petition demanding Spurs ditch proposals to move from [...]
US sues BP for $21bn in fresh Gulf spill lawsuit December 15, 2010 THE US government said yesterday it would sue BP for $21bn (£13.5bn) alongside four other companies tied to the Gulf of Mexico oil spill in August, for violating US environmental laws, in the opening salvo in what will likely be a lengthy legal battle. If successful the damages from the lawsuit would be on top [...]
Henson could face England December 15, 2010 WALES and Saracens centre Gavin Henson is being tipped to make a sensational return to the Test arena in the Six Nations opener against England. The talented back has not played a competitive match since March, having taken time away from the game and then enjoyed a stint on television’s Strictly Come Dancing. But Henson [...]
FSA to reveal full RBS view December 15, 2010 THE Financial Services Authority (FSA) pledged to publish its report into the near-collapse of Royal Bank of Scotland (RBS) yesterday, following widespread political pressure. FSA chairman Lord Turner said in a letter yesterday he hoped to release “a clear description of any key failings” by the end of March RBS was not warned in advance [...]
MCC warned about wisdom of lie detector proposals December 15, 2010 THEY are more commonly associated with daytime television and US courtrooms than the genteel world of cricket. But the game’s lawmakers are giving serious consideration to using lie detector tests in their latest bid to wipe out the growing threat of corruption in the sport. The MCC’s proposal is part of a range of measures [...]
Reform needed – but City vital to UK December 15, 2010 AT last, some facts to enlighten a debate mired in hysteria, demagoguery and ignorance. The much-maligned financial services industry contributed an estimated £53.4bn to UK government taxes in the 2009/10 financial year, 11.2 per cent of the total UK tax take, according to a report today from the City of London Corporation. The banks are [...]
Monty: Casey still snubs me December 15, 2010 RYDER CUP captain Colin Montgomerie admits he has hit a brick wall with his efforts to speak to Paul Casey, 10 weeks after leaving him out of his team at Celtic Manor. Montgomerie overlooked Casey for one of two wildcard picks to face the United States in October, after the Englishman failed to qualify automatically. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 15, 2010 FINANCIAL TIMES SIENNA MILLER CLAIMS REIGNITE HACKING ROW Lawyers representing the actress Sienna Miller have alleged that a senior executive at the News of the World ordered a private detective to hack into her mobile phone voicemail account, reigniting a controversy over journalistic practices at the tabloid Sunday newspaper. GOLDMAN’S SZE TO LEAVE FOR HEDGE [...]
Hopley backs selection process December 15, 2010 RUGBY UNION: The boss of the Rugby Players Association has given a cautious endorsement of England’s plans not to select overseas-based players after next year’s World Cup in New Zealand. Chief executive Damian Hopley said the proposals are “heavy-handed” but admitted: “If this is what it takes to get the best results from England at the 2015 [...]
