£1,376,000,000,000 The amount of debt Britain will be saddled with by 2015 June 14, 2010 THE national debt will hit a staggering £1.4 trillion by 2014-15, equivalent to £23,000 for every man, woman and child. The revelation came in Britain’s first official but independent set of fiscal forecasts, released by the newly-created Office for Budget Responsibility yesterday. Interest payments on the massive debt pile are set to soar to £67bn [...]
CGT CAMPAIGN GATHERS PACE June 14, 2010 ANOTHER influential investor body yesterday pledged their support for City A.M.’s campaign against the new government’s planned hikes to capital gains tax (CGT) – proposals this newspaper believes would unfairly punish private investors and derail enterprise and long-term investment in the UK. The Association of Private Client Investment Managers and Stockbrokers (APCIMS) has already written [...]
Time is fast running out for ailing BP June 14, 2010 BP will be destroyed by US litigation – that, at least, was the shocking message forcibly conveyed to me by several senior US business executives at a high-powered dinner party last night. Guests were starkly divided by nationality: the Brits (correctly, in my view) highlighted the point that several US firms are deeply involved in [...]
Murdoch bids for BSkyB June 14, 2010 Rupert Murdoch’s News Corporation approached BSkyB with a bid to take full control of the satellite broadcaster that valued the company at roughly £12bn, but was rebuffed, a source familiar with the matter said yesterday. BSkyB, which has News Corporation as its largest shareholder and Rupert Murdoch’s son James as its chairman, rejected the bid [...]
NEW WAYS TO BE HANDSOME June 14, 2010 THE idea of “getting a bit of work done” is no longer the preserve of ladies of a certain age – everyone’s at it, including men, from Simon Cowell and Gordon Ramsay to City gents who feel their features wilting under recessionary pressures. Any attempt to revitalise one’s looks should begin with a lifestyle reboot, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2010 FINANCIAL TIMES MINISTERS URGED TO EXTEND WIND SUBSIDIES One of the biggest investors in UK wind power will warn the government on Tuesday that it must extend subsidies for the industry or risk losing investment as European countries vie to build up wind capacity. ARAB NATIONS URGED TO MEET AID PROMISES Arab countries have been urged to use more of their [...]
Exercises to do seated at your desk June 14, 2010 LAURA WILLIAMS, FITNESS & DIET EXPERT Hone and tone your glutes and prevent back pain with a mini workout you can do while you carry on working. Prevent RSI Prevent Repetitive Stress-type injury by stretching out the muscles that get overworked with lots of mouse use. Keeping your shoulders low and relaxed, extend your right [...]
Boris seeks wider powers June 14, 2010 Boris Johnson, London’s mayor, is proposing he takes on much wider powers covering development, housing, transport and the Olympic legacy in a far-reaching shake-up of the way the capital is governed. The proposals, which will devolve more powers from Whitehall to City Hall, are set to be unveiled today at the first meeting since the [...]
Moody’s junks Greek debt June 14, 2010 Moody’s downgraded Greece’s credit rating to junk yesterday, trimming equity market gains and reigniting fears over the Eurozone region. The American ratings agency moved Greek government debt four notches down from A3 to Ba1, citing economic risks. The move produced muted effects on share indices because it comes after downgrades from S&P and Fitch. Moody’s [...]
BP told to put $20bn into an oil spill fund June 14, 2010 BP’S SHARES took yet another battering yesterday after the US demanded it set up a separate $20bn (£13.5bn) fund to ensure it has enough cash to cover the Gulf of Mexico clean-up costs. Shares tumbled by nine per cent in the UK to close at 355.45p, with investors uncertain over whether the oil major will [...]
