Bank of Japan holds fire on more easing November 20, 2012 The Bank of Japan kept monetary policy steady today, following two straight months of easing, despite growing calls for more stimulus. As expected, the central bank held off from expanding its asset-buying programme from 91 trillion yen (£704bn). In October, the BOJ said it would increase monetary stimulus by 11 trillion yen (£86bn) in a [...]
Credit Suisse to dismantle asset management arm November 20, 2012 Credit Suisse this morning announced it would dismantle its asset management division, and combine it with its private banking arm into a new division. The Zurich-based bank’s new private banking and wealth management division will be led by current head Hans-Ulrich Meister and asset management head Robert Shafir. Meister will run private banking in Switzerland, [...]
easyJet hikes dividend on higher profits November 20, 2012 Low-cost carrier eastJet this morning hiked its dividend by more than 100 per cent, as it reported a 28 per cent jump in pre-tax profit over the year to September. Pre-tax profit came in at a record £317m, up from £248m the year before, a jump of 27.9 per cent, which was helped by a [...]
It is shocking just how much tax most workers have to pay November 20, 2012 ONCE again, Boris Johnson is making sense on tax. He is right to be calling for a lower tax economy and to oppose increasing the tax on homeowners – while simultaneously demanding the elimination of the loopholes that mean that the current system is riddled with problems, especially when it comes to corporation tax. The [...]
The Ostrich generation November 19, 2012 BRITAIN’S young savers are wildly underestimating how much they need to save each month for a comfortable retirement, after a national survey found just one in 10 is putting money aside for a pension – despite having high expectations for their final pension pots. Just 12 per cent of Britons between 25-34 years old are [...]
Boris slams plans for property tax as stamp duty hits market November 19, 2012 BORIS JOHNSON yesterday slammed Liberal Democrat politicians who are calling for property tax hikes, while urging Google and other companies criticised for tax avoidance to do more to benefit the UK. “It is absurd to be suddenly whacking up taxes on cash-poor people who happen to inhabit expensive houses in London when firms like Google [...]
Government to lay out new plans for energy bills November 19, 2012 THE GOVERNMENT is expected to get tough on energy companies today, with ambitious proposals to reduce bills for consumers. Energy secretary Ed Davey is to make a speech this afternoon, in which he is expected to outline plans that he hopes will help consumers reduce their growing gas and electricity bills and make it easier [...]
It is shocking just how much tax most workers have to pay November 19, 2012 ONCE again, Boris Johnson is making sense on tax. He is right to be calling for a lower tax economy and to oppose increasing the tax on homeowners – while simultaneously demanding the elimination of the loopholes that mean that the current system is riddled with problems, especially when it comes to corporation tax. The [...]
What the other papers say this morning November 19, 2012 FINANCIAL TIMES SAS staves off bankruptcy SAS has staved off the immediate threat of bankruptcy after all eight unions representing flight personnel at the Scandinavian airline signed up to wage cuts of up to 15 per cent. In a marathon negotiating session that lasted from Sunday morning until yesterday afternoon, SAS managed to convince one [...]
Ex-banker calls PPI claims mad November 19, 2012 BANKS have given in to “mad” levels of compensation to victims of payment protection insurance (PPI) mis-selling, former HBOS retail risk chair Sir Charles Dunstone claimed yesterday. Sir Charles said banks “surrendered” to the £11bn package set aside for victims, due to their unpopularity – going on to say that he didn’t think the policies [...]
