IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
The City helps fuel economic growth right across the country, so be wary of those who want to clip its wings October 28, 2018 One of the most pernicious elements of Labour's current economic platform is the idea that the City is entirely distinct from (and damaging to) the so-called real economy. Jeremy Corbyn and John McDonnell's stump speeches routinely contain attacks on predatory bankers, fat-cats and financial speculators. The labour leader also seems to have a personal vendetta against [...]
High street turmoil: Debenhams cancels dividend as it confirms £500m loss October 25, 2018 Debenhams scrapped its dividend this morning as it confirmed a loss of almost £500m amid plans to close up to 50 stores, after news of the troubled retailer’s desperate outlook broke late last night. The department store’s biggest loss in its 240-year history came as chief executive Sergio Bucher insisted the company remains a “profitable business”, [...]
The battle for London’s business: Behind the scenes, European cities are on a charm offensive to attract City jobs October 24, 2018 Behind the scenes, European cities are on a charm offensive to attract City jobs, finds Jasper Jolly WITH Brexit negotiations reaching fever pitch, all eyes are fixed on the politicians wrangling over the UK’s new place in the world. But behind the scenes another battle is going on, with well-funded campaigns vying to attract business [...]
Blame the bank: How finance caused today’s housing crisis October 18, 2018 Home ownership is increasingly out of the reach of younger adults in the UK. The share of those aged 25-34 who own their home fell from 55 per cent in 1997 to 35 per cent in 2017, according the Institute of Fiscal Studies. A decade of stagnant wage growth means that the gradual house price [...]
Panmure Gordon grows profits after Bob Diamond-led takeover October 9, 2018 Venerable British stockbroker Panmure Gordon grew its profits in 2017 after being taken over last year by a consortium that included ex-Barclays boss Bob Diamond. Panmure Gordon’s parent company, Panmure Gordon Group, made profits after tax of £2.3m in 2017, more than double the £1.1m 2016 profits of the pre-takeover group. The firm made net [...]
Five charts that explain the case for emerging markets October 8, 2018 Investors generally understand the importance of emerging markets in terms of their economic impact but, perhaps due to lack of knowledge, often struggle to know how best to reflect this in their portfolios. Those investors have ignored what are some of the world's best-performing financial markets since the turn of the millennium. What is more, [...]
Tax cut plan shows Tory MPs are focused on winning back young professional voters October 8, 2018 Oasis playing to more than 100,000 fans at Knebworth. John Major clinging on to power in Downing Street. England’s footballers crashing out of the European Championships on penalties to Germany. The year, of course, was 1996. It may seem like yesterday to many of us, but life in Britain is markedly different today. This morning the [...]
Ministers urged to give tax breaks to landlords who sell to long-term tenants in push to get renters onto housing ladder October 8, 2018 Ministers have been urged to get private renters onto the housing ladder by offering big incentives to landlords who sell their property to long-term tenants. Campaigning think tank Onward laid out proposals to give buy-to-let properties 100 per cent capital gains tax relief if the home is sold to a tenant who has lived there [...]
Liberal Democrats announce plans to create UK’s first sovereign wealth fund September 16, 2018 Vince Cable, leader of the Liberal Democrats, has unveiled proposals to create the UK’s first-ever sovereign wealth fund, aiming to build up £100bn through tax reforms and asset sales. The fund would be built up over 10 years, through a combination of wealth taxes and by selling off the taxpayers’ £2.6bn stake in Royal Bank [...]
Liberal Democrats announce plans to create UK’s first sovereign wealth fund September 16, 2018 Vince Cable, leader of the Liberal Democrats, has unveiled proposals to create the UK’s first-ever sovereign wealth fund, aiming to build up £100bn through tax reforms and asset sales. The fund would be built up over 10 years, through a combination of wealth taxes and by selling off the taxpayers’ £2.6bn stake in Royal Bank [...]