Here’s what early and seed-stage investor Seedcamp’s portfolio looks like: UK tech startups, fintech and blockchain January 25, 2016 One of the UK and Europe's leading investors in startups at an early stage has lifted the lid on its portfolio of companies. Eight-year old Seedcamp which initially started life as an accelerator but now concentrates on first-round funding, has backed more than 200 companies, which went on to pick up a further $365, in their next stage. Investments include [...]
Tax experts pour cold water on heated debate over Google’s £130m corporation tax agreement January 25, 2016 Tax experts have poured cold water on a heated debate over Google’s agreement to hand over £130m to HM Revenue & Customs (HMRC) in unpaid corporation tax, dismissing suggestions that the deal was unfair. Tighter rules surrounding corporation tax will result in a string of companies striking deals with HMRC, accountants say. “There will be lots of businesses that [...]
UK pensions: Flat rate pensions tax relief would be “fairer” and encourage people to save more for their retirement, but pensions ISA would be a bad idea, says industry body January 24, 2016 A single rate of pensions tax relief would make the system simpler, fairer and more sustainable, according to a statement made by the Association of British Insurers (ABI) over the weekend. The ABI, which has been calling for reform to higher rate pension tax relief since 2013, has urged government to consider introducing what it [...]
The FTSE crash is not Armageddon – but investors should still be light on their feet January 23, 2016 We all know that "hindsight" is the most successful trader in the world. Its performance has always been exemplary since time immemorial. However, alarm bells should have started ringing after the Shanghai Composite had added 150 per cent in value between June 2014 and June 2015, just when it was becoming decidedly obvious that China’s economy [...]
Davos 2016: Why you can’t afford to ignore the fourth industrial revolution – and how data must become essential to your business January 22, 2016 There's been one phrase on everyone's lips at this year's World Economic Forum: the fourth industrial revolution. Definitions differ on what exactly it is, but one thing we can all agree on is that the fourth industrial revolution is here and it is happening a lot faster than many of us ever imagined. While the first [...]
City Moves for 22 January 2016 | Who’s switching jobs January 22, 2016 RateSetter Marketplace lender RateSetter has appointed Paul Marston as head of SME lending and Angela Yotov as head of legal. Paul joins from Secure Trust Bank, a challenger bank, where he was managing director of the business and commercial division which provides funding for SMEs and property development loans. Prior to that he was a [...]
Blockchain payment revolution: How to ensure confidence in twenty-first century transactions January 22, 2016 We are on the threshold of a revolution in financial services which promises extraordinary leaps in efficiency for all kinds of transactions. And arguably the biggest obstacle to our society reaping the full benefit of this findustrial revolution is the issue of trust in transactions. When stock exchanges developed centuries ago, a handshake between (predominantly) [...]
Bernie Sanders: It’s not just the elite who should fear America’s leading socialist radical January 22, 2016 Brothers Larry and Bernie Sanders claim to be very close. Bernie (who is running to be the Democratic nominee for the US presidency) told the Daily Telegraph last year that he learned many of his views from his older brother. But Larry isn’t some US political luminary. Back in May, running as a member of the [...]
Abolish bank deposit protection to make the banking system safer January 21, 2016 Deposit insurance has been the most sacrosanct component of the regulatory regime for banks since it was widely introduced during the 1970s following the collapse of the Bretton Woods regime. However, while it seeks to protect consumers against the undercapitalisation of banks and their tendency to collapse in times of stress, it has also encouraged [...]
The Uber, London taxi, TfL standoff is far from over as Boris Johnson calls for congestion charge exemption to be lifted January 20, 2016 Thought the fight was over? No sooner has one row over Uber been settled than another arises. The long-running dispute over how the startup is regulated by Transport for London, which has left London's black cab drivers rather sore, was finally ruled upon today. The new regulations were announced and a controversial five-minute wait rule – which even taxi drivers admitted was not viable – has [...]