Autumn Statement: Osborne takes cash from middle class and pensioners
Autumn Statement 2012: George Osborne will create more high-rate taxpayers in a £1 billion hit on middle-class earners while raiding the pension pots of rich older people for another £1 billion. 560...
View ArticleUPDATE 2-Siemens buys Invensys Rail as part of overhaul
* Siemens pays 1.74 bln stg for Invensys Rail * Invensys to return 625 mln stg to investors * Siemens to divest baggage handling, postal sorting ops * Siemens says to spin off 80.5 pct of Osram *...
View ArticleOsborne targets welfare recipients and teachers
MARK HENNESSY, London Editor Welfare benefits are to be squeezed, teachers forced to accept performance-related pay and half a million people will be dragged into the higher tax bracket under tax and...
View ArticleAutumn Statement: The OBR predicts a bleak five years ahead
Autumn Statement 2012: Britain is in store for weaker than expected growth and higher borrowing over the next five years, was the resounding message from the Office for Budget Responsibility. Robert...
View ArticleU.K. Government Bonds Rise as DMO Cuts Treasury-Bill Issuance
U.K. two-year gilts rose for a second day as the Debt Management Office said it will sell 15 billion pounds ($24.2 billion) fewer bills this fiscal year than earlier forecast and cut gilt auctions by...
View ArticleNew Bank of England Governor Mark Carney 'going where the challenges are...
The first foreigner to be appointed Governor of the Bank of England in its 318-year history said last night that he was “going to where the challenges are greatest”. 560 315 TelegraphPlayer_9703785 By...
View ArticleNew Bank of England Governor Mark Carney comes to UK for 'greatest of...
The first foreigner to be appointed Governor of the Bank of England in its 318-year history said last night that he was “going to where the challenges are greatest”. 560 315 TelegraphPlayer_9703785 By...
View ArticleRoyal Mail: Get your licks in early
There's nothing less festive than an electronic card email late on Christmas Eve. Traditionalists take...
View ArticleThe Chancellor George Osborne’s alarming device is just the weapon for...
Quantitative Easing has its flaws and risks, but our crisis would have been far deeper without it. Quantitative Easing is a godsend for the Chancellor George Osborne as he can shift gilts to fund his...
View ArticleChancellor May Need To 'Abandon Debt Target'
A key financial target of the Chancellor's Autumn Statement next week may have to be abandoned, according to a leading think tank. The Institute for Fiscal Studies (IFS) has said that the target that...
View ArticleGeorge Osborne: Long, hard road to recovery
Middle-class workers and wealthy savers were targeted by George Osborne on Wednesday after he admitted that a new round of tax rises was needed to tackle Britain’s grim economic prospects. 560 315...
View ArticleLong, hard road to recovery
Middle-class workers and wealthy savers were targeted by George Osborne on Wednesday after he admitted that a new round of tax rises was needed to tackle Britain’s grim economic prospects. Chancellor...
View ArticleSunday Papers: Google and Amazon face tax attack
Top stories The Sunday Telegraph: The Government is to explore an internationally co-ordinated new tax designed specifically to capture the earnings of internet giants including Amazon and Google. The...
View ArticleAutumn Statement: Business boost to rescue economy
The Chancellor has put business at the heart of a last-ditch drive to rescue the economy before the next general election, with £5.4bn set aside for roads and schools, a surprise cut in corporation...
View ArticleSomething’s wrong with Britain's taxes
Amazon, Starbucks and Google are three of the corporate giants that define our age. In the space of just a few years, their logos have become familiar symbols plastered all over the planet as they...
View ArticleJames Moore: Even going nuclear will not deter powerful banks from...
As we're all aware to our cost many modern bankers are not bankers at all. They are gamblers. What's more they are gamblers who know that if they back the wrong horse their losses will be covered by...
View ArticleLimits on pension investments could hit wealthier savers
Wealthier savers may face new limits on the amount they can invest annually in a pension under plans being considered by the Chancellor to increase taxes on the better off. 6:30AM GMT 20 Nov 2012 The...
View ArticleAutumn Statement: £5bn Investment Boost
Deeper cuts in some Whitehall budgets are to be used to fund an extra £5bn investment in schools and other capital projects. Government departments will be expected to cut day-to-day spending by 1%...
View ArticleLibor Scandal Scuppers Tucker Bid for Bank of England Governor
Paul Tucker’s rise to the governorship of the Bank of England was thwarted after he was embroiled in the Libor scandal that led Barclays Plc’s three most senior executives to stand down following a...
View ArticleOsborne’s BOE Race Nears Finish Line as Countrown Begins
Chancellor of the Exchequer George Osborne may have fewer than 10 days left to make up his mind on who should manage Britain’s economy and supervise its banks for the rest of the decade. A final list...
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