“Most countries want to trade with the UK and there are a number of countries including Canada, Australia, a number of the big emerging markets, who I’m quite confident will want to have deeper trading relationships with the UK, because of what...
Read moreMiddle managers face 55% tax penalty on pensions
Middle earners are being caught in a government clampdown on tax relief as the Treasury’s take from savers breaching the lifetime allowance on pensions surged by 62 per cent. Tax revenues of £126m were collected from individuals whose pension...
Read morePub-goers undaunted by Brexit but wine prices to rise
Pub-goers have shrugged off the uncertainty caused by the vote to leave the European Union, but should be braced for the price of a glass of wine to rise, according to one of the industry veterans behind the City Pub Company. Clive Watson...
Read moreWatchstone losses narrow after Quindell scandal
The company behind the Quindell scandal has hailed rising revenues and narrowing losses as its new boss forges a turnaround of the beleaguered business. Watchstone, which is the insurance outsourcer that is the rump of Quindell’s once sprawling...
Read moreRBS shares fall on shockwaves from potential $14bn Deutsche fine
Chief executive Ross McEwan has previously said the settlement is one of several factors delaying the payout of dividends from RBS, and the bigger that bill is, the smaller the dividends will be if they do finally emerge. “Do I think we’ll see a...
Read moreBank of England’s surplus shows the real price of pensions
Thursday was Pension Awareness Day, perhaps to make up for the other 364 days of the year when we are blissfully unaware. Still, it’s over now, so we can continue to pretend that saving pennies from our wages will somehow transmute into world...
Read moreFTSE 100 falters as $14bn Deutsche Bank fine rattles banking sector
Let’s catch up on what happened in Asian markets overnight. Reuters has the latest: Asian stocks firmed on Friday after weak U.S. data reduced already low expectations of an interest rate increase by the Federal Reserve next week, sending...
Read moreFat Face earnings slide on wet weather and pound's plunge
The falling value of the pound and rainy weather have hit profits at British fashion brand Fat Face, amid the clothing retailer’s push across the Atlantic. Fat Face, which was acquired by private equity firm Bridgepoint in 2007, reported a...
Read moreRetail sales remain strong as Britain's shoppers stay upbeat
“Regarding the EU referendum in late June, our data on retail sales since the vote show little evidence of a departure from recent trends,” said the Office for National Statistics. Shoppers spent £2.9bn on food each week, a rise of 3.7pc on the...
Read moreSouth African billionaire looks to list New Look owner in London
The South African giant behind the New Look clothing chain and Virgin Active gyms has signalled it has its eye on more British companies after it revealed it is planning a stock market listing in London and wants to build-up its war-chest. Brait...
Read more'New era of UK nuclear power' as Hinkley Point finally gets go-ahead
The Government said it estimated the subsidy cost for a typical household would be £12 a year by 2030, in 2012 money. The National Audit Office has said the lifetime subsidies could total £30bn. Manufacturers’ organisation EEF said it “remains to...
Read moreA new phase of economic advancement lies ahead as we finally put the global financial crisis behind us
It’s been a long old haul, but nearly 10 years after the start of the biggest economic calamity in post war history, it may finally be safe to say that the financial crisis and most of its unwanted after effects are basically behind us. To some...
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