Chancellor Philip Hammond’s Autumn Statement on Wednesday — his first and last as he introduced a new system of Autumn budgets and Spring statements — set out how the government intends to rebalance its books as the deficit widens. There were few...
Read moreAutumn Statement: No ‘Jam tomorrow’ for landlords and agents
Confession: I had expected to “just about manage” to stay awake during Philip Hammond’s first Autumn Statement as chancellor. It was signalled well in advance that the Jams — shorthand for working families who are just about managing to make ends...
Read moreWhat businesses want from the Autumn Statement
The FT talks to six business leaders about their priorities and how they might fit with today’s Autumn Statement by Philip Hammond, the chancellor. Software company hopes for upgrade to employee tax breaks At a time of upheaval in the world...
Read moreTax break hint for funds investing in UK biotech
George Freeman, the Conservative politician who chairs Prime Minister Theresa May’s policy board, has called for new financial incentives to encourage fund managers to invest in biotechnology companies that use scientific research developed in...
Read moreCommittee probing BHS failure casts eyes over Green’s yachts
The chair of a committee probing the collapse of BHS has asked the regulator whether it can seize Sir Philip Green’s assets, which include his multimillion pound yachts, to plug a pensions shortfall. In a letter to Lesley Titcomb, chief executive...
Read moreAutumn Statement 2016 predictions: what to expect from Philip Hammond
Philip Hammond will present his first Autumn Statement to the House of Commons on Wednesday, setting out the Conservative government’s plans for taxes, spending and borrowing as Britain prepares for Brexit. It may also be the last Autumn...
Read moreMarkets Live: Tuesday, 22nd November, 2016
11:01 am 11:02 am You almost got a picture of Farage as the pic for today But I managed to avoid it Political newsflow continues to be nuts 11:02 am But it’s actually moved beyond parody. So we just have to try and ignore it all, I guess...
Read moreReaders respond to Martin Lewis on student loans ‘lie’
Last year, George Osborne changed the small print on student loan repayments for millions of UK students who graduated after 2012. Freezing the loan repayment threshold at £21,000 for five years instead of letting it rise with inflation as first...
Read moreGovernment urged not to delay auto-enrol pension savings rise
Britain’s biggest union has joined forces with pension professionals and charities to urge the government not to delay a decision on increasing contributions for millions of workplace savers. Currently, employers and workers who have been...
Read morePassive fund managers poised to profit from the FCA’s proposals
The shake-up of the fund management industry proposed by the UK financial regulator has been classed as a deliberate attempt by the Financial Conduct Authority to push investors — both large and small — towards cheaper passive funds. The FCA...
Read moreMichael Sherwood, the man who grew Goldman in Europe
Michael Sherwood, a 31-year veteran of Goldman Sachs and departing co-head of its international bank, describes himself as “the most senior non-American in the firm, maybe even on Wall Street”. His biggest boast about his contribution to the US...
Read moreBT has second-worst funded pension scheme in the world
BT has the second-worst funded pension scheme in the world, according to a report that, for the first time, analysed the health of more than 5,000 company pension funds across the globe. The UK telecoms group was found to have the world’s most...
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