Hammond hints Britain could lower corporate tax rate

Sunday 15 January 2017 9:58 am “I personally hope we will be able to remain in the mainstream of European economic and social thinking. But if we are forced to be something different, then we will have to become something different,” said Hammond, speaking to Welt am Sonntag when it was put to him that “the government wants to introduce the lowest corporate tax rate among all industrialised countries”.Read more: Bye-bye Single Market? What to expect from Theresa May’s Brexit planWhen asked what would force the UK, he continued:  Lynsey Barber Share “Economic circumstances. If we have no access to the European market, if we are closed off, if Britain were to leave the European Union without an agreement on market access, then we could suffer from economic damage at least in the short-term.”In this case, we could be forced to change our economic model and we will have to change our model to regain competitiveness. And you can be sure we will do whatever we have to do. The British people are not going to lie down and say, too bad, we’ve been wounded. We will change our model, and we will come back, and we will be competitively engaged.” A cut to the UK’s corporate tax rate was first mooted by former chancellor George Osborne after the vote to leave the EU in order for the country to remain competitive, reducing it to 15 per cent, while there have been subsequent reports of the Prime Minister Theresa May mulling slashing it to 10 per cent.However, the subject did not come up in Hammond’s first Autumn Statement at the end of last year and as planned previously, the headline rate of corporate tax will fall to 17 per cent by 2020. Hammond hints Britain could lower corporate tax rate Britain will be forced to change its economic model if it does not have access to the European market after Brexit, chancellor Philip Hammond has said, responding to questioning on the UK becoming a tax haven in an interview with a German newspaper.A change to the UK’s economic model would have to take place for the UK to remain competitive if it had no access to the European market, and did not rule out a change to the corporate tax rate. whatsapp whatsapp read more

Industry groups call on chancellor Philip Hammond to cut businesses some slack in the Spring Budget next month

Industry groups call on chancellor Philip Hammond to cut businesses some slack in the Spring Budget next month by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDr. Marty3 Silent Clues Your Cat Asks For HelpDr. MartyAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement whatsapp Monday 6 February 2017 1:20 am Jasper Jolly and Shruti Tripathi whatsapp “In a more challenging economic environment, the government must be careful not to put further pressure on firms,” said Rain Newton-Smith, chief economist at the CBI.“Top of the list for the high street and our manufacturers is for the government to tackle the UK’s outdated business rates system, as this seriously risks impairing their ability to deliver the jobs and investment in our economy.”Business rates across the UK are due to rise in April for the first time in seven years following a controversial re-evaluation process.Read more: London boroughs prepare for £9.5bn business rates hikeThe CBI calls for the government to change the way rates are calculated by bringing forward a switch from the Retail Price Index to Consumer Price Index as their benchmark. An adjustment from next year would cost the government £1bn, according to CBI calculations, but represent a saving for business.Britain’s largest business group also highlighted its fears that the apprenticeship levy will not function as planned, with concerns the supply of high-quality training will fall short of demand. Newton-Smith added: “In effect the apprenticeship levy works as a tax on payroll. What we want to see is that [the revenue raised] is directed towards training.”Read more: Apprenticeship what? Four in 10 business leaders don’t understand new levyDue to come into force in April, the apprenticeship levy of 0.5 per cent of payroll costs applies to companies with staff costs above £3m. Meanwhile, an analysis by the Federation of Small Businesses (FSB) found that the average small business employer will face £2,600 in additional employment costs from government policy in the 2017/2018 tax year.This includes a hit from the national living wage resulting in a rise in national insurance contributions, and the impact of pension auto-enrolment. Share Businesses large and small are calling on chancellor Philip Hammond to ease the mounting burden on firms in next month’s Budget.Business rates, the apprenticeship levy, the national living wage and pensions auto-enrolment are some of the rising costs highlighted by two influential business groups today.In its submission to the Treasury ahead of the Budget on 8 March, the Confederation of British Industry (CBI) says that government should be prepared to cut business rates as part of a package of measures designed to ensure economic stability.Read more: A third of London firms to spend more on business rates than rent next year Read more: Theresa May’s government is failing to partner with small businessesIn the FSB’s submission to the chancellor, national chairman Mike Cherry said: “Spring Budget 2017 is a critical moment for the government to show it is unashamedly pro-business, and that the chancellor recognises that small businesses are the engines of job creation. Spiralling labour costs are now threatening their growth ambitions and hiring intentions.”Other priorities highlighted in the CBI’s Budget submission include building on the success of the R&D tax credit by introducing a supercharged credit for pre-commercialisation activity. It also calls for government to work in partnership with industry and praises the new industrial strategy as a significant opportunity to build a “long-term, modern economy.” More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org read more

Dipped into your overdraft recently? You might have been better off with a payday loan

Share Hayley Kirton More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPuffer fish snaps a selfie with lucky divernypost.comColin Kaepernick to publish book on abolishing the policethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Dipped into your overdraft recently? You might have been better off with a payday loan Bad news for anybody who has gone into their overdraft recently – you might have been better off with a payday loan.Research published today by consumer group Which? found charges from the big high street lenders could cost as much as 180 per cent of the amount borrowed. Customers needing as little as £100 could find themselves forking out £156 more, or paying a rate which is seven-and-a-half times higher, than a payday loan company is allowed to charge.Read more: Premium Bonds just lost some of their shine”It’s not right that people with a financial shortfall can be charged so much more by the big high street banks than they would by a payday loan company – especially if the money is borrowed over two monthly charging periods,” said Vickie Sheriff, Which? director of campaigns and communications. “If banks can continue to set their own charges, then consumers will continue to be hit by exorbitant fees.”Of the bank accounts studied by Which?, NatWest Select Account was found to charge the highest if somebody were to dip into their overdraft for 30 days across two charging periods – typically a calendar month – with additional fees of around £180 for £100. Halifax Reward Current Account charged the most for 30 days across one charging period, with around £100 for the extra £100 borrowed.”We encourage all of our customers to contact us if they are going to enter unarranged overdraft regardless of the amount or the length of time,” said Natwest in response. “We offer a number of alternative solutions, such as putting an arranged overdraft in place, where the costs are considerably less.” whatsapp whatsapp Wednesday 8 February 2017 10:30 am Read more: Lloyds bankers’ bonuses to overtake RBS’ this yearHalifax added: “Unplanned overdrafts are designed for occasional spend and the vast majority of our customers do not use them. We help by promoting several tools to make it easy for customers to stay on top of their finances and avoid using unplanned overdrafts.”Which? is now calling on the City watchdog to urgently review unarranged overdraft fees.Read more: Lloyds vows to review cases of customers caught up in HBOS fraudSheriff added: “The Financial Conduct Authority (FCA) must use its current review to cap these high charges and ensure consumers cannot be charged more for unarranged overdrafts than arranged overdrafts.”The FCA is currently running a call for input into high-cost short-term credit products, which will include a closer look at overdraft charges, and aims to publish its findings later this year. An FCA spokesperson added the regulator would welcome Which?’s input into this study, which will close for submissions on 15 February.   read more

Greece must pursue urgent reform to tackle “explosive” debt levels

Mark Sands Greece must pursue urgent reform to tackle “explosive” debt levels whatsapp whatsapp GREECE will continue negotiations on how to cut its staggering debts after Eurogroup officials agreed yesterday to a new summit in March.The country needs access to the latest tranche of its €86bn bailout from the International Monetary Fund (IMF) and the EU in order to meet debt repayments. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCustomize Watch Gift”To My Husband” Customize Watch GiftCustomize Watch Gifttrendybuzz14 Efficient Arm Workouts To Build Might & Muscle .trendybuzzWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdArticles SkillFind Out Why Viewers Think You Shouldn’t Trust This News AnchorArticles SkillcarammelloWhat are the top 10 most expensive cat breeds in the world ? – CarammellocarammelloCloud Storage | Sponsored LinkCloud Data Storage Might Be Cheaper Than You ThinkCloud Storage | Sponsored LinkEnanow12 Make-up Mistakes That Are Actually Aging YouEnanowbewadaFailed Celebs Who Lost It All And Work Normal Jobs Nowbewadaanymuscle.com15 Foods You Should Never Eat If You Don’t Want Canceranymuscle.com At the core of yesterday’s announcement to give Greece more time to negotiate is an agreement between the two groups and the Greek government, which has refused to reform pensions.The IMF had warned Greece must undergo an overhaul of state pensions to meet a commitment of a surplus of 3.5 per cent of GDP before debt costs from 2018.Read More: Greek bailout delay could result in re-rerun of 2015, says governorThe IMF has labelled current Greek debt levels as explosive, and said the proposed reforms would only produce a 1.5 per cent surplus and that income and labour market reforms were needed too.But Eurogroup finance ministers insist the plans keep Greece on track for the 3.5 per cent target. Read More: A tale of two Eurozones: Greater Germany and Club Med are slowly divorcingThe head of Eurogroup finance ministers Jeroen Dijsselbloem said: “There will be a change in the policy mix, moving away from austerity and putting more emphasis on deep reforms which is also a key element for the IMF.”Dijsselbloem declined to comment on the scale of savings the new reforms would produce.“I cannot put a number on it because the figures are still moving and some discussions on the figures are still ongoing, so the final figure of the size of this will have to be established during the review,” Dijsselbloem said. Share Monday 20 February 2017 11:23 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com read more

Solvency II one year on: Bank of England is cautiously optimistic

The risk margin calculation increases as interest rates fall. Rule said: “With the fall in sterling interest rates between January and September 2016, the overall risk margin of major UK life firms rose from around £30bn to nearly £44bn.”However, Rule added: “Bank analysis has found that that margin at which insurance liabilities have transferred between firms in the past is not nearly so strongly correlated with interest rates.”Read more: What EU insurers need to be more coordinated aboutThe Bank of England went on to explain why there was such a level of scrutiny over insurer’s Solvency II models. Unlike banking regulations, which following stress tests can dictate lenders set aside increased capital to cover increased risk, financial models are signed-off at by regulators at the start of the process.”Allowing firms to use internal models to calculate their solvency requirements is an example of how Solvency II meets the needs of the UK insurance sector,” said Rule. Regulations to ensure UK insurers hold sufficient capital have been a success despite being too costly and taking too long to put into practice, the Bank of England said today, one year after the rules first came into force.Insurance companies will report their first annual results including disclosures on Solvency II in the coming weeks. Solvency II was too long in the making and expensive to implement for both regulators and industry. But that is the past. Broadly, it is now working well. And David Rule, the Bank of England’s executive director on insurance supervision, took the anniversary as an opportunity to reflect on how the process had played out. He said: Oliver Gill More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Solvency II one year on: Bank of England is cautiously optimistic Read more: These are the financial professionals getting the biggest pay rises in 2017Rule did highlight some areas where he felt Solvency II had “shortcomings”. The most notable was in connection with the life insurance sector, which has long legacy annuity payouts to meet in the future, and firms’ sensitivity to risk margin.The regulations attempt to define risk margin as the amount an insurer would have to pay a third party to take future liabilities off its hands. Tuesday 21 February 2017 10:07 am whatsapp Share whatsapp read more

This is how City analysts reacted to RSA’s bumper results

Combined ratio 94.2% 93.8% whatsapp Zurich abandoned its 550p per share takeover attempt in September. This morning the owner of More Than was trading at over 600p per share. Net written premiums 6,337 6,408 Expectation RSA was pretty chipper this morning about its annual results.Beating consensus expectations, the FTSE 100’s share price was one of the index leaders on what was otherwise subdued early trading – it was up over five per cent minutes after the open. The sentiment was shared by Eamonn Flanagan of Shore Capital. We said that “despite the positive noises… we view the shares as significantly overvalued”. Operating result 626 655 This is how City analysts reacted to RSA’s bumper results Underwriting result 361 380 Investment result 282 298 RSA 2016 results (£m unless stated) Oliver Gill Earnings per share 36.4p 39.5p Dividend per share 15.1p 16.0p Read more: Stephen Hester sees positives from Brexit vote for RSABoth Flanagan and Cornes warned RSA’s shares were trading a over two times the value of the firm’s net tangible assets.SolvencyRSA said its Solvency II ratio – the proportion of capital it has set aside to underwriting, investment and operational risks – had increased year-on-year, from 143 per cent to 158 per cent. Flanagan stressed this was at the top end of its targeted range of between 130 per cent and 160 per cent.However, the sale of its UK legacy liabilities to Enstar – announced a few weeks ago – is likely to improve the ratio considerably by 17 to 20 per cent.  Thursday 23 February 2017 9:34 am Actual But, Barrie Cornes, an analyst at Panmure Gordon exercised caution about this morning’s further jump. He said: Read more: RSA smashes expectations as chief exec Hester says turnaround is completeOn the face of it the market reaction was made sense.But while RSA boss chief executive Stephen Hester warned of future “banana skins” on a conference call this morning, some City analysts have not got quite so carried away. Here are two of their key concerns.[stockChart code=”RSA” date=”2017-02-23 09:25″]Value baked in?If you’d bought shares in RSA a year ago, you’d be a pretty happy bunny right now. Trading around 40 per cent higher than 12 months ago, they are also a considerable premium to the reported value Zurich ascribed to the firm in 2015. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGloriousaWife Completely Shocked After Seeing These Viral Images Of Her HusbandGloriousahttps://anymuscle.com17 Signs You Might Have Diabeteshttps://anymuscle.comCarammello14 smartest dog breeds – CarammelloCarammelloThe Primary MarketPut a Towel Under Hotel Door, Here’s WhyThe Primary Markettibgez10 Signs & Symptoms of Lewy Body DementiatibgezAuto carLook: Top 5 best hybrid SUVs 2021 | AutocarAuto caranymuscle.comThe Best Time of the Year to Get a Flu Shotanymuscle.comHealthWatchThis Incredible Life-Saving Smartwatch Brings Harmony In Your Life!HealthWatchRelationshipsWhat do the words “I love you” mean at every stage of the relationship?Relationships We like what Stephen Hester is doing at RSA… but, in our view, this good news is now all in the share price. whatsapp Share More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com read more

Tesco directors were responsible for ‘bullying’ employees into false accounting collusion

Alys Key Friday 29 September 2017 5:15 pm As part of her closing statement, Wass told the jury that while many other staff may have approved or carried out false accounting before the 2014 scandal, it was the three executives facing charges who bore responsibility.Read more: The SFO lives to fight another day under Amber Rudd’s economic crime plansRevisiting witness statements from earlier in the trial, she said that potentially hundreds of people knew about the practice of recording income not yet received in an earlier financial period, termed “illegitimate pull-forward”.But she said that it was the three defendants who had created the culture in which the false accounting took place.She added that the board of the company “had absolutely no idea” what was going on and that, according to the witness statements of those at the top of Tesco at the time, had been “appalled” by the revelation that profits had been overstated by nearly £250m. whatsapp Read more: Dave Lewis has given evidence in the trial of former Tesco colleaguesOn Monday Wass told the jury that although the former directors had officially known about the overstatement from at least 16 September 2014, they had not acted immediately, with Bush even playing golf in this period.Today she contrasted that with the response of Tesco’s board, who had an “honest sense of corporate responsibility”.”They didn’t sit on it or put it on the back burner or go and play golf like the defendants did. They did everything to get to the bottom of it,” she said.Closing statements are expected to continue all week. The trial continues. Read more: Tesco sued by ex-director sacked after accounting scandal Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeEnanowAvoid These Make-up Mistakes That Are Actually Aging YouEnanowAnswer MindTrying to Lose Weight? Eat These 5 Things!Answer MindWeniixTop 5 best super sports cars 2021 – WENIIXWeniixCustomize Watch Gift”To My Husband” Customize Watch GiftCustomize Watch GiftCleverstWomen In Sports Who Will Take Your Breath AwayCleverstStudent SeaAwkward Family Photos For Brave Eyes OnlyStudent Seaalldelish10 Ways You Never Knew You Could Eat AvocadoalldelishNutrition Explained10 Ways to Obtain 20/20 Vision NaturallyNutrition ExplainedHousediverTake A Look At The Most Beautiful Women In The WorldHousediver Three former Tesco directors have been called “bullies” in court as their trial for fraud and false accounting draws to a close.Former Tesco UK managing director Christopher Bush, former commercial director for food John Scouler, and former finance director Carl Rogberg were today described as the “generals” who gave orders to the “footsoldiers” by Sasha Wass QC representing the Serious Fraud Office (SFO). Tesco directors were responsible for ‘bullying’ employees into false accounting collusion whatsapp read more

Carney: Bank of England ‘well prepared’ for disorderly Brexit

first_imgThe Bank of England is well prepared for a disorderly Brexit and has planned for the worst, the bank’s governor Mark Carney has said.Carney said the BoE had used “stress tests” to make sure the country’s largest banks could meet the needs of households and business no matter what path Brexit takes. Carney: Bank of England ‘well prepared’ for disorderly Brexit Callum Keown whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org He added: “Our job, after all, is not to hope for the best but to plan for the worst.”The governor made no reference to his cabinet briefing, in which he told ministers if the UK crashed out of the EU without a deal a sharp rise in mortgage rates could torped the housing market.The bank held its monetary policy yesterday amid “greater uncertainty” over the Brexit process.Read more: Bank of England leaves policy unchanged amid “greater uncertainty”on BrexitIts Monetary Policy Committee (MPC) had raised its main interest rate – bank rate – on 2 August in only the second increase in the decade since the financial crisis. It comes after he reportedly told cabinet ministers house prices house prices could crash 35 per cent over three years in the event of a no-deal Brexit yesterday.Read more: Mark Carney warns house prices could fall by a third in a no-deal BrexitCarney was speaking at the Central Bank of Ireland in Dublin on the impact of technology on employment but his rhetoric wandered on to the subject of Brexit.He said: “The Bank of England is well prepared for whatever path the economy takes, including a wide range of potential Brexit outcomes.“We have used our stress test to ensure that the largest banks can continue to meet the needs of UK households and businesses even through a disorderly Brexit, however unlikely that may be.” Friday 14 September 2018 1:27 pm Share Minutes from its September meeting said the outlook had become less clear in the six weeks since. whatsapplast_img read more

Shares in online spread betting platform CMC Markets tumble due to increased regulation

first_img Tuesday 25 September 2018 10:05 am   Shares in online spread betting company CMC Markets have tumbled after it said tighter regulation and low market volatility had hit trading activity. However, after just two months it remains too early to draw any real conclusions as to how clients will adapt to the new rules.”The company said its CFD and spread bet revenue for the full year is now expected to see a 20 per cent reduction year-on-year – below the previous guidance of a 10-15 per cent reduction.Read more: Trading platform Aquis Exchange to set up Paris hub to prepare for BrexitLast week rival online trading platform IG reported a 4.7 per cent profits drop in the first quarter, and also blamed lower levels of market volatility and reduced client activity. The company’s share price dropped more than 12 per cent after the trading update warned income for 2019 would be lower than expected.European regulators tightened controls on the retail online trading market earlier this year by restricting contracts for difference (CFD) by limiting the amount clients can borrow to leverage their bets.Read more: Playtech sells entire stake in Plus500CMC Markets said the European Securities and Markets Authority (ESMA) measures had reduced client activity.It said: “The implementation of the ESMA measures has reduced UK and European retail client activity as expected. Share whatsapp whatsapp Shares in online spread betting platform CMC Markets tumble due to increased regulation Tags: Trading Archive Callum Keown last_img read more

Cut taxes for new firms in towns under threat from robot revolution, says report

first_img   Tax breaks should be handed to businesses setting up in ‘left behind’ towns vulnerable to the rise of automation, according to a new report. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoBetterBe20 Stunning Female AthletesBetterBeUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndo More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org The Centre for Social Justice (CSJ) believes entrepreneurs should be handed financial incentives to attract them to ten northern towns at risk of further decline thanks to the impending technological revolution.The think-tank, established by former Conservative leader Iain Duncan Smith in 2004, calls for special “enterprise zones” to be created in Doncaster, Wigan, Blackpool, Mansfield, Barnsley, Bradford, Plymouth, Stoke-on-Trent, Wakefield and Dudley.The CSJ also recommends £1.4billion – the equivalent of £500 per resident across the towns – should be taken from central government and handed to local councils to fund infrastructure and regeneration work.Labour’s Lisa Nandy, the MP for Wigan who co-founded the Centre For Towns, welcomed the report, saying it “is right to recognise the desperate need to kickstart our town economies.”Nandy added: “For too long the entire country has been held back by a city-led model of growth that abandoned millions of people in towns across the country. Tags: Iain Duncan Smith People Tax Owen Bennett “The economic and moral case for action is now overwhelming.”The report finds towns which have already been battered by a loss of industry are least likely to attract the jobs of the future, as major cities with good transport links, cultural attractions and strong local leadership, such as London, Manchester and Birmingham, will be the destinations of choice.Andy Cook, chief executive of the CSJ, said: “Automation will bring huge positives to the UK economy as a whole, including a much-needed boost to productivity, but not everyone will benefit equally.”To allow the residents of these ‘left behind’ towns to seize the opportunities in the future jobs market, they need a policy blueprint that provides better transport links, better teachers in schools, better housing and dynamic local leadership to raise aspirations and create opportunities.”A government spokesperson said: “We want to see all our regions thrive and automation and new technology can create jobs and opportunities. Thursday 27 September 2018 11:09 amcenter_img Cut taxes for new firms in towns under threat from robot revolution, says report whatsapp “There are already more than 1.5 million digital tech jobs in the UK, and the sector is creating jobs at twice the rate of the rest of the economy.“To ensure no region is left behind, we are giving £9 billion to Local Enterprise Partnerships to create opportunities for businesses and communities across the country.” Share whatsapplast_img read more