Income tax rate 2015: Is an £11,000 personal tax-free allowance on the cards in Osborne’s Budget speech? March 8, 2015 The nation could be in for a treat and find more cash in their pocket from April as part of a pre-election tax pledge by the Conservatives and Lib Dems. George Osborne is planning to raise the tax-free allowance further in what could be the chancellor’s last ever budget, due to be announced in less [...]
General Election 2015: Miliband signs up to three debates, promises to face an empty chair if Cameron won’t attend March 7, 2015 Ed Miliband has promised to attend all three scheduled televised debates, with or without the Prime Minister. During a speech in Edinburgh, the Labour leader made it clear he was willing to debate, against an empty chair if necessary, whilst simultaneously refusing to be drawn on David Cameron’s challenge to rule out a coalition [...]
Russian president Vladimir Putin just took a 10 per cent pay cut March 6, 2015 What better sign that a leader understands the struggles of his people than by taking a big pay cut? Vladimir Putin has announced he will take a 10 per cent pay cut between the beginning of this month and the end of December. The Russian President said the pay cut will apply to other senior [...]
George Osborne regrets mistakes over RBS and looks to sell up quick March 5, 2015 George Osborne has conceded he made an error not reforming the state-owned bank RBS when the coalition took power in 2010. Speaking to the Financial Times Weekend Magazine the chancellor said he hopes to move forward "as quickly as we can to get rid of it". He added that he regretted acquiescing to the view [...]
Euro falls below $1.10 for first time 12 years after ECB reveals date of bond buying programme March 5, 2015 After hovering close to the $1.10 for past 48 hours the euro fell below it for the first time since September 2003. The euro has lost 15 per cent of its value against the dollar over the past six months. However, it's not just a weaker euro contributing to the shift – the dollar has [...]
General election 2015 interactive: Nigel Farage’s Ukip fighting fit on social media March 5, 2015 The election will be fought on the economy, on the NHS and maybe even on the beaches. But it will also be contested on social media, and it is here that Ukip is making a stand. Research from specialist marketing recruiter EMR has revealed what the makeup of the commons would look like if it [...]
Boris Johnson top choice for Tory leader among Londoners if Cameron fails to win General Election March 5, 2015 Boris Johnson is Londoners top pick for the next Tory leader if David Cameron fails to secure victory in May and the country is forced to go to the polls for a second time. The Tory Mayor enjoyed the support of 40 per cent of those who expressed a view. David Cameron had the support [...]
London mayor Boris Johnson backs paid internships in London at national minimum wage, “if not the London Living Wage” March 5, 2015 London mayor Boris Johnson has backed calls to take action on the scourge of unpaid internships blighting the prospects of young people in the capital. It's understood to be the first time the mayor has outlined his position on the issue, saying he supported paid internships and encouraged businesses employing interns to pay at least [...]
ECB will launch €1 trillion bond buying programme on 9 March March 5, 2015 The European Central Bank (ECB) said it will launch its €1 trillion quantitative easing programme on 9 March, in a bid to ward off a deflation death spiral and kick start economic growth throughout the ailing region. "We will on 9 March 2015 start purchasing euro-dominated public sector securities in the secondary market," ECB governor [...]
New Look adds to regeneration of east end of Oxford Street March 4, 2015 FASHION retailer New Look is to open a flagship store at the east end of Oxford Street, helping to drive further change at the notoriously dowdy end of London’s largest shopping street. Property firm Great Portland Estates said yesterday that it has pre-let a third of its huge 90,500 square feet development at 73-89 Oxford [...]