Finance

  • Change taxation to build a better society - Owen Jones’s discussion of tax seeks to put forward a “radical” agenda but is actually strikingly conservative, especially because of its focus on higher income tax rates (Tax radicals? McDonnell and Corbyn are not radical...
  • Laura Ashley profits fall as furniture sales slump hits home - Laura Ashley has issued its third profit warning in 12 months, hit by currency movements and a slump in demand for furniture and wallpaper in the UK. The home furnishings and womenswear company, known for its...
  • UK taxpayers face multi-billion burden for dismantling of North Sea rigs - British taxpayers face paying billions of pounds more than previously expected for dismantling the North Sea’s oil rigs in a further sign that the industry is becoming a burden on public finances. Decommissioning oil and...
  • Bank dividends are near all-time highs - President Trump has condemned the Dodd-Frank rules placed on Wall Street as a “disaster” that have prevented banks from lending money to cash-starved businesses. House Republicans responded by passing the Financial Choice Act, a bill...
  • Carlsberg aims for zero carbon emissions at its breweries by 2030 - Carlsberg has unveiled plans to reduce brewery carbon emissions to zero, singling out President Trump’s withdrawal of the US from the Paris climate agreement as a motivating factor . The Danish brewer, whose beers include...
  • U.K. businesses to politicians: Get it together! - More uncertainty is the last thing that British businesses needed. But that’s what they’re getting. Companies and industry groups across Britain reacted with shock on Friday to election results that have thrown the country’s political...
  • Hammond defends NI rise as ‘right and fair’ - Philip Hammond has defended a controversial rise in National Insurance for the self-employed as a “right and fair” move that will help the Government steer Britain through an uncertain future. The Chancellor is facing a...
  • PPI complaints deadline set by City watchdog - The City watchdog is to draw a line under the Payment Protection Insurance (PPI) mis-selling scandal with a deadline for complaints set for August 2019. It will bring to a close a scandal that has...
  • RBS in the red for ninth year in a row as losses more than treble to £6.96bn - Royal Bank of Scotland boss Ross McEwan has insisted the lender is on its way back to health after a “remarkable journey” despite reporting a ninth straight annual loss of £6.96bn. The state-backed lender remained...
  • Britain’s best and worst supermarket revealed - Asda has come in last place in a survey by consumer group Which? that ranks supermarkets. Waitrose took the top spot in the main in-store experience category for the third year running, earning praise for...

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