Mark Carney’s Bank of England stress tests lived up to their name December 16, 2014 The Bank of England certainly knows how to conduct a stress test. It even managed to give the City’s hacks a stress test of their own at the crack of dawn yesterday. The press briefing began at the impolite hour of 5am and was punctuated by a power cut and subsequent change of venue. Having [...]
Putin’s disaster economy now faces a perfect storm December 16, 2014 VLADIMIR Putin is surely receiving his long-awaited comeuppance, as his country struggles to deal with a full-blown currency rout, driven by plunging oil prices. For if the US and Saudi Arabia are indeed in cahoots to drive down the price of oil to smite their Russian enemy, as I have previously posited, one must admit [...]
Mark Carney: Stress test proves banks are “significantly more resilient” December 16, 2014 Mark Carney, the governor of the Bank of England (BoE), has said the results of today’s stress tests prove the new-found resilience at the core of the banking sector. Seven banks and Nationwide building society were tested, with only one, Co-operative Bank, failing. The test scenario was considered especially harsh and included two years of [...]
MySale share price collapses: Sir Philip Green and Mike Ashley lose millions after slump December 15, 2014 MySale shares collapsed by 52 per cent yesterday, costing its backers Sir Philip Green and Mike Ashley millions of pounds, after the flash sales website warned on profits, The company said pre-tax profits for the year to 30 November were expected to be “materially below market expectations”, despite reporting double-digit rise in sales. It blamed [...]
Boris Johnson risks US fine or jail over failure to pay American capital gains tax on London property December 14, 2014 Boris Johnson risks a hefty fine or even a spell in jail if he fails to pay American capital gains tax on a London property he sold in 2009, a leading US tax specialist has told City PM. Johnson, who was born in New York and holds an American passport, revealed last month he was [...]
David Cameron launches 20 per cent discount scheme for new homes December 14, 2014 David Cameron will today launch a starter home scheme for first-time buyers, offering a 20 per cent discount on newly-built properties. The policy, announced by the Prime Minister at the Conservative party conference earlier this year, was set to be a manifesto pledge, but is instead being unveiled six months earlier than planned. Buyers under [...]
From Vibease to Elon Musk’s underwhelming big reveal, here are nine of the worst inventions of 2014 December 13, 2014 If you're looking for Christmas present ideas, you've come to the wrong listicle. This is all about the worst inventions of 2014, and there have been some real crackers. If you end up with one of these under the tree, you know your family hate you. 1. Pizza Hut's mind-reading menu app We're pretty certain [...]
Nigel Farage has made more BBC Question Time appearances than anyone else this decade following clash with Russell Brand December 12, 2014 No one has appeared on Question Time more than Nigel Farage this decade. Following his hotly anticipated clash with Russell Brand on Thursday, Farage has made 12 appearances as a guest on Question Time since 2010. In fact, since the Ukip leader first sat on David Dimbleby’s panel in November 2000, only three [...]
Russell Brand Vs Nigel Farage: Play BBC Question Time bingo as political upstarts go head-to-head December 11, 2014 TV viewers of all persuasions will be treated to a political showdown between revolutionary jabberer Russell Brand and immigration delayed Nigel Farage on Question Time tonight. The must-see event (or must-avoid, depending on how strong your political gag reflex is), kicks of at 10.35pm. Be prepared for a war of words. But what choice words [...]
Boris Johnson praises Chelsea for becoming first Premier League club to adopt living wage December 11, 2014 London mayor Boris Johnson has praised Chelsea for becoming the first Premier League club to sign up to the living wage. The current league leaders have been accredited by the Living Wage Foundation which advises companies pay staff a minimum of £9.15 per hour in London and £7.85 per hour everywhere else. Workers [...]
