British businesses fear doube-dip is looming

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof British businesses fear doube-dip is looming by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan British businesses believe the country could be headed for a double-dip recession, according to a survey from accountants and business advisors BDO LLP.BDO’s optimism index – which reflects how businesses expect trading to develop two quarters ahead – tumbled to 93.1 in August from 95.5 in July, reaching levels not seen since the deepest parts of the recession between November 2008 and July 2009.BDO Partner Peter Hemington said: “If Quarter 4 does indeed turn out to be the start of a double dip, it certainly won’t be a merry Christmas for UK businesses.“What’s so disappointing is that businesses seem to be convincing themselves that things are going to get really tough in 2011 and are deferring new hires and investment decisions as a result. Much of this comes from the hype around the government’s spending cuts.”BDO’s index is compiled from the UK’s main business surveys, which covers more than 11,000 respondents from companies employing about five million people. John Dunne Sharecenter_img Tags: NULL Monday 13 September 2010 2:28 am whatsapp Show Comments ▼ whatsapplast_img read more

Turner warns over costs of FSA shake-up

first_img Show Comments ▼ FINANCIAL Services Authority (FSA) chairman Lord Adair Turner last night warned there would be transitional problems when the watchdog is disbanded and replaced.“All operational demergers entail some costs as well as benefits, and some risk to current operations,” he said at his Mansion House Speech.Turner assured his audience that within two years the City will have a structure that works well. Chancellor George Osborne ordered a change in the City’s regulatory regime in June, which will see banks overseen by a new Prudential Regulatory Authority (PRA) under the auspices of the Bank of England. There will also be a Consumer Protection and Markets Authority (CPMA) that will take on many of the former functions of the FSA, which will be scrapped. Turner said the FSA starts with integrated systems, support functions and supervisory teams and with some staff doing both prudential and conduct supervision. He said the new structure would create problems between the PRA and the CPMA in several areas where the distinction between the two is not clear cut. But he added there was a “clear programme” in place to manage the process, with ongoing costs expected to be no higher than for the integrated FSA.Turner said the creation of a new Financial Policy Committee (FPC) would be crucial in spotting credit bubbles, and tougher capital requirements are needed. He said he wanted even tougher capital requirements for banks than those set by the new Basel III committee rules, which call for capital of at least seven per cent of their assets. He added there was a need to move beyond the “demonisation of overpaid traders” to recognise that bad policies, not just bankers, were to blame for the financial crisis. whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content Turner warns over costs of FSA shake-up Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndocenter_img whatsapp Tuesday 21 September 2010 8:29 pm Share Tags: NULLlast_img read more

Eurozone orders slump 2.4pc in July

first_img Eurozone orders slump 2.4pc in July Wednesday 22 September 2010 7:51 pm Share NEW industrial orders in the Eurozone fell by the most for 19 months in July, led by a slump in orders for capital goods, official data showed yesterday. The figures added further to evidence the economic recovery is slowing as member states look to reduce the size of budget deficits in the wake of the sovereign debt crisis.Factory orders dropped 2.4 per cent from June – the sharpest decline since December 2008 – but were 11.2 per cent higher than a year earlier, the European Union’s Eurostat statistics agency said Eurostat said after stripping out demand for heavy transport equipment like ships, railway and aerospace equipment, which can be volatile and have a limited impact on production, industrial orders fell 0.6 per cent in July.There was also a 5.1 per cent slump in orders for capital goods – such as machinery and equipment used in production processes – in July following a 3.8 per cent rise in June.Orders for consumer goods, such as household electrical appliances and business equipment, also dropped 3.2 per cent in July after falling 1.3 per cent in June. Orders were 1 per cent lower than a year earlier. whatsapp Show Comments ▼ KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

Aegon makes more cuts to UK business

first_img KCS-content whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULL DUTCH insurer Aegon will close two more operations in the UK and cut jobs to improve profitability in its fourth-largest market.Aegon, which warned in June it planned to cut 25 per cent of its British costs in the coming year, said it will close its third-party pension administration and employee benefits software businesses.The divisions currently employ 89 people in London and Cheshire, but the firm said it would not decide on job cuts until it had consulted with trade unions. A spokesperson for the company could not say how much the closures would save the company, but said that before today’s announcement the firm had made £22m savings out of a £80m target before the end of 2011. Aegon earlier this month announced a reorganisation of its British sales division, which will cost 106 jobs. The firm said in yesterday’s statement that more senior roles face the chop in its surviving UK business, which includes life insurance and protection operations and Guardian Financial Services.Aegon is one of the top life insurers in the United States, where it owns Transamerica. Aegon makes more cuts to UK business Tuesday 28 September 2010 10:31 pm Share last_img read more

SUPERFAST BROADBAND HITS THE BEACH

first_img KCS-content SUPERFAST BROADBAND HITS THE BEACH by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times BT chief executive Ian Livingston (right) yesterday launched a major fibre broadband network in Cornwall as part of the firm’s goal of providing superfast internet to 66 per cent of the UK by 2015. BT worked with the local authority and Brussels to fund the roll out to some of the more remote parts of the county. whatsapp Show Comments ▼ whatsappcenter_img Thursday 30 September 2010 10:18 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Tags: NULLlast_img read more

Lloyds scores coup with appointment of Horta-Osorio

first_img Tags: NULL Wednesday 3 November 2010 10:07 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp Show Comments ▼ Lloyds scores coup with appointment of Horta-Osorio Sharecenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content whatsapp LLOYDS Banking Group investors yesterday breathed a sigh of relief after the bank managed to lure Santander’s highly-respected UK chief António Horta-Osório to replace departing chief executive Eric Daniels.The appointment, which came as a bolt out of the blue, was immediately viewed as a coup by those who doubted Lloyds’ ability to attract a high-calibre new chief, given the dominant influence of the government on its strategy and remuneration culture.Horta-Osório will take a substantial pay cut to join Lloyds, though at face value his new remuneration package of up to £8.3m looks generous indeed. He will receive the same annual salary and maximum bonus as Daniels, worth £1.035m and £2.3m respectively, a £610,000 pension allowance and a maximum long term performance-based incentive plan worth £4.35m at today’s share price, which will only vest in full if “stretching targets are exceeded by a significant margin”.Horta-Osório said the “emotional decision” to leave Santander was sealed by the irresistible challenge of leading Lloyds to the next stage of its development. “I strongly believe that it is impossible to have a strong economy without a strong banking sector, and vice versa,” Horta-Osório said. Daniels will step down in March but will stay on in an advisory role until September. He will have accrued a pension pot of well over £4m by the time he leaves. last_img read more

Siemens beats forecasts

first_img whatsapp Share John Dunne Tuesday 25 January 2011 3:11 am Siemens beats forecasts whatsappcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Siemens, Europe’s biggest engineering conglomerate, beat forecasts for its first-quarter profit helped by robust demand in fast-growing emerging economies.Net profit from continuing operations – which exclude units planned to be spun off – rose 17 per cent to 1.79bn euros (£1.5bn) in the quarter, beating the average forecast of 1.47bn euros in a Reuters poll.Like most peers in Germany’s capital goods industry, Siemens relies heavily on exports of manufactured goods to China, Brazil, India and Russia to power growth, profiting from aggressive infrastructure investment in those countries.Siemens and steelmaker ThyssenKrupp have also benefited from emerging economies’ appetite for German luxury cars, high-end engineering machinery and industrial equipment.Latest data showed German manufacturing orders grew at their fastest rate in 10 months in November, rising far more than economists expected mainly due to strong demand from outside the euro zone for durable goods.“Orders and revenue grew in all regions, particularly in emerging markets,” Chief Executive Peter Loescher said on Tuesday, referring to the company’s first quarter to end-December.Siemens said emerging markets grew significantly faster than orders overall, at 31 percent, and accounted for around a third of total orders for the quarter.It said quarterly order intake – an indicator of future sales – rose 160 per cent from India and 49 per cent from China.Overall new orders rose, partly thanks to supply gas turbines for GS Electric power plant in South Korea, a rolling mill for China’s steelmaker Xiangtan Iron, a wellhead compression solution for Russia’s Technogarant, and transmission technology for power grids in Brazil and Paraguay.China, where Siemens generated nearly 8 percent of group revenues last year, in 2009 vaulted past the United States into pole position as buyer of German engineering products.Siemens, whose products range from steam turbines and fast trains to hearing aids and light bulbs, made around 30 percent of sales in emerging markets last year and has been increasingly making lower-priced products to suit demand.Its bread and butter Industry Sector, which makes equipment that large companies use to run factories and automation gear to help industrial plants run smoothly, posted an increase of 22 per cent in quarterly profit.Siemens reiterated its forecast of a 25 per cent to 35 per cent growth in profit from continuing operations for fiscal year to September 30, 2011, “clear growth” in order intake and “moderate” organic revenue growth. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULLlast_img read more

Greene King buys Cloverleaf

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp John Dunne Greene King has bought carvery and pub chain Cloverleaf Restaurants for £56m.Cloverleaf has 12 sites in the Midlands and the north of England with plans for 10 more.Meanwhile Suffolk-based Greene King said sales from outlets open more than a year in its largest unit, Retail, rose 3.9 per cent in the 38 weeks to 23 January. Like-for-like food sales jumped 8.2 per cent, lifted by sales at its pub restaurant brand Hungry Horse.Greene King, whose other chains include Old English Inns and Loch Fyne Restaurants, has focussed on value and higher margin food sales since 2008 helping it outperform competitors who have struggled in torrid trading conditions.As a result, full-year margins at its retail business will to be slightly ahead of last year, the company said, but echoed its peers in noting caution on the outlook.“The short-term outlook for the consumer is unclear, but we are confident we will… meet our expectations for the financial year” it added. Greene King said volumes were down 3.3 per cent in own-brewed ale volumes.” whatsappcenter_img Greene King buys Cloverleaf Share Tags: NULL Monday 31 January 2011 3:39 am More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

888: Ladbrokes deal is on track

first_img whatsapp Tags: NULL Share 888: Ladbrokes deal is on track by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Online gaming firm 888 said yesterday that it remains hopeful of being taken over by rival Ladbrokes after reporting better-than-expected fourth-quarter revenue.The group said operating profit increased 18 per cent on the previous quarter to $71m (£44m). The performance was boosted by a turnaround in the performance of the group’s poker business following a relaunch in the middle of last year. 888 was hit hard by a sharp decrease in demand for online poker, seeing its share value fall a staggering 58 per cent over 12 months.Chief executive Gigi Levy said: “Our marketing activities have driven record numbers of players to our sites, and growth was achieved across our business lines. We are very pleased with the results delivered during the last quarter of 2010, especially the record 18 per cent quarterly sequential growth.”He added that negotiations with Ladbrokes are continuing and there are no major obstacles in the way of a deal, contradicting claims the two sides could not agree on a price. center_img Show Comments ▼ Monday 7 February 2011 8:50 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content last_img read more

UK bankers flee to Switzerland to avoid taxes

first_img UK bankers flee to Switzerland to avoid taxes whatsapp Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com BRITISH bankers migrating to Switzerland surged by almost a third last year, as its low personal and business taxes lured workers to the alpine territory. A total of 383 British citizens working in banking and financial services moved to Switzerland in 2010 – marking a 28 per cent increase on 2009, according to official figures from the Swiss Federal Migration Office. Including insurance and consulting industries in the financial sector, 1,379 Britons gained permission to work in Switzerland in 2010 – a 29 per cent increase over the 2009 figure. The increase in the rate of immigration of British bankers exceeds that of other nationalities, according to the Federal Migration Office, suggesting that the 50p top rate of tax on earnings above £150,000, and bonus restrictions are driving workers out of the UK. Matthaeus Den Otter, of the Swiss Funds Association, said: “These figures sound very plausible. There has been a steady influx of skilled workers. We estimate that some 20 to 25 firms of UK hedge funds have set up offices in Switzerland over the past year, and the banks will have sent over some specialised staff as well.” center_img KCS-content whatsapp Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Thursday 17 February 2011 8:52 pmlast_img read more