UK completes privatisation of the Royal Mail
The UK government completed the privatisation of the Royal Mail on Tuesday. It raised £591.1 million from selling its final stake in the business...
Labour MPs furious after fiscal charter U-turn
Labour’s new leaders initially said they would support the government’s fiscal charter. All seemed fine until MPs were told in a stormy meeting that...
Worldpay went public on LSE, raised £2.5billion
Worldpay went public on the London Stock Exchange (LSE) this morning, raising around £2.5billion.
The company, which provides payment services for mail order and Internet retailers,...
Inflation turns negative in UK
Inflation, or the CPI (Consumer Prices Index), declined by 0.1% in the 12-month period to September 2015, after posting no change (0.0%) in the...
Boris Johnson on Japan trip to boost trade and investment
Boris Johnson, the Mayor of London, leads a trade mission to Japan to boost trade and investment. Mr. Johnson aims to strengthen ties with...
Barclays to appoint Jes Staley as new chief executive, reports suggest
Barclays is set to appoint Jes Staley as its new chief executive, according to a report by The Financial Times which cited two people...
Facebook paid £4,327 UK tax, vs £5,392.80 per British employee
Social network multinational giant Facebook paid only £4,327 ($6,642) in corporation tax last year, according to its latest Companies House filing in the UK.
While...
Angus Deaton awarded Nobel Prize in Economic Sciences 2015
The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 - i.e....
Corbyn dodged kissing Queen’s hand by going on a Scottish Highland hike
Jeremy Corbyn, Labour’s new leader, said he could not attend a ceremony to join the Privy Council because of a ‘prior commitment’. This commitment...
G20 to crack down on corporate tax avoidance
G20 members gave the green light on Friday to a package of measures aimed at cracking down on corporate **tax avoidance by big multi-nationals.
**Tax avoidance...