Tag Archives: Economy
“How most British defined-benefit pension schemes have been calculating pensions wrongly for the last 20 years”
Roger May, a pensions solicitor with over 20 years’ experience, at City solicitors Royds LLP, has published a 24 page White Paper called “The Emperor’s New Pension” which explains in detail how most British defined-pension schemes have been calculating pensions wrongly for the last 20 years.
Impact of the Budget 2012 for business – by John North, Corporate Department
The key points emerging from the Chancellor’s statement today are as follows: Continue reading
Autumn Statement: Tough times ahead but financial support for small and medium businesses and the construction and transport sectors – By John North, Corporate Department
The Chancellor made his much-leaked Autumn Statement at 12.30pm today and whilst there were a number of measures to try to help businesses and families who are still struggling Continue reading
Fiddling while Rome Burns – by Richard Woodman, Employment
Poor old Vince Cable – on the radio again this morning trying (and failing) to sound enthusiastic defending the latest Government attempt to take a scythe to Employment Law. Continue reading
Economic update on the City of London – by John North, Corporate Department
The Economic Research Office of The City of London Corporation has just released the latest report by Oxford Ecomomics. The report is available here but here are the highlights from our perspective: Continue reading
Senior Women in the City: The Impact of Regulatory Reform on the UK Financial Markets – by Nicki Gilmour, Founder and CEO of The Glass Hammer and Caroline Doran, Partner, Employment Law, Royds Solicitors
Last Wednesday, Theglasshammer.com held its first annual event in London for senior women in the capital markets. Continue reading
‘Family wealth under continued pressure’ by Deanna Hurst
An article entitled “Families just £1 richer than in 2004” in today’s City AM newspaper caught my eye. It was reporting on a Westminster Think Tank presentation today that shows the average household’s weekly income measured £682 in 2004-2005 and just £683 in 2009-10 in numbers adjusted for inflation. Sir Mervyn King, Governor of the Bank of England, suggested in the article that we are presently experiencing the biggest income squeeze on families since the 1920s. Continue reading
‘Budget’ by Christopher Hall
The Budget was held on 23 March 2011. I have the following key points:-
- There was an emphasis on encouraging enterprise investment in the UK by increasing the lifetime Entrepreneurs’ Relief for capital gains tax to £10,000,000 so that any gains up to the amount of £10,000,000 are charged at 10% instead of the standard rate of 18% (or the higher rate of 28% for higher rate taxpayers). Continue reading
‘Forecast changeable for retail property portfolios’ by Mark Newbold
Retail Week reports on whether the decision by HMV to downsize its property portfolio by 60 stores signals a more widespread move by retailers to reduce their commitments to bricks and mortar. Continue reading