Mayor Boris confirms he will stand for second term

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp whatsapp Friday 10 September 2010 5:53 am Mayor Boris confirms he will stand for second term center_img John Dunne Share London Mayor Boris Johnson has confirmed he would be seeking re-election for a second term.Johnson said he wanted to stay on beyond the election date of May 2012 because he had “more to do” improving the capital and overseeing the Olympics.He told LBC radio’s Nick Ferrari show.“It is my intention and indeed I have written to seek the nomination to serve as Mayor for another term,” he told LBC radio’s Nick Ferrari show.“I have got tough challenges on crime, improving the urban environment. I do think it is a good record so far and I am proud to defend it.” Show Comments ▼ Tags: NULLlast_img read more

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Why QE2 would be wrong for Britain

first_img THERE is a growing expectation that the Bank of England will eventually announce a renewed bout of quantitative easing (QE). Yet such a decision, supported by Adam Posen of the monetary policy committee, would be a mistake: the economy, while sluggish, is growing; the money supply is expanding; credit conditions are improving; and inflation remains high. We are deleveraging, at least in part, and trying to work through the poor investments of the boom years; this will mean many quarters of poor growth, declining house prices and weak credit. Such is life; the last thing we need is a fresh infusion of newly-minted money to kick-start another artificial and unsustainable boom. The purpose of monetary policy should not be to micro-manage or fine-tune the economy. A central bank cannot aspire to become a central planner. Its mission should instead be to provide a neutral environment for businesses, making sure that the supply of money doesn’t suddenly surge ahead or collapse. QE was necessary last year; conditions at the time were extraordinarily bad. The decision to buy vast amounts of gilts ensured no collapse in the money supply and returned bond spreads to normal. The UK is in better shape today; there is no need for QE2.Posen is wrong to argue that the UK faces years of Japanese-style stagnation and deflation. We do face a prolonged period of weak growth, for both demand-side and supply-side reasons, but for different reasons to Japan. In fact, as Michael Saunders of Citigroup aptly puts it, Posen’s claim that the UK is like Japan is a bad case of “faith-based” forecasting, given that we will not be able to prove or disprove the analogy for years. Sterling is well below its 10-year average, boosting exports, whereas the yen surged in the 1990s. Goldman Sachs also highlights the loosening in monetary conditions in the UK: a combination of a weak pound, lower bond yields and higher equity prices makes the firm bullish for 2011. A second difference is that the UK banking system is on the mend: we don’t have zombie banks, unlike Japan; in the absence of a Eurozone sovereign default, UK banks will eventually sort out their balance sheets. A third difference is that nominal GDP growth is running at 5-6 per cent in the UK, much faster than Japan’s performance over the last 20 years. Unfortunately, most of this nominal growth comes from inflation – and only a small part from real increases in output. Our problem is stagflation, not deflation. Most important of all, the money supply jumped 0.8 per cent in August and by 4.5 per cent at an annualised rate over the last three months (the year on year rate rose from 1.2 per cent to 1.6 per cent). Henderson’s Simon Ward calculates that the corporate liquidity ratio – deposits divided by borrowing – is at its highest level since early 2007. Firms are flush with cash, cutting debt and boosting investment.Crucially, the velocity of money – the rate at which it changes hands, just as important as its rate of growth – jumped 4.3 per cent over the past year. When real interest rates were last negative in the 1970s, velocity also surged; it looks as if money supply growth of 1-2 per cent per year should be enough to finance real economic growth of about 2.5 per cent, with 2 per cent inflation. There may of course be a case for QE2 at some point further down the line. But at the moment the Bank must stay [email protected] Show Comments ▼ 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 PastSerendipity 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULL KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com center_img Why QE2 would be wrong for Britain Share whatsapp whatsapp Wednesday 29 September 2010 11:42 pmlast_img read more

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Lone Star eyes IKB bank sale

first_imgWednesday 13 October 2010 7:47 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content Lone Star eyes IKB bank sale 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 PastSerendipity 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsappcenter_img Show Comments ▼ Lone Star is getting ready to sell German bank IKB and could strike a deal in the first quarter of 2011, providing an opportunity for lenders to gain a foothold in Europe’s largest economy.Lone Star’s European head Bruno Scherrer told a German newspaper the US-based private equity house is getting ready to shop around the German lender. whatsapp Tags: NULL Sharelast_img read more

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John Laing to float infrastructure fund

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe 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 Infrastructure group John Laing has announced its intention to list an infrastructure fund in London raising up to £270m.Laing, owned by asset manager Henderson Group, will sell up to £256m of yielding infrastructure assets to the newly formed John Laing Infrastructure Fund, in a move that was flagged up earlier this month.This forms part of the group’s strategy to sell interests in mature infrastructure projects, the company said.John Laing will subscribe for at least 20 per cent of the shares issued in the listing up to a maximum of 24.9 per cent, the company said in a statement.JLIF will use the proceeds to acquire a seed portfolio of 19 investments from the John Laing Group and is targeting an initial annualised yield of six per cent per annum.The IPO is expected to be launched in the next few weeks with J P Morgan Cazenove appointed as global co-ordinator and is joint bookrunner with Barclays Capital and RBS Hoare Govett. 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 whatsapp John Laing to float infrastructure fund Thursday 14 October 2010 3:42 am Show Comments ▼center_img Tags: NULL John Dunne Share whatsapplast_img read more

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Warren Buffett ups stake in reinsurer Munich Re

first_img Show Comments ▼ Warren Buffett ups stake in reinsurer Munich Re US INVESTOR Warren Buffett has raised his stake in reinsurer Munich Re to above 10 per cent and plans to further expand the holding, the firm said yesterday.The world’s biggest reinsurer said in a statement that Buffett’s Berkshire Hathaway had repeated its assurances in a letter that the investment was financial, rather than strategic.Berkshire also did not aim to influence Munich Re’s management, its direction or the company’s supervisory bodies, Munich Re said.“It is not intended to significantly change the capital structure of [Munich Re] …in particular not with regard to the equity/debt ratio or the dividend policy,” Munich Re said in a summary of Buffett’s letter.Berkshire intends to acquire further voting rights within the next 12 months, Munich Re added.Reinsurer Berkshire has been steadily raising his holding in its Munich-based rival since crossing the three per cent threshold in January.Munich Re said it “rejoices at every investor”. Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 KCS-content Tags: NULL Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More 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 PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity 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.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndocenter_img Tuesday 19 October 2010 7:47 pm Share whatsapp whatsapplast_img read more

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CITY INSURANCE BROKERS TAKE TO THE RING AT EAST END FIGHT NIGHT

first_img Share Tags: NULL 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 Thursday 21 October 2010 8:44 pm whatsapp PERHAPS it’s a sign of the times, but white collar boxing – City boys (and sometimes girls) swapping their suits for silk shorts and beating the living daylights out of each other – is becoming ever more popular among financial sector workers.With that in mind, it’s perhaps not so surprising that a sweating, heaving crowd turned up last night at the Troxy in the East End to watch a load of City boxers go head to head. All were from the insurance industry (a hotbed for testosterone-fuelled aggression if ever there was one), including William Dudley from Hiscox, Liam Tarf from Miller Insurance Services, Kevin Carlier from Aon and Stewart Cruickshank from Aon Benfield.Mind you, the muscled fighters weren’t the only draw at “The Swing!” event – said sweaty punters were also treated to a special performance by Mitch Winehouse, father of Amy, who’s just released his own album “Rush of Love”.DOCTOR’S ORDERSWhen it comes to the décor of company headquarters, most firms plump for the safe option – a classical painting here, a bronze sculpture there, perhaps a Damien Hirst for the really daring.Not so John Wriglesworth, managing director of the eponymous public relations consultancy, who managed to procure himself an original “Dalek” from the BBC’s Dr Who archives for the reception of his offices just off Fleet Street.Not only that, but a little bird tells me he’s now trying to persuade his staff round to the idea of altering the model’s voicebox so that, instead of the usual Dalek cry of “Exterminate, exterminate,” it will cry: “Communicate, communicate”…It’s certainly a novel way of bringing a smile to the faces of clients on an otherwise bleak Monday morning.SACRE BLEURugby aficionados were yesterday horrified by the news that the Rugby Football Union has enlisted a new company to provide all of the clothing for the England team in the form of Eden Park – a French clothing firm, sacré bleu! Perhaps the RFU should have taken its cue from the England football team and returned in its hour of need to Marks & Spencer, where chief executive Marc Bolland would doubtless have pulled out all the stops to lend a hand.SEA FARERIt’s off to the high seas again for Helical Bar chief executive Mike Slade, fresh from helping to organise the largest ever coordinated property industry charity day last week to raise money for “Land Aid” – including charity gigs, cake baking sales and abseiling off 40-ft buildings.Slade’s just as well-known for his escapades on his ICAP Leopard racing yacht, which is competing in the Rolex Middle Sea Race from Malta this weekend.As well as being a strong helmsman, Slade is certainly sympathetic to the City’s attitude to the sport of sailing, commenting yesterday that his love of this particular race stems from the “exceptional hospitality” at the Royal Malta Yacht Club”. Bottoms up.WAR MONGERINGBrave words from John Taylor, the chief investment officer of foreign exchange risk manager FX Concepts, who sent out a missive to clients yesterday detailing how the current economic situation in the US is eerily similar to the climate in Europe immediately before the breakout of World War II.According to Taylor, the US equity market’s rise over this September – an impressive 8.8 per cent – is its best performance for the ninth month of the year since the September of 1939.“To me, the parallels are ominous,” he continued. “What were those people thinking back in 1939? Could a coming world war have that positive an impact on the economy and on markets? They must have been crazy… but what are we thinking of now? A war has just begun…”He’s talking of a currency war triggered by the US beginning QE2, of course – an event which the Fed has been talking about for months.“Bernanke, like Hitler seven decades ago, had been warning everyone who would listen,” Taylor continued, seemingly oblivious to the implicit faux-pas of comparing anyone to a genocidal dictator, even if the parallel does involve something as benign foreign exchange.GEEK SQUADA dire warning for the banking sector, courtesy of IT recruitment firm Greythorn. The government’s new focus on the prevention of cyber terrorism will have unintended consequences for the banks, according to Greythorn – apparently, there are only 2,000 people in the country qualified to perform top-level IT security and cyber forensics roles, meaning that a war for talent is likely to ensue over said computer geeks in the near future between current employers and the blue-chip security services. Prepare to shell out the pennies, folks. whatsapp CITY INSURANCE BROKERS TAKE TO THE RING AT EAST END FIGHT NIGHT Show Comments ▼ KCS-content last_img read more

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Delia fattens Waitrose with cake

first_img Waitrose grocery sales rose four per cent in the 12 weeks to October 31 – lifted by swift sales of Delia Smith’s ready-to-make Christmas cake kit. The UK cook has in the past caused a run on ingredients like eggs, stout and goose fat, after championing them in her recipes. Earlier this year Waitrose ran out of rhubarb after it featured in Smith’s rhubarb crumble recipe. The cake is the latest favourite, especially as it costs £10 while all the ingredients would cost £26 if bought separately. Show Comments ▼ Monday 22 November 2010 5:51 am whatsapp Delia fattens Waitrose with cake 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsappcenter_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Share KCS-content Tags: NULLlast_img read more

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Bank of Ireland faces nationalisation as Republic puts its banks up for sale

first_img Bank of Ireland faces nationalisation as Republic puts its banks up for sale Share whatsapp Tags: NULL 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content center_img whatsapp BANK of Ireland and Allied Irish Banks will effectively be nationalised as part of the €85bn (£77bn) EU/IMF rescue package.The bailout, the details of which the Finance Ministry said were still being finalised last night, are expected to see the level of core tier one capital – a key indicator of financial strength – in the Irish banks ramped up to 12 per cent from eight per cent in a bid to bolster confidence in the financial system, and provide a bigger buffer against potential future losses. The government is expected to inject the additional funds by buying new shares in them, meaning no significant lender in the Republic will be free of state control, with Bank of Ireland, currently 36 per cent owned by the government, now set to be majority owned. The details came as central bank governor Patrick Honohan said Ireland’s nationalised banking system was for sale. “I have been an advocate for a number of years for small countries to have foreign owners for their banks,” he added.But if the government wants to make a quick sale it will have to take a heavy loss on its assets. Allied Irish Bank shares were down 11 per cent in just one day’s trading yesterday, during which Bank of Ireland slumped by 21 per cent.But any fire sale of the banks will probably require the government to break them up and sell off pieces, according to analysts.Capital Economics’ Ben May said yesterday: “You’re unlikely to find investors who will buy individual banks as an ongoing entity, but there may be parts they might be interested in.” Show Comments ▼ Tuesday 23 November 2010 9:00 pmlast_img read more

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Manufacturing recovery gathers pace

first_img Manufacturing recovery gathers pace Tuesday 7 December 2010 6:26 am John Dunne Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp whatsapp Share Show Comments ▼ Manufacturing output rose twice as fast as expected in October, suggesting the country’s economic recovery remains on track in the final quarter of this year.Output rose 0.6 per cent, the Office for National Statistics said, its biggest rise since March and double expectations for a 0.3 per cent rise.The wider measure of industrial output fell 0.2 per cent on the month, confounding expectations for a 0.3 per cent rise.But the decline was partly due to seasonal factors and analysts said this traditionally volatile component did not alter the broader picture of an economy that is slowly becoming more balanced.There was no market reaction to the data, which did little to alter expectations that the Bank of England will leave interest rates on hold this month and for some months to come as policymakers weigh up the risks to the recovery from upcoming government spending cuts.David Kern, Chief Economist at the British Chambers of Commerce (BCC), said: “These figures are better than expected, and provide welcome confirmation that the recovery in manufacturing is gathering momentum. We believe that this will ensure that GDP growth remains positive in the fourth quarter of 2010, albeit at a slower pace than in the third quarter. “With manufacturing output now expanding faster than services and total GDP for four consecutive quarters, we may at last be seeing the much-needed rebalancing of the economy.” Tags: NULLlast_img read more

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The City contributes far more than billions in tax

first_img Show Comments ▼ Sunday 19 December 2010 10:27 pm whatsapp KCS-content The City contributes far more than billions in tax NEWS that the financial services industry contributed £53.4bn to the Exchequer in tax during 20090-10 is welcome evidence that the City’s success spreads wealth across the wider economy.This money will help to pay for schools, hospitals and other infrastructure that tangibly benefits individuals across the UK. City businesses continue to make a significant contribution to the public finances even amidst challenging global economic conditions. These tax revenues are especially important in the wake of difficult measures outlined by the coalition government in the comprehensive spending review.That is why we should all support the City, while recognising that carefully considered reforms are needed. It is in everybody’s interests that London and the UK are home to a successful financial services industry, which is currently responsible for employing over a million people. In order to maximise these benefits – and ensure they are sustainable over the long term – we need to ensure firms continue to see the UK as a good place in which to be based and invest.And, of course, these benefits are not simply restricted to tax revenues but encompass a far wider good. During my year in office, I am championing efforts to get more people sharing directly in the success accrued from the City’s standing as a world leading global financial centre.The Square Mile is a neighbour to some of the poorest areas in the UK. I have seen first-hand how regeneration, supported by the City not only through finance but also through the Corporation’s own initiatives, can help local communities create jobs and foster enterprise.This also takes the form of philanthropy. My own Lord Mayor’s Appeal, Bear Necessities – Building Better Lives, raises money for two worthy causes, both helping the disadvantaged: children’s charity Coram and the disaster relief charity RedR.And the City’s livery companies and guilds still touch the lives of millions each year, providing an invaluable contribution to work with the young, elderly, and disabled and other worthwhile causes across all sections of society.This contribution dates backs many centuries but is equally relevant today as part of the Prime Minister’s vision of the Big Society.At this time of year, it is more important than ever that the City provides strong leadership when it comes to philanthropy. And my challenge to the City is that there is still more to be done. Michael Bear is Lord Mayor of the City of London center_img Tags: NULL whatsapp Sharelast_img read more

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