Cameron urges EU Ebola action

first_imgWednesday 22 October 2014 8:41 pm Cameron urges EU Ebola action Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com DAVID Cameron will put pressure on European leaders to do more to fight the spread of the deadly Ebola virus at a meeting of EU member states in Brussels today.The Prime Minister is said to be frustrated that member states had not pledged more cash to fight the spread of the disease, which originated in west Africa.He wants to persuade EU leaders to back a €1bn fund and send 2,000 medical personnel to help on the ground – 1,000 of whom would be in place by mid-December. Show Comments ▼ whatsapp whatsapp Share Tags: NULLlast_img read more

Saudis refuse to commit to Opec production curb as falling oil price fears continue

first_img Show Comments ▼ Share Tags: Oil prices whatsapp Saudis refuse to commit to Opec production curb as falling oil price fears continue Fears about falling oil prices continued yesterday as the Saudi Arabian oil minister revealed that Gulf countries in the Organisation of the Petroleum Exporting Countries (Opec) would not move to curb production at its meeting in Vienna today.Saudi’s Ali al-Naimi said the Gulf Co-operation Council, which included Opec members Saudi Arabia, Kuwait, Qatar and the United Arab Emirates, had reached a consensus. “We are very confident that Opec will have a unified position,” he added.He had earlier fuelled speculation by stating that he expected the oil market “to stabilise itself eventually”, after talks with non-Opec member Russia on Tuesday failed to elicit a pledge from the government in Moscow to tackle the global oil glut jointly. Al-Naimi’s remarks signalled that Saudi, an Opec swing producer, would not agree to any reduction in output, although some of its 12 members were hoping to cut production by at least 1m barrels of oil per day in order to defend prices. Charles Dumas, chairman and chief economist at Lombard Street Res­earch, said “pressure for prices to fall is the natural result of extremely high prices and slower world growth”. He added that many populous oil producers, including Russia, Nigeria, Mexico, Venezuela, Iran, and perhaps even Saudi Arabia, would be under budget pressure at the current price of around $75. “Some may be tempted to pump more oil, reinforcing downward pressure on prices,” he warned.And Malcolm Graham-Wood, analyst at Hydrocarbon Capital, stated that in a scenario where the Saudis decided to go for market share and there were no production cuts at all, the oil price had “no realistic floor but expect at least $10 off the price”. Graham-Wood suggested that most of the Opec members would opt to cut production with Libya, Iran and Iraq exempt, as they had struggled in the past to meet their quotas.Brent crude fell to $77.70 per barrel yesterday. Caitlin Morrison whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Wednesday 26 November 2014 9:04 pmlast_img read more

Camden Market IPO: Owner Market Tech Holdings aims for £100m listing on Aim

first_img Tags: IPOs More From Our Partners Kamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Ollie Gordon whatsapp Show Comments ▼ Camden Market IPO: Owner Market Tech Holdings aims for £100m listing on Aim  The owner of Camden Market, Market Tech Holdings, yesterday announced its intention to list on London’s Alternative Investment Market. Market Tech is the holding company of a group that combines real estate assets in Camden Borough – namely Camden Stables Market, Hawley Wharf, Union Street Market and Camden Lock Market –  with an e-commerce business based around a new online platform called Market. The company’s directors believe the online retail offering combined with the iconic Camden markets will create a premium experience for customers and increased retailer sales. Camden Market has been a beacon for London’s alternative scene Chief executive Charles Butler told City A.M.: “We feel we’re providing unique, independent retailers with a one-stop solution in regards to both a physical shop and an online output, as well as providing customers with a global portal to the markets.” Expected to list before the end of the year, the company is looking to raise up to £100m – which would give it £750m market value upon its AIM admission. Jefferies, Berenberg and Shore Capital are joint stockbrokers on the IPO. Proceeds will be used to develop the existing Hawley Wharf site into Camden Lock Village, a new site that will incorporate commercial and retail space alongside modern housing and a new primary school.  Market Tech is owned by Israeli technology entrepreneur Teddy Sagi. This will be Sagi’s third London IPO this year, with SafeCharge and Crossrider currently trading above their issue prices. BEHIND THE DEALSHORE CAPITAL MARKETS | SIMON FINE 1 Fine joined Shore Capital in 2002 as chief executive. He was previously co-head of pan European equity cash trading at Lehman Brothers.  2 He has recently advised on Crossrider’s £75m IPO, the £95.5m float of Next Energy Solar Fund, SafeCharge’s £76m listing and Playtech’s £325m secondary placing.   3 Outside of work, Fine enjoys spending time with his family and practising karate – in which holds a black belt.  Also advising…Alongside Shore Capital, Berenberg and Jefferies were joint stockbrokers on the float.     center_img Share whatsapp Monday 8 December 2014 8:55 pm Camden was named one of the boroughs where the price of flats was most likely to withstand a recession last_img read more

Private investors fled the stock market during autumn collapse

first_imgTuesday 6 January 2015 8:35 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDHero WarsThis game will keep you up all night!Hero WarsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar Programzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun whatsapp PRIVATE investors sold off equities this autumn faster than at any point since 2006, according to new research published yesterday.Capita Asset Services, which tracks the trading activity of 1.6m private shareholders, said yesterday that private investors offloaded £9.1bn of shares between September and November – an even faster rate than during the financial crisis.During September to mid-October, the FTSE 100 dropped nearly 10 per cent as global troubles spooked the financial markets.By November’s end, private investors’ total holdings had dropped to £224.4bn. “Private investors took fright on a scale far beyond that which greeted the Lehman crisis and subsequent global depression,” said Capita Asset Services’ Justin Cooper. Express KCS Sharecenter_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULL Show Comments ▼ Private investors fled the stock market during autumn collapse whatsapplast_img read more

WATCH LIVE: George Osborne at Davos

first_img More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.com whatsapp Emma Haslett Share David Cameron might not have made it to Davos this year, but chancellor George Osborne has made it – and following yesterday’s decision by the European Central Bank to instigate a quantitative easing programme, he’ll have plenty to talk about. What is the UK’s position in the new Europe? And how much of a threat would a “Grexit” pose? And what fiscal and monetary options will strengthen the European Union while delivering employment and growth?Osborne appears alongside German finance minister Wolfgang Shaeuble, legendary fund manager George Soros, Bank of Italy governor Ignazio Visco and Spanish economy minister Luis de Guindos.  Friday 23 January 2015 6:58 am Show Comments ▼ WATCH LIVE: George Osborne at Davos whatsapp Tags: Davos 2016 World Economic Forum George Osborne Peoplelast_img read more

Surfing the web is dead… here’s why

first_img Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapDoes ‘In the Heights’ Have a Post-Credits Scene?The WrapAzealia Banks Blasts Candace Owens’ Juneteenth Diss With Callback toThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap Show Comments ▼ whatsapp Surfing the web is dead… here’s why Share Lynsey Barber center_img Monday 13 April 2015 7:47 am Surfing the web is dead.Gone are the days when we’d spend our time online falling down a rabbit hole jumping from site to site – the majority of consumers say they only go to two or three trusted sites to discover content rather than spending time surfing the web. While back in the day when the web was still a novelty and we were still using dial-up, it was a voyage of discovery, making sense of the vast font of knowledge that was the internet. These days, more than two-fifths of people say they feel overwhelmed by the amount of choice online and prefer to trust friends’ recommendations. [infographic id=”29″]  whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game OnlineLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastWorld LifestyleWoman Spots Symbol On Car, Friends Tell Her To RunWorld Lifestyle Tags: NULLlast_img read more

Three charged with insider dealing by FCA in Logica shares at time of CGI takeover

first_img More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Three charged with insider dealing by FCA in Logica shares at time of CGI takeover Joe Hall Show Comments ▼ Three men, including a former business analyst at IT management consultancy Logica, have been charged with insider dealing by the Financial Conduct Authority (FCA).The UK’s financial watchdog formally is charging former Logica employee Majeet Singh Mohal with passing on inside information in 2012 and two other men – Reshim Birk and Surinder Pal Singh Sappal – with insider dealing.  None of the trio hailing from Southall has entered a formal plea after formally facing the charges at Westminster magistrates’ court on Wednesday. Their solicitors were not available for comment.The offence relates to trading in Logica shares in May and June 2012 when the company was taken over by the Canadian CGI Group. In March, former Logica financial planning manager Ryan Willmott was sentenced to 10 months imprisonment for insider dealing relating to the same takeover.The Financial Services Authority, the organisation which the FCA replaced in 2013, prosecuted some people for the crime, but 27 individuals have been convicted for the crime under the new authority.In a short statement the FCA said:Mohal appeared in respect of two counts of insider dealing by disclosure of inside information, Birk in respect of one count of insider dealing by dealing in securities (shares and options) and Sappal in respect of one count of insider dealing by dealing in securities (shares). Tags: FCA Mergers and acquisitionscenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Wednesday 29 April 2015 11:02 am Share whatsapp whatsapplast_img read more

When will Newcastle-upon-Tyne, Hexham, Middlesbrough and the North East constituencies declare results of the 2015 General Election vote?

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal Past Show Comments ▼ whatsapp Sarah Spickernell The Labour constituencies in Sunderland will be some of the first to report their results. Houghton & Sunderland South is due to report at 11:00pm, followed by Washington & Sunderland West at 11:30pm and Sunderland Central at midnight.Hexham, by far the largest current Conservative seat, will report at midnight. At the same, time, its neighbour and Liberal Democrat stronghold constituency Berwick-upon-Tweed will also announce its results. Labour seat Durham City will report at 1:30am, while all the Newcastle-upon-Tyne constituencies will announce at 4:00am. Middlesbrough will be one of the last, at 4:30am.Tap or click on the constituencies on the map below to find out their vital statistics, including who’s standing, when they declare and what happened last time.  Tags: General Election 2015 Sharecenter_img whatsapp When will Newcastle-upon-Tyne, Hexham, Middlesbrough and the North East constituencies declare results of the 2015 General Election vote? 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.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.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.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Wednesday 6 May 2015 11:12 amlast_img read more

London mayor elections 2016: Diane Abbott launches bid to become Labour candidate – and the next Boris Johnson

first_img Tags: Boris Johnson Diane Abbott London mayoral election 2016 People Share London mayor elections 2016: Diane Abbott launches bid to become Labour candidate – and the next Boris Johnson whatsapp whatsapp Lynsey Barber In the race to replace Boris Johnson as mayor of London, Diane Abbott has officially launched her campaign to gain Labour’s backing as the party’s candidate in the 2016 election.The veteran MP, who was re-elected as representative for Hackney and Stoke Newington with a comfortable majority in this General Election, is seeking to replace Boris Johnson, who promised to stand down at the next mayoral elections after gaining a seat in parliament – and David Cameron’s cabinet. Abbott is seeking to win over voters with promises of tackling inequality in the capital and the cost of living crisis caused by lack of affordable housing.The outspoken MP said she would highlight the importance of working with business to meet London’s challenges and “believes the City has much to contribute to making London a better place”.“Hard times call for a campaigning mayor. Now more than ever our city needs a mayor who will stand up for the interests of those increasingly left behind. But, as the MP for Hackney, I have always worked to bring all our communities together. And that is the kind of mayor that I will be,” Abbott said.The MP has worked with City firms such as UBS, Prudential and Linklaters on educational initiatives and runs the Black Women Mean Business network to support black businesswomen. Abbott faces fellow London MPs David Lammy and Tessa Jowell for the Labour Party’s candidacy in the race for City Hall.If successful, Abbott will stand down as the MP for Hackney, a seat she has held since 1987. Show Comments ▼ Wednesday 13 May 2015 7:35 am More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comlast_img read more

July Budget 2015: Are you an entrepreneur, an apprentice or a single parent? What does George Osborne’s statement mean for you?

first_imgWednesday 8 July 2015 10:34 pm July Budget 2015: Are you an entrepreneur, an apprentice or a single parent? What does George Osborne’s statement mean for you? THE SINGLE PARENTCatherine Gannon, 51Managing partner at law firm Gannons  Gannons Commercial Law continues to do well, with profits and earnings up on last year. Catherine is commercially savvy and has restructured the business from an LLP to a limited company, illustrating that she is a smart operator in a segmented legal market. Catherine lives with two children, aged 12 and 14, in a home with a mortgage and holds several investment properties. DELOITTE’S BUDGET TEAM SAYS Catherine’s business will benefit from the reduction in corporation tax rates to 19 per cent from 2017 then 18 per cent from 2020. As Catherine has a number of investment properties, she is likely to be impacted by the restriction of interest relief against her rental income to the basic rate, assuming those properties are mortgaged. Catherine is likely to see her tax liability increase as a result. In addition, if Catherine’s properties are rented out on a furnished basis she may have a larger administration burden as she will no longer be entitled to claim a wear and tear allowance but instead will need to maintain records of actual expenses incurred. The budget also restricted tax relief for pension contributions for those with earnings in excess of £150,000, which may limit the relief Catherine can save in her pension. She is likely to benefit in due course from the Inheritance tax main residence nil rate band of £125,000. THE APPRENTICEAlistair Franke, 21Higher Apprentice in Forensic Services, PwC  Alistair is living at home with parents to whom he pays a small amount of rent, and commutes to central London by train on a daily basis. On a salary of £24,000 a year, he is saving with the view to acquiring a buy-to-let property. He has a car which he uses mainly at the weekends, and has a fairly sociable lifestyle; going out to eat/drink on average twice a week. DELOITTE’S BUDGET TEAM SAYSAs a basic rate taxpayer, Alistair will benefit from the increase in the personal allowance from £10,600 in 2015/16 to £11,000 in 2016/17 giving him more disposable income to fund his sociable lifestyle. Alistair is looking to purchase a buy-to-let property. While he remains a basic rate taxpayer Alistair will not be affected by the restriction of finance relief to basic rate, however, he could be affected if his salary increases. In addition, Alistair’s parents may benefit from the increased annual rent-a-room relief from £4,250 to £7,500 in respect of the annual rent received from Alistair.  THE ENTREPRENEURKristo Kaarmann, 35Co-founder of TransferWise, a peer-to-peer international money transfer business  Kristo’s firm is just over four years old and has attracted $91m of investment from venture capital and private investors. Kristo employs over 65 people in the UK and a further 285 across offices in New York, Tampa, Tallinn and Cherkassy. He travels overseas twice a month to visit international offices and the firm’s US investors. Kristo owns property in Tallinn, Estonia, but rents in London. He cycles to work, and doesn’t have a pension. DELOITTE’S BUDGET TEAM SAYSIf Kristo is a non-UK domiciled individual claiming the remittance basis of taxation he should be aware that if he has been in the UK for more than 15 of the previous 20 tax years at 6 April 2017 he will be liable to pay UK tax on all his worldwide income and gains. From April 2017 he will not be able to benefit from the remittance basis of taxation. In addition, his worldwide assets (including his property in Tallinn, Estonia) would fall within his UK inheritance tax net. THE STARTUP FOUNDEROliver Pugh, 27Founder of snack box service EarlyBird  Oliver’s business is over twelve months old and has attracted £300,000 worth of investment. The business is currently growing at 100 per cent month-on-month and predicts year one revenues of £544,000. It currently employs eight people across two sites and will look to grow this over the next 12 months. Oliver lives with his girlfriend in a rented flat in London. He drinks socially, but does not smoke. His savings have all been invested in EarlyBird, and he takes a salary of £24,000 with no pension. DELOITTE’S BUDGET TEAM SAYSOliver currently draws a small salary from his business which is subject to income tax and national insurance and will therefore benefit from the increase in the personal allowance. Oliver may also be able to benefit from the introduction of the £5,000 dividend tax-free allowance. In addition, Oliver’s business will benefit from the increased Employment Allowance, from £2,000 to £3,000, the reduction in corporation tax rates, and the increase in the Annual Investment Allowance, which gives full tax relief on the first £200,000 of qualifying expenditure. THE MID-LEVEL ASSOCIATEIona Wright, 27Associate, Norton Rose Fulbright  Iona has been working at Norton Rose Fulbright LLP for more than 4.5 years in total and has been a qualified lawyer for 2.5 years. She is a mid-level Associate, recently promoted. She trained at the firm, but has also been on secondment to a client as a qualified lawyer. She is 27 and rents an apartment in Angel by herself. DELOITTE’S BUDGET TEAM SAYS The budget should not have too much effect on Iona. As a higher rate taxpayer, she will benefit due to the increase in the personal allowance and the higher rate threshold, which are offset by changes to the national insurance upper earnings limit. These changes together should give her an increase in her disposable income of around £150 per year. If she is saving for a house she will benefit from the proposed personal savings allowance, to be introduced from April 2016, which will save her up to £200 income tax on her bank interest. Iona may also benefit from the help-to-buy ISA if she is considering purchasing her first property. Under this scheme, the Government will pay a bonus of 25 per cent of the amount saved, so a £10,000 ISA will benefit from an additional £2,500 provided the monies are used towards a property.   whatsapp whatsappcenter_img Express KCS Show Comments ▼ Tags: George Osborne July Budget 2015 People Sharelast_img read more