Investment banks irked by the Government’s attacks on City bonuses are
holding up a £1bn fund for small business, according
Gordon Brown unveiled plans at the Labour conference in September for a
National Investment Corporation to prop up small businesses struggling to obtain
lending from commercial banks.
It was meant to have £1bn of funds to invest in its growth fund, £200m of
which was to come from eight overseas investment banks operating in the City,
said to include Citigroup, Goldman Sachs and Morgan Stanley. Each was to have
But after leaks of the windfall tax on City bonuses began appearing in the
press before the PBR was announced, the banking giants reportedly shied away
from the arrangement.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements