As part of a global strategic review announced in early 2018, Britain’s biggest mortgage lender, which is widely seen as a bellwether for the UK economy, announced plans to focus more on its digital offering and the small- and medium-sized sector. … [Read more...] about RPT-British bank Lloyds plans cuts to FX business – sources
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“London is a marketplace. The marketplace doesn’t come to them (the EU) ... the health of the City doesn’t depend nearly to the extent that is believed on having some privileged position in the EU,” said Peter Lilley, who sits in parliament’s upper chamber. … [Read more...] about RPT-UK finance sector ready to wave Brexit white flag amid ‘fish for finance’ talk
New Delhi: Direct and indirect tax reforms will continue to facilitate and expedite the process of ease of doing business in India, finance minister Arun Jaitley said. The government is committed to facilitate trade and industry in the country so that the momentum of the growth continues to move up, Jaitley said while interacting with a delegation of the Federation of Indian Chambers of Commerce & Industry on Tuesday. He asked the Indian industry to comply with the recent recommendations of the GST Council with regard to reduction of rates of various items and pass on the benefits to consumers, the finance ministry said in a statement. Jaitley said the Insolvency and Bankruptcy Code has changed the credit culture in the country and is helping banks to make faster loan recoveries. He said GST is now on track and fast settling down. The thrust of the government is to lower the tax rate, increase the tax base and keep revenue collections moving up. Indirect tax collections will … [Read more...] about Ease of doing business via tax reforms to continue: Arun Jaitley
The headline on this article was changed on 12 June 2016. It originally read: “This man is worth £75m. He makes money from providing services to his own state-run academies. Are England’s schools becoming a cash cow for businessmen?” Dr Dwan, a benefactor to Bright Tribe Trust and Adventure Learning Academy Trust, has asked us to point out that neither he nor any of his associated trusts or companies make any profit from their work for the academies they support. The trusts’ annual reports and financial statements show that he and his companies ensure that the trusts are fully funded and, where necessary, are provided with services at cost or less, in compliance with the Academies Financial Handbook. Topics Academies The Observer … [Read more...] about Are England’s academies becoming a cash cow for business?
“If the Government can position the UK as having a more favorable regulatory environment and separate it from the red tape of European regulation, then we may see the UK win back its crown and attract new talent to the sector,” Melis said. … [Read more...] about New York surges ahead of Brexit-shadowed London in finance: survey