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Labour won’t pursue heavy-handed regulation

A Labour government would avoid heavy-handed regulation, according to shadow chancellor Ed Balls, despite plans for a bank bonus tax and to raise the top rate of income tax. Speaking to the Financial Times, Balls said that Labour would seek to institute a 50p income tax rate throughout the next parliament, but would also seek […]

Towers Watson and Threadneedle parent circle Russell Investments

Towers Watson and Threadneedle Investments’ parent company are among the bidders circling Russell Investments, the US asset manager being sold by the London Stock Exchange Group. The FT reports an auction process for the business is now in the second round. Russell Investments has $273bn (£177bn) in funds under management and is expected to be […]

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UK economy ‘to grow 2.8% in 2015’

The UK economy will take uncertainty created by the general election “in its stride” and grow 2.8 per cent this year, the EY ITEM Club says. The consultancy’s spring forecast, which uses HM Treasury’s economic modeling, predicts gross domestic product will hit 2.8 per cent this year and 3 per cent in 2016. This is […]

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IMF knocks back Greek hopes of loan extension

The International Monetary Fund has rejected requests from Greece to extend the deadlines on loan repayments, according to reports. IMF managing director Christine Lagarde said yesterday that Greek ministers should instead focus on restructuring the debt-ridden nation’s economy rather than seeking an extension, the Wall Street Journal reports. “It’s clearly not a course of action […]

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