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Yellen raises debt concerns on US tax reform

Janet Yellen has criticised US tax reform plans arguing they will add to surging public debt and income inequality.

The outgoing chair of the US Federal Reserve told the Joint Economic Committee on Wednesday that the country’s surging debt should be keeping Americans up at night, the Financial Times reports.

Donald Trump’s tax reform package is currently being considered by Congress and would lead to around $1.5trn of lost revenue over a decade.

Yellen says she is “very worried” about the sustainability of the US debt trajectory.

Her appearance before lawmakers is likely to be her last as US Fed chair before she is replaced by Jerome Powell in February.


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University staff eye pension strike action over plans to cut DB rights

A seven-week ballot is beginning this week which could see professors and lecturers strike over plans to move university staff out of their defined benefit pension schemes. The University College Union, which has 42,000 members across the UK, is balloting members on proposals by Universities UK, the body overseeing 350 higher education employers, to switch […]


FCA probes four top fund firms over competition breaches

The FCA is investigating four asset management firms over allegations they have broken competition law in the first case of its kind. Artemis Investment Management, Hargreave Hale, Newton Investment Management and River & Mercantile Asset Management are said to have shared information relating to one or two IPOs and one placing, shortly before the share […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]


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