The UK Economy

The Bank of England’s Financial Policy Committee reported today that UK banks need an additional £25 billion in aggregate on reserve to guard against what Andrew Bailey called “inadequate provisions for losses on loans.”  The committee wants the extra capital raised by December. There is at least one small catch.  The banks are going to have […]

BP has announced its intention to carry out a share repurchase programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP shareholders an amount equivalent to […]

UK business leaders respond to the 2013/14 budget With a package of new measures announced during George Osborne’s fourth budget business leaders have been putting them into practical context and demonstrating how they will influence the UK economy. Whilst a lack of financial support for SMEs drew criticism, Mr Osborne’s budget has been broadly welcomed […]

In the weeks running up to the budget sources close to the Treasury were keen to downplay today’s budget. Following the ‘omishambles’ budget of 2012 the Chancellor was said to be hoping for a period of comparatively calm waters and for 2013’s effort to pass without notice. This perceived wisdom was soon swept away as […]

As Cyprus totters on the brink of meltdown there are glimmers of governmental sanity in the UK. This is turning into an interesting week. The market still has its motor on. Subscribe to Clem’s Premium Newsletter: Value Investing – How To Get Rich Slow.

In the last of ADVFN’s series of articles on what UK businesses want to see in this years budget Anil Stocker, Head of Policy at the NGFC & co-founder of MarketInvoice, an online SME finance provider, makes the case for the government to deliver on further support in helping SMEs gain access to finance. At […]

Ahead of the Budget this coming afternoon we asked business leaders Jason Woodford, CEO at digital marketing agency SiteVisibility and Al Bingle, Managing Director at Bishop’s Move, the UK’s largest family owned removals company, for their views on what the  Chancellor should focus on in this year’s Budget.   –  The UK needs a stamp duty […]

Ahead of the UK’s 2013/14 financial budget we ask Vince McLoughlin, Partner at business & tax advisory firm Russell New, for his thoughts on what Chancellor George Osborne should be announcing on Wednesday. – Capital Allowances – why not give businesses certainty in their investment decisions and maintain the allowance indefinitely? – Pension relief – what […]

Ahead of the UK’s 2013/14 financial budget we ask Alpesh Patel, financial author, trader and media commentator, for his thoughts on what Chancellor George Osborne should be announcing on Wednesday. For me the two key elements the Chancellor should do: 1. Encourage corporate investment through matched funding a.  The Government is keen not to spend and […]

Ahead of the UK’s 2013/14 financial budget we ask legendary trader John Piper for his thoughts on what Chancellor George Osborne should be announcing on Wednesday.     The UK is in a bit of a mess right and here is a quote from a recent report of my BIG CALL service: “Great News! It […]