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ECONOMY
Taxpayers ‘fleeced’ in Birmingham City Council pension fund blunder
Britain's largest local authority overpaid more than £600 million into its pension fund after being ordered to pump the emergency cash into a hole that 'never existed' leaving taxpayers 'fleeced', its former leader claimed this…
FCA boss Nikhil Rathi tells boards to struggle company raiders in courtroom
Britain's top City enforcer, Nikhil Rathi, has rejected claims that the Financial Conduct Authority, which he leads, was missing in action during the assault by American corporate raider Boaz Weinstein on Britain's investment trusts.'It's…
Burberry bounces again into black with pre-tax earnings forecast to be £88m
Burberry is expected to reveal a return to profit in its full year results on Thursday.Pre-tax profits for the year to March are forecast to be £88 million, according to data site Refinitiv, as other luxury goods firms face a gloomy…
UK farmers worry being trampled by Donald Trump’s ‘one-way’ beef deal
American beef is set to flood the UK in a new trade deal, which British farmers warn will pile pressure on local agriculture with benefits 'likely to be one way'.The quota, part of a deal signed off by Donald Trump, will let 13,000 tons of…
Vistry braced for investor fury over fats cat pay
Troubled housebuilder Vistry is facing a revolt at its annual shareholder meeting on Wednesday after two advisory firms raised concerns about the pay packages doled out to its executives.It comes as the FTSE 250 firm, which was previously…
Hair salons pressured to trim youthful stylists after tax hikes
Salon owners have warned that the sector is the 'toughest it's ever been' due to rising employment costs after Labour's tax raids.They also say its traditional role of offering young people first jobs sweeping up hair or learning as an…
Would YOU be tempted to purchase a personal jet for £370,000?
Owning a private jet is one of the ultimate super-rich status symbols. But it's no longer a prerequisite to be a sports star, politician, world-famous singer or wealthy businessman.Demand for travel by private jet has never been higher. The…
Despite volatility on markets, FCA boss says that is NOT a repeat of 2008
Britain's top financial enforcer knows a financial meltdown when he sees one. In 2008, a youthful Nikhil Rathi, then working in Downing Street, was a member of the financial stability group that helped steer Prime Minister Gordon Brown,…
HAMISH MCRAE: Bond vigilantes will save us from Labour’s recklessness
The markets took an adult view of Thursday's elections. They don't go a bundle on the Starmer-and-Reeves team's ability to run the nation's finances, hence the fact they charge us more to borrow than any other G7 state.But the initial…
Wall Street legend Blythe Masters set for courtroom battle over FNZ workers declare
A courtroom in Wellington, New Zealand, thousands of miles from the City, is an unlikely venue for one of the biggest cases to explode in the financial world. But this week it will be the stage for one of the most complex and colourful…
