Wednesday, Aug 10, 2022
International Finance

Tag : Chancellor

Banking

Location, location, location: Why the HSBC headquarters stayed in London

Moving to a more economically dynamic Hong Kong would subject it to China’s not-yet-ready-for-prime-time economic institutions Richard S. Grossman March 27, 2017: In February this year, HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong. The revelation that a company is staying put is usually not...
Economy

Brexit may change growth rate from 2.2% to 1.4%

UK companies to benefit from cut in corporation tax IFM Correspondent November 25, 2016: Chancellor Philip Hammond delivered the last Autumn Statement this year and said that the government is focused on preparing and supporting the economy as they begin to write a new chapter in the country’s history. Hammond spoke about tackling the weaknesses in...
Economy

Brexit means Brexit, EU tells UK

EU voices impatience with a lack of clarity from UK PM on what she expects IFM Correspondent November 24, 2016: European Parliament leaders told London’s Brexit negotiator on Tuesday that Britain should expect to be shut out of cooperation in areas it values once it leaves the European Union. David Davis met Guy Verhofstadt, the...
Economy

Autumn Statement is just what business needs

Chancellor Hammond is not about fancy initiatives, meddling too much or tweaking things for the sake of a good headline; he does something only when it is required Alan Mellor November 24, 2016: The UK government’s first – and last – Autumn Statement will be remembered for its sensibleness. When faced with a crisis, Ronald...
Economy

Brexit: So far so good for the UK

International Finance Desk
Among other things, it is more price competitive in global markets, thanks to the depreciation of the pound Suparna Goswami Bhattacharya September 26, 2016: Though talks of the adverse after-effects of Brexit have been going on for a while, things have not been as bad for the country as was predicted, at least for now....
Economy

EU likely to make it tough for UK

International Finance Desk
A wrong step in the negotiations may fuel demand from other countries to exit Suparna Goswami Bhattacharya September 15, 2016: Recently, the German economy minister had remarked that Britain must not be allowed to ‘keep the nice things’ that come with EU membership without taking responsibility for the fallout from Brexit. In fact, he warned...
Economy

‘Focus on EU referendum and get it over with’

Industry believes decisive UK election result will help only once all hurdles to growth are overcome quickly Peter Taberner May 18, 2015: Britain is still raising its eyebrows, after David Cameron’s Conservative Party won an outright majority in the general election, after five years in Downing Street as part of a coalition government. It was...