ECONOMIC 'Shorts' 30.4.09
TELEGRAPH
=Fiat boss Sergio Marchionne, who helped forge a partnership with US
carmaker Chrysler, told an Italian daily in an interview that he
would now focus on a possible deal with Opel.
=High UK taxes will push more companies and high earners abroad, tax
adviser warns
Britain will lose more companies to tax residences if corporate tax
and personal tax for high earners are not reduced, a tax adviser has
warned
=Flu pandemic could wipe 7pc off UK economy
A flu pandemic could wipe more than 7pc off Britain's economic
output, and trigger the worst recession since the early 1920s,
according to Bank of England calculations.
FINANCIAL TIMES
=Company failures jump 56%
Personal bankruptcies up 23%
. UK lending conditions ease
. 'Goldilocks economy' was unsustainable boom
. Rapid rise in rate of insolvency
=Brit Insurance to move HQ to the Netherlands
Brit Insurance, the Lloyd's of London insurer, has become the latest
in a number of British companies to leave the UK and establish its
tax domicile overseas.
The group, which has been weighing up a move out of the UK since last
summer, said it planned to shift its British headquarters to the
Netherlands
=Informa joins growing list of tax exiles
Inform said on Friday that it wanted to join the ranks of British
companies moving their tax domicile overseas, arguing that an
imminent change to UK law made a move to the Swiss tax system
imperative.
=French protest against economic crisis
Soaring unemployment fuels high turnout
TIMES
=UK's largest dealership blasts scrappage scheme
Pendragon claims Government plan to boost car sales will have 'very
little if any' impact as it secures funding deal
=Mortgage approvals hit house price revival hope
The number of home loans granted in March rise by less than forecast
dampening talk of recovery in the housing market
=Days of independence are numbered
Eleven years after taking over left-leaning national newspaper The
Independent, it looks like Sir Anthony O'Reilly will lose contro
BBC ONLINE
=Swiss bank refuses US tax request
=Mitsubishi bank warns of loss
=Macquarie bank profit falls 52%
=Japan moves back into deflation
=Decline in house prices resumes
=BAE Systems to cut 500 jobs in UK
=Mobile sales 'in record decline'
=Independent plunges into losses
=AstraZeneca profits increase 40%
=Exxon profits hit by weaker oil
=BSkyB up on new customers [re: HD -TV !!!]
Friday, 1 May 2009
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