The Edge

Richard Northedge takes on corporate finance

Archive for February, 2012

Backdating tax is bad – even for banks

At some point, the government will stop bashing Britain’s banks. But – unlike the tax on Barclays – that point will not be backdated.
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Lawyers in the FTSE? No way

Six of the biggest law firms would be in the FTSE 100 if they went public, says an investment report. Well, only if they didn’t pay out all their profits to partners. But without that pay, who’d stay to earn the fees?
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So, Cameron, who was it bashing business?

“Frankly, I am sick of this anti-business snobbery,” says the prime minister. Who can David Cameron be thinking of? Himself?
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Greece’s rescue is stepped the wrong way

The 130bn euro bail-out is not the final act of the Greek debt drama – merely an interval. The rescue terms mistakenly give Greece an easy ride in early years: when rates rise, Athens will be back on stage.
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All change as the superpowers vote? Maybe not

Three of the global superpowers vote for new presidents in 2012. Will they chose to elect the president they know rather than risk change? If so, the Putin, Sarkozy and Obama will be winners.
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Lloyds Banking Group bonus cuts are another token

If most of the Lloyds Banking Group (LON:LLOY) bankers having their bonuses cut had not already left, would they still be punished? The reductions in rewards are either insufficient or unjust.
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Osborne is too clever to fall for Balls’ silly tax cuts

Ed Balls is not silly, but his proposed tax cuts are – unless Labour’s shadow chancellor is planning a political trap rather than a financial stimulus.
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The madness of keeping students in debt

Of all the nonsense spoken about student loans, the greatest silliness came from the government itself in saying students could not repay their loans early. When our problems come from too much borrowing, why force people to stay in debt?
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Business redraws the map to find the continents of Lapac and Rumea

Geography has changed since you were at school. Whole new continents and regions are being created by business. Latest additions to the globe, courtesy of Reckitt Benckiser, are Lapac and Rumea.
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A nail-biting race: will Britain keep its rating?

It’ll be more exciting than anything at the summer Olympics. Will the UK lose or keep its AAA credit rating? The question is directly linked to avoiding a double dip.
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