I’m not sure I like the term Neets – which stands for “not in employment, education and training”. But it’s highly relevant. There are coming on for a million 16 to 24 year olds in this category now. The Neets are important – those who are unemployed at this age are, evidence shows, likely to
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BP is suing the UK government in an effort to reclaim £300 million of tax it says it does not owe. I do not know the rights or wrongs of this case – I am not a stamp duty expert and have never claimed to be. But I am intrigued by a claim made by
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The UK’s frozen Gadaffi’s assets tonight. But first, apparently we know he has them. Second, why now? How come no one has suspected they might have been money laundered before? Yes, I’ve asked this already of Mubarak. But can we have answers about how UK bankers and presumably lawyers and maybe accountants have handled his
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Worth watching. Hester is clearly uncomfortable and his excuses don’t even reach the status of lame. I should disclose that I met Faisal this week.

Sometimes every one needs a day off. It’s half term. I’m taking tomorrow and maybe even the weekend off (but I’ll decide on that at the time) So if I don’t moderate comments please don’t rant about it. I’ve got a duty to be a Dad too, sometimes. And we’re going cycling in the forest
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From the First Post Daily: In Tahrir Square in Cairo, there was a young Egyptian man with a sign stating: ‘Egypt Supports Wisconsin Workers: One World, One Pain’. In Madison, Egypt’s revolution has been frequently evoked. Two dollars a day in the colony, or $45,000 a year in the heart of the Empire: at both
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The International Accounting Standards Board is undertaking a consultation – closing today – on its strategy. The first questions it asks is this: 1. The current Constitution states, “These standards [IFRSs] should require high quality, transparent and comparable information in financial statements and other financial reporting to help investors, other participants in the world’s capital
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The Guardian has reported in the last few minutes: Bailed out Royal Bank of Scotland reported losses of £1.1bn for 2010 – but still plans to pay out bonuses of £950m to its bankers. The contempt bankers have for society is evident in the comments made by Stephen Hester made. The Guardian reports: He admitted
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We have recently seen the madness of a Tory cabinet Minister urging Northern Ireland to become a tax haven – even though that can only be done at enormous cost to the people of Northern Ireland, as I have pointed out. And now we have the same completely bizarre logic being promoted by the Tories
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