The FT notes this morning that: The amount of cash held on the balance sheets of the UK’s largest companies by market value has reached an all-time high to stand at £166bn, according to analysis by Capita Asset Services. The research suggests that gross cash balances for FTSE 100 companies have risen by one-third from
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The Independent carries the following, absurd, report this morning: Benefit cheats will face increased jail terms of up to 10 years in a crackdown on those who “flout the system”, Britain’s most senior prosecutor has said. Keir Starmer QC warned it was time for a “tough stance” against the perpetrators of benefit and tax credit
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I had a double take at a story in the FT this morning: Bob Diamond – the former head of Barclays who tried to buy Lehman Brothers before its collapse five years ago – has joined a chorus of criticism over the lack of progress in ending banks’ “too big to fail” status. Citing “insufficient” progress in
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This is from today’s Guardian: You really couldn’t make it up: Barlcays, the bank that tried to create a tax haven in Ghana, sponsoring an international development award focussed on Africa. Shame on the Guardian, candidly.