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Friday, March 4th, 2016


Metro Bank floated on the London Stock Exchange this morning valued at £1.6bn after raising £400m from investors

Chancellor forced into u-turn

Osborne abandons pensions tax relief shake-up

George Osborne Commons 2

Chancellor George Osborne has abandoned his proposals for further pension reforms after being warned of a backlash from middle class voters. READ MORE

As I See It

Raise top rate of tax? It would buy a short road

Income tax own pic

It was always likely that once Scotland’s governors were given the ability to raise revenue they would be taxing all and sundry to pay for this and that pet project. When they fully understand how much the new ‘tax powers’ can actually raise they may be in for a shock. It is in the DNA of the left to tax more, and the Scottish Tory leader Ruth Davidson stands alone by positioning her party as a tax-cutter. Her task will be convincing the public that tax-cutting does not equate toRead More

Businessman's bonus for Leave campaign

Longworth suspended from BCC over ‘quit EU’ comments

John Longworth vid

John Longworth, director general of the British Chambers of Commerce, has been suspended after voicing his support for a British withdrawal from Europe. READ MORE

Data helps UK equities end on high

London Stock Exchange

Fri close: Better than expected jobs news helped UK equities end the week on a high. Miners were also up, with Anglo American, Glencore, BHP Billiton and Antofagasta, topping the FTSE 100 as metal prices rose. US non-farm payrolls employment rose 242,000 in February, beating analysts’ expectations for a 195,000 increase. Oil prices also increased again after US production fell and eased concerns about an oversupply. Brent crude gained 1.9% to $37.79 per barrel and West Texas Intermediate grew 1.9% to $35.27 per barrel. Shares in the London Stock Exchange were lowerRead More

New trains order

Swiss/Italian bid secures £200m Glasgow subway deal


Strathclyde Partnership for Transport (SPT) has awarded a £200 million contract for replacement trains on the Glasgow subway to a Swiss/Italian consortium. READ MORE

Facebook to pay millions more in tax to UK Treasury

Scottish Property Awards

Posthumous award for Hoskins at ceremony

Gareth Hoskins

A special posthumous award was presented at a ceremony in Glasgow in memory of the architect Gareth Hoskins who died in January. READ MORE

Demolition of St James shopping centre in Edinburgh to begin in May as reported in Daily Business on 12 February

The owner of Inverness Airport is to invest £900,000 expanding the arrivals and departure areas as passenger numbers rise 8%