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Miliband woos business bosses with warning over EU exit risks
Ed Miliband will today attempt to align Labour with sceptical business community, insisting that only he can avert the “clear and present danger” posed to the economy by a Conservative referendum on Europe. On the day David Cameron travels to Buckingham Palace to confirm the dissolution of parliament more than five weeks before the general election, the Labour leader will accuse the prime minister of “playing fast and loose” with Britain’s EU membership.
UK reveals its entrepreneurial spirit
One in 11 working-age Britons is running or starting a business, supporting claims that the UK is overtaking the US as the developed world’s capital of entrepreneurship.
SNP lures left with 50p tax and pact to keep Tories out
The Scottish National Party used its largest-ever conference to tighten the political vice on Scottish Labour, offering a clutch of “progressive” promise to lure left-leaning voters including a 50p top rate of income tax and a mutual pact to keep the Conservatives out of government.
Insecure jobs drive up debt problems
The Citizens Advice Bureau says an increasing number of its clients have insecure jobs with unpredictable hours, causing them problems with debt, housing, benefits and children… Zero and short hours contracts, agency work, fluctuating shift work, commission-only work, piece work and temporary contracts have all become more common in low-paid sectors.
Companies & Markets
ChemChina chairman toasts Pirelli marriage
Proposed €7.3bn takeover will preserve Italian tyre group’s ‘culture and management’.
Geely chairman attacks China’s policy
One of China’s most prominent industrialists has attacked a key plank of Beijing’s strategy to foster a global auto industry, saying the shared equity structure with foreign brands had turned domestic manufacturers into spoilt children.
Santander’s big plans for small business
By offering a range of services such as overseas trips and mentoring Santander is aiming to double its share of the small business banking market by the end of next year.
FCA opens audits to MP scrutiny – The City watchdog has bowed to pressure to make its closely guarded internal audits public after resisiting lfor more than a year. John Griffiths-Jones, the Chairman of the Financial Conduct Authority (FCA), will send the documents to the House of Commons treasury select committee a year after they are published.
Quindell to sell Slater & Gordon arm – QUINDELL, the troubled insurance outsourcer, is set to announce imminently the sale of its professional services division to Slater & Gordon. The deal will see the Australian law firm hand over A$1.2bn (£624m), or seven times earnings before interest., tax, depreciation and amortisation the Australian Financial Review reported.
Jobs recovery: salaries grow at fastest rate since crisis – British advertised salaries received their largest annual boost since the financial crisis during the year to February, driven by growing pay packets for teachers and healthcare professionals.
Iran Nuclear deal could release flow of oil that cuts barrel price to $20 – Flights from Tehran to Dubai have been crammed in recent months with Western executives flooding into the Iranian capital ahead of a potential lifting of economic sanctions. Potentially one of the Middle East’s biggest economies, Iran has been frozen out by the West over its refusal to give up its aspirations to become a nuclear power.
China in oil push – China is taking advantage of low oil prices to stockpile millions of barrels, according to the latest official figures. The world’s second largest economy and biggest consumer of crude after the US, imported record levels of 7m barrels in December and continued to fill its storage tanks throughout the first quarter of this year.
In the driving seat of the autonomous car – The Government and the auto industry want Britain to lead the way in developing driverless cars. You can’t avoid them: driverless cars are coming. However, will they be able to avoid you? For driver – and pedestrians to accept the concept of vehicles on the roads without a human at the controls, they must have faith that the systems are safe.
Sky: No work for ‘punchy’ Clarkson – Fired Jeremy Clarkson will not be signed up by Sky, a boss at the broadcaster has confirmed. Stuart Murphy said they would not risk hiring the Top Gear host after he was sacked by the BBC for punching producer Oisin Tymon.