Archive for October, 2010

UK Business Confidence

Monday, October 11th, 2010

Business confidence among UK firms has fallen to its lowest level since the depths of the recession, a survey suggests. The Business Trends optimism index from the accountants BDO fell to 91.6 last month, from 93.1 in August. BDO also called on the Bank of England to pump more money into the economy. BDO said [...]

European Union Tax

Friday, October 8th, 2010

The European Commission has announced a new proposal to make banks pay for their own bailouts in the future. Instead of a transactions tax, the EU has now put forward a Financial Activities Tax to support governments. A European Union tax on bank profits and remuneration could raise as much as 25 billion euros ($34.97 [...]